Saudi Arabian oil giant, Aramco, has announced its highest ever annual profit since being listed. Aramco’s Chief Executive, Amin Nasser, spoke to the press on Sunday and expressed his cautious optimism about the future of the oil market. Despite the positive news, Aramco’s shares only saw a slight increase of
Crypto analyst Andrew T, who is also part of the Nansen.ai team, has shared that smart money has not been buying USDC, despite its recent re-pegging. In a tweet this morning, he noted that the re-pegging was retail-driven, and that both institutional and retail investors remain hesitant to invest in
Introduction Oil prices have been on a rollercoaster ride in recent months due to various factors, including the COVID-19 pandemic, geopolitical tensions, and concerns over inflation and interest rates. On Monday, Asian markets saw a rebound in oil prices, as a recovery in Chinese demand and a weaker dollar helped
Gold prices reached a one-month high on Monday, surging in response to the banking crisis in the United States. Investors are betting that this crisis will lead the Federal Reserve to soften its hawkish rhetoric in the coming days. Platinum futures rose 0.96% to $971.40, while silver futures surged 1.2%
The EUR has been gaining momentum and is expected to advance further to 1.0740, according to the 24-hour view. However, major resistance at 1.0800 is not expected to come under threat. A breach of minor support at 1.0620 could indicate a easing of upward pressure. EUR gains momentum, expected to
BTC, the world’s leading cryptocurrency, has made its way onto CoinMarketCap’s trending list over the last 24 hours, currently occupying the number 6 position on the list. The digital asset’s price has increased by 3.42% over the last 30 days, recovering from its rough week last week and flipping its
Introduction: Swing trading is a popular trading strategy that involves holding stocks for a short period of time, typically a few days to a few weeks. Unlike day trading, which involves making multiple trades in a single day, swing traders aim to profit from the “swings” or fluctuations in the
The past week has been a challenging one for cryptocurrency investors, with major coins like Bitcoin and Ethereum experiencing significant losses. However, meme coins like Dogecoin, Shiba Inu, and Dogelon Mars have been hit even harder, with some investors experiencing losses of up to 20% over the past seven days.
Introduction: Day trading is a term that refers to the practice of buying and selling financial assets, such as stocks, within a single trading day. While it can be a lucrative way to make money, it is also a high-risk endeavor that requires a great deal of skill and discipline.
The U.S. trade deficit widened moderately in January as imports and exports increased strongly. According to the Commerce Department, the trade deficit increased 1.6% to $68.3 billion, compared to December’s revised figure of $67.2 billion. The latest data also shows a surge in imports of motor vehicles, parts, and engines
German project developer Conjuncta has signed a memorandum of understanding with Mauritania, Infinity, and Masdar for a $34 billion green hydrogen project in the West African country. The project is expected to have a production capacity of up to 8 million tonnes of green hydrogen or other hydrogen-based end products