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Is Crude Oil Still Bullish Following Friday’s Drop?

Financial markets around the world took a hit at the end of last week. The news that a new COVID-19 strain, found in South Africa, is even more contagious has triggered a flight to safety. The renewed pandemic fears have suddenly sent the stock markets plummeting. Even more impressive, however,

Euro Under Pressure as COVID Cases Mount

Winter has arrived in Europe and, with it, a new wave of COVID-19 infections. Despite Europe doing a relatively good job at vaccinating the population, the current vaccination rate is not substantial enough to curb the infection in some countries. COVID-19 infections are mounting once again, thus putting pressure on

Rivian Doubles in Price In Less Than One Week Since Its IPO

Rivian (NASDAQ:RIVN) is an electric vehicle startup backed by Jeff Bezos, the CEO of Amazon. It listed its shares last week on NASDAQ at an IPO (initial public offering) price of $78. To the surprise of many market participants, the stock price has doubled in just one week since

Gold Regains $1,800 On Inflation Fears. What’s Next?

Gold has spent the year consolidating. But, curiously enough for market participants, all this time, inflation has been on the rise in the advanced economies all this time. Most recently, inflation reached levels not seen in decades, running hot in the United States and Europe, two regions where central banks

Bullish Bias for the US Dollar Ahead of the Fed Meeting

The main event of the trading week is ahead of us, and the US dollar is flexing its muscles. The Federal Reserve of the US (aka the Fed) is to announce its monetary policy decision on Wednesday, and the market’s consensus is that it will reveal the tapering of

Bitcoin Trades Back Above $60,000, Eyes New Record Highs

Cryptocurrency traders and investors are cheering the recent bitcoin rally. The leading cryptocurrency is trading back above $60,000, coming close to a new all-time high. The most recent data related to the crypto market size explains why bitcoin has attracted so many buyers in the latest months. The global

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