Jose Luis Pelaez Inc/DigitalVision via Getty Images Introduction In our last article in January, we made a case for a second half rally in shares of Helmerich & Payne, Inc. (NYSE:HP). A rally that would be led by a resurgence in shale drilling to maintain output. That thesis hasn’t played out as longer laterals, increased…
Peter Zhang Jul 31, 2024 11:58 The Hong Kong Monetary Authority (HKMA) reports a 17.2% decline in mortgage applications for June 2024, with significant decreases in loan approvals. The Hong Kong Monetary Authority (HKMA) has released its residential mortgage survey results for June 2024, revealing a significant…
Industrial materials maker DuPont de Nemours (NYSE:) raised full-year forecasts on Wednesday, benefiting from strong demand for electronics and artificial intelligence-based technology that helped it beat second-quarter results. After widely destocking last year due to low demand, an uptick in the manufacturing sector is benefiting companies that make chemicals and other materials used in a…
The US Securities and Exchange Commission (SEC) has published an information page to address numerous inquiries from investors who suffered losses due to the collapse of Terraform Labs. This page aims to explain the compensation process following a settlement finalized in June. As part of the settlement, Terraform Labs has agreed to pay $4.47 billion, which includes $3.6…
Heraclitus, a Greek philosopher, once said that “the only thing that is constant is change.” This adage is never taken for granted in the world of forex trading. The nature of the industry doesn’t make room for those who are too set on their ways. The market drivers and the popular strategies today may not…
Rex (REX) has entered voluntary administration, which has led to the airline grounding some of its planned flights. Management of the third-biggest Australian airline has been locked in talks with the country’s government to find a solution. Some reports suggest that the authorities may be prepared to work out a package that would save part…
Spectrum Markets, a pan-European platform for retail trading, has published a business update for H1 2024. In its press statement, the company said that this update better reflects the “challenges posed by a volatile economic landscape and fluctuating equity markets”. During H1 2024, Spectrum recorded 1.2 million trades. Its order book turnover declined by 15%,…
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In the complex world of financial markets, knowing how prices will move is key to a trader’s success. Confluence in trading strategies helps with this. It uses several technical analysis tools to improve forecasting and make better trade choices during market ups and downs. What is confluence in trading? It means when two or more…
On Tuesday, the EUR/USD pair experienced some price movements. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action Support: The pair found support above 1.0795. Resistance: It encountered resistance below 1.0835. This suggests that after a short-term rise, the EUR/USD could continue its downward trend. Key Levels to…