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China Petrochemical Corporation, better known as Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate. Its a Chinese state-owned firm and as such is administered by the Chinese Communist Party's State-owned Assets Supervision and...

Markets:Gold up $7 to $1992US 10-year yields down 9.3 bps to 4.57%WTI crude oil down $1.64 to $80.83S&P 500 up 1.0%NZD leads, USD lagsThis week marked a turn of the calendar and a turn in markets. Treasury yields plunged and the dollar sank along with them....

S&P 500 weekly chartClosing changes on the day:S&P 500 up +1.00%DJIA +0.7%Russell 2000 +2.7%Nasdaq Comp +1.4%Toronto TSX Comp +1.0%On the week:S&P 500 up 5.9% -- best since Nov 2022DJIA +5.1%Russell 2000 +7.6% -- best since Feb 2021Nasdaq Comp +6.6%Toronto...

The old adage is that magazine covers are a jinx. That's particularly true with The Economist but Barron's has had some doozies, including making the case for Pfizer earlier this year (it's down 40% since).The cover this week certainly raised alarm bells but it may...

There are reports of an earthquake being felt in New Delhi, with buildings shaking. A related report cites a 6.2 magnitude earthquake in the Nepal region, however the USGS classifies it at 5.6.It's 11:45 pm local time in New Delhi so people would be indoors. The...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

USDMXN daily MUFG Research added 2 new trades to its TOTW portfolio. Short USD/MXN - (spot ref @ 17.400), Target @ 16.900 & Stop @ 17.800 and Short USD/SEK - (spot ref @ 10.980,) Target @ 10.650 & Stop @ 11.200. "We are recommending a new short USD/MXN trade...

The US dollar is making fresh lows for the week as the stock market sizzles.The S&P 500 is up 1.1% and the Russell 2000 up 2.8% in a broad rally in risk assets after a jobs report that painted a benign picture of the economy. The market is now pricing in 98 bps in...

GBPUSD dailyCable may have found a bottom.The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349.It's the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair...

US equities are off the highs but still comfortably into positive territory on the day. The S&P 500 is up 0.7% and the Nasdaq up 0.9%.It's set to be the fifth straight day of gains and comes despite a disappointing earnings report from Apple.Nasdaq CompositeThe...

ECB’s Vujcic (neutral – voter) confirmed that the tightening cycle has ended, and the ECB will now hold rates steady for as long as necessary to get back to their 2% inflation target:We have finished with the process of raising interest rates for now.At this moment we...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Prior was 50.2Composite 50.7 vs 51.0 prelimPrior composite 50.2business confidence rose to the strongest in four months,Input prices and output charges increased at the weakest rates in three years New orders fell for the third month running, albeit at only a slight...