Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn

Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven Gold’s break below key technical support of 4050 to the 4023 low in New York trading on Wednesday appears driven primarily by stop-loss liquidation and positioning rather than a material deterioration in macro fundamentals, according to UBS.  As the bank's trader Marcus Millis writes, "the move flushed out long exposure and left positioning looking more balanced, reducing the immediate risk of further forced selling." However, he cautions, the broader trading backdrop remains challenging. That's because with front-end USD rates expected to stay...

Russia & Ukraine Trade Some Of Biggest Strikes Of War On Eve Of NATO Summit Russia has unleashed another massive drone and missile attack wave on Ukraine's capital, just on the eve of the major annual NATO summit, which is in Ankara, Turkey this week. Over a dozen people were killed, with heavy damage against residential structures observed. The death toll could rise, but "In total, 14 people have died and 117 have been injured in Kyiv," the office of the attorney general said on Monday morning. Rescue crews have been...

The New York Times reported on Thursday that the US was concerned Israel might try to assassinate Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf during negotiations that were taking place in April. The report, which cited US officials, said that the US agreed that Araghchi and Ghalibaf could have been targets […]