November 20, 20240 Comments

Asia FX muted as China keeps rates unchanged; dollar steadies from recent dip By Investing.com

Investing.com– Most Asian currencies moved in a tight range on Wednesday with the yuan treading water after China left benchmark rates unchanged, while the dollar steadied from recent losses.  Regional markets saw a dearth of major cues this week, as traders mostly held back on big bets in anticipation of more cues on what a Donald Trump presidency will entail for the U.S. This notion also helped the dollar steady

Read More
November 20, 20240 Comments

Oil nudges up on escalating Ukraine war, signs of improving China demand By Reuters

By Laila Kearney (Reuters) – Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising stocks checked overall price gains. futures gained 9 cents, or 0.1%, to $73.40 a barrel by 0003 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $69.53 per barrel. U.S. crude oil stocks were seen rising by 4.75 million barrels

Read More
November 20, 20240 Comments

Oil prices flat amid Russia-Ukraine tensions, US inventory build By Investing.com

Investing.com– Oil prices steadied in Asian trade on Wednesday as traders watched for any worsening in the Russia-Ukraine conflict, although signs of a bumper build in U.S. stockpiles weighed on prices.  Oil prices marked some gains this week on the prospect of supply disruptions from an escalation in the Russia-Ukraine war, especially after Moscow raised the prospect of nuclear retaliation for Ukrainian strikes.  While an outage at Norway’s Sverdrup field

Read More
November 20, 20240 Comments

Australia critical infrastructure faces cyber threats, report says By Reuters

SYDNEY (Reuters) – Australia said it was concerned that one in ten cybersecurity incidents last year involved critical infrastructure, with state-sponsored actors targeting the country’s government, infrastructure and businesses using evolving tradecraft. The Australian Signals Directorate said in a report on Wednesday over 11% of cyber security incidents last year related to critical infrastructure, including electricity, gas, water, education and transport services. Of these, a quarter were phishing incidents, 21%

Read More
November 19, 20240 Comments

Wall Street shows these 2 cyber stocks love ahead of quarterly results

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its price target on Palo Alto Networks to $455 from $395, implying a nearly 18% upside from Monday’s close. The analysts said that recent channel commentary not only “sounded notably more positive” ahead of the quarter, but also had a “strong emphasis on solid execution across the board.”

Read More
November 19, 20240 Comments

Dollar edges higher; Trump’s political appointments in focus By Investing.com

Investing.com – The U.S. dollar edged higher Tuesday after retreating further from last week’s one-year high during the previous session, as traders look for political guidance.  At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 106.427, after falling 0.4% in the previous session.  The index climbed 1.6% over last week, marking six weeks of gains in

Read More