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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Weekly Crude Oil Price Prediction - Crude Oil Markets Continue to Fall

Alina Haynes

Aug 08, 2022 12:09

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The West Texas Intermediate Crude Oil price has dropped below the $90 barrier for the second consecutive week. With this in mind, the market appears to be poised for a significant decline. If the price breaks below the bottom of the candlestick, there is the potential for a decline to the $80 level. Granted, this is a very noisy market, but it appears that the pessimism persists. Consequently, I believe we have a situation where we must view this through the lens of a lack of demand, as global markets will begin pricing in a significant downturn. That decreases demand.

 

Brent prices were also quite volatile, falling through the 50 Week Exponential Moving Average. If the price breaks below the bottom of the candlestick, a decline below the $90 level becomes possible. In such a scenario, the market could collapse to $80 in the near future. We just broke through a major trend line, and this negative development has now been reinforced.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Despite the fact that OPEC scarcely increased supply, prices continued to decrease anyway. As a result, you must pay close attention to the markets and what they are attempting to tell you at this time because this demonstrates the level of concern surrounding the man. More often than not, rallies will be sold into, and a collapse below the $90 level could unleash significant selling pressure.

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