US equities ended higher on Thursday after a rough session. Investors reacted to mixed economic data, with optimism surrounding the surge in new home sales offsetting the disappointment caused by the surprising increase in jobless claims...
In the commodity market, oil prices are declining on Thursday, following the flash reading on US business activity that suggests a slowing recovery. Investors fear that the cold season will come with another wave of the pandemic, which will hurt oil demand...
After a surprisingly bullish session on Tuesday, Wall Street couldn’t keep the pace and slumped to the lowest level since the end of July. Tech stocks were among the worst performers after leading the Tuesday rally...
In the commodity market, all prices are flashing red. Oil prices are declining, as the American Petroleum Institute (API) reported that gasoline stocks in the US dropped by about 7.7 million barrels, which is eight times lower than the expected figure...
Wall Street bounced back on Tuesday, after four consecutive bearish sessions. The bulls pushed equities higher despite the delay in new stimulus to be adopted by Congress and a rapid increase in the number of COVID cases. The rebound was driven by tech stocks, with Amazon surging over 5...
In the commodity market, oil prices have edged up slightly, recovering the losses incurred yesterday, as the third storm in about a month is losing strength in the US Gulf Coast. Still, concerns over slow oil demand recovery persist and become even more relevant amid potential fresh lockdowns...
US equities carried their gloomy mood from previous weeks on Monday, as investors were worried about the new lockdowns in Europe...
Pivot (invalidation): 1.1750 Our preference Long positions above 1.1750 with targets at 1.1780 & 1.1800 in extension. Alternative scenario Below 1.1750 look for further downside with 1.1730 & 1.1710 as targets...
US equities cannot reverse the downtrend, judging by the futures on the three main indices. Both the Dow and the S&P 500 futures are down 0.64% at the time of writing, while Nasdaq has declined by 0.76...
In the commodity market, oil is juggled by bulls and bears. Initially, crude futures increased as the US Gulf Coast is about to see a third storm in about a month, which will continue the disruptions in production...
In the commodity market, oil prices continue the rebound for the fourth session in a row, getting closer to update the September peak. Both Brent and WTI have gained around 0.65% as a new storm is now building close to the US Gulf Coast. Thus, the two crude brands have gained about 10% this week...
US equities declined on Thursday and thus ended up to last Friday levels, losing recent gains. The tech sector was a drag again, as it slumped for a second straight session. Meanwhile, the US reported that weekly jobless claims dropped less than expected while the housing market is slowing down...
In the commodity market, oil prices have retreated from their weekly peaks, as investors are concerned about the oversupply amid weak demand during the pandemic, even as Hurricane Sally disrupted production in the US Gulf Coast...
US stock indices took different routes on Wednesday but bears dominated the market at the end of the session. The S&P 500 ended lower despite the fact that the Fed hinted it would maintain interest rates close to zero for a long period. The benchmark index was dragged down by tech stocks...
In the commodity market, oil suddenly updated the weekly peak after several sluggish sessions in a row. Both WTI and Brent have gained over 1.3%. The crude prices rose as Hurricane Sally reached the US Gulf Coast, causing the shutdown of over 25% of American offshore oil and gas production...
US equities continued the bullish week as investors are confident that the Fed would keep its accommodative stance on Wednesday. Tech stocks led the uptrend, with Nasdaq gaining 1.21%. Elsewhere, the S&P 500 rose 0.52%, while Dow Jones edged up only 0.01...
After two consecutive bearish weeks, US equities started the current week off on the right foot, with all three benchmark indexes adding over 1% on Monday. The stock market was buoyed by vaccine hopes and several ongoing multibillion-dollar deals. The S&P 500 closed 1...
In the commodity market, oil prices continue to move sideways but with a bearish tone. Investors are concerned about a slow recovery in fuel demand amid the coronavirus crisis...
In the commodity market, oil prices are up on Monday, but larger timeframes point to a sideways move after the worst slump in months. Crude prices have recovered slightly as tropical Storm Sally is hitting the Gulf of Mexico and is expected to be a category 2 hurricane...
