Wall Street extended gains on Thursday and will likely end the week higher, as the index futures continue to ascend. Investor sentiment was boosted by hopes of new stimulus after President Donald Trump urged Congress to vote certain parts of the $2.4 trillion package proposed by Democrats...
In the commodity market, oil prices are recovering after yesterday losses, as Hurricane Delta is forcing oil rigs to halt operations in the Gulf of Mexico. Hopes for at least a partial stimulus in the US are also supporting crude prices...
Wall Street bounced back on Wednesday amid renewed optimism over further stimulus. After President Donald Trump surprisingly cancelled negotiations with Democrats on their $2...
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1785 & 1.1805 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1740 & 1.1725 as targets...
In the commodity market, oil prices are retreating from their regional peaks after Trump’s cancellation of stimulus negotiations, as investors are worried that the lack of government support will hurt consumer demand for oil...
Wall Street slumped on Tuesday after President Donald Trump called off talks on further coronavirus stimulus until after the election. Thus, equities reversed the robust gains from Monday and continued their wobble moves...
In the commodity market, oil prices have continued their bullish stance after surging over 5% on Monday, supporting the energy sector...
US equities bounced back on Monday, driven by optimism surrounding President Donald Trump’s health condition, as he was discharged from the hospital and returned to the White House. Also, the stock market was supported by hopes of another package of stimulus...
In the commodity market, oil prices have surged over 2% in early trading on Monday on optimism around Trump’s health, after his doctors delivered positive comments and suggested he might be released from the hospital as early as today. WTI is up 2.43% to $37.97, and Brent has increased by 2...
Wall Street tumbled on Friday as investors were worried about President Donald Trump’s health condition after he announced that he had been tested positive on the new coronavirus...
In the commodity market, oil prices have tumbled over 3.5% after losing over 3.7% on Thursday. Crude prices are under pressure amid demand worries as the number of COVID infections continues to increase worldwide, forcing many states to impose lockdowns...
US stocks closed higher on Thursday for a second straight session, but that was possible thanks to an initial surge driven by stimulus hopes. After US House Speaker Nancy Pelosi criticized the counteroffer made by the Trump administration, which seeks a $1...
In the commodity market, oil prices are mixed but steady on Thursday, as renewed hopes for US stimulus are supporting the market. However, the persistent worries about fuel demand are putting pressure. At the time of writing, WTI is down 0.15% to $40.45 but Brent is up 0.57% to $42.55...
Wall Street closed higher on Wednesday, reversing previous losses. Equities reacted to increased hopes that the Congress would reach consensus on further stimulus, as talks continue. Still, the focus is on a new relief package instead of Democrats’ $2.4 trillion stimulus proposal...
In the commodity market, oil prices extended losses amid worries about the accelerated increase in COVID infections, which lead to more severe restrictions. Both WTI and Brent have lost about 1% to trade at $38.91 and $41.11, respectively...
US equities halted the three-day rally on Tuesday, as investors took profits ahead of the US presidential debate. Financials, energy, and industrials, which have been among the best-performing sectors on Monday, found strong resistance and fell...
In the commodity market, oil prices have declined after gaining on Monday. On larger timeframes, crude prices are moving sideways. Currently, the worries related to demand outweigh hopes for a fresh stimulus...
US equities extended the bullish stance on Monday, though this is still not enough to cover September losses. Besides tech, the best performers were the sectors tied to the economy, such as financials, energy, and industrials...
In the commodity market, oil prices gave up their recovery attempts and continue to decline. Both WTI and Brent are set to post the first monthly decline since April-May. Investors are worried that the rapid increase in coronavirus infections will hurt recovery in demand...
