In the commodity market, oil prices have declined on Friday, but continue to trade sideways on weekly and monthly charts. Investor sentiment was damaged by yet another surge in coronavirus infections in Europe and the US, which will affect crude demand...
Wall Street continued the bearish trend for the third consecutive session, though it bounced back from session lows on Thursday. Investor sentiment has been damaged by fears of slow recovery, the stimulus impasse, and the second wave of the COVID pandemic...
In the commodity market, oil prices have lost about 0.20% on Thursday morning, but they gained over 2% yesterday. Crude prices were boosted after the American Petroleum Institute reported a 5.4 million barrel draw in inventories for last week, while investors expected a draw of 2...
US equities extended losses on Wednesday, as investors got even more hints pointing to no stimulus before the presidential election scheduled for November...
Wall Street took a pause on Tuesday after four straight bullish sessions. Investors are worried that J&J’s vaccine trial halt would delay the introduction of a coronavirus vaccine. Meanwhile, negotiations over further stimulus went in sleep mode...
In the commodity market, oil prices came back to their bearish stance after rebounding in early trading on Tuesday. Investors are worried that the rising COVID cases across the European continent and the US would affect economic growth and damage oil demand...
In the commodity market, oil prices are recovering after losing over 3% at the start of the week. Still, the selling pressure is high as supplies resume in Norway, Libya, and the US Gulf Coast after Hurricane Delta weakened...
US equities extended gains on Monday, driven by tech stocks and persisting hopes that the Congress would approve a stimulus package. Apple and Amazon were among the best performers. The former surged ahead of the big event due later today when it will present a new series of iPhones...
In the commodity market, oil prices continue to retreat from their one-month highs, as US producers are restarting production after Hurricane Delta faded. Elsewhere, the major strike in Norway, which affected production, came to an end. Both WTI and Brent have lost about 1...
After the best weekly performance in more than two months, Wall Street maintains the bullish stance even though the hopes for another stimulus before the election faded on Sunday. At the time of writing, the S&P 500 and Dow Jones futures have gained over 0...
In the commodity market, oil prices are retreating from weekly highs after surging over 3% on Thursday. Yesterday, crude rallied as Hurricane Delta forced producers in the US Gulf Coast to halt almost 92% of output...
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...
