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...
Wall Street is likely to start the week off on the right foot, as futures on the three benchmark indices continue the bullish stance...
In the commodity market, oil prices have recovered some of their recent losses but are set to end the week lower amid worries about weak demand caused by a resurgence of COVID infections. So far, WTI and Brent have gained about 0.10% each to trade above $40 and $42, respectively...
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...
