August 13, 2024
Oil prices jump on prospect of widening Mideast war curtailing global supply
Oil prices jumped by more than 3%, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict that could tighten global crude oil supplies. The Oil-Dollar pair skyrocketed 3.7% in the last session. According to the CCI, we are in an overbought market.WTI/USD skyrocketed 3.7% in the last session.The CCI points […]
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August 12, 2024
Rollercoaster week in US stocks leaves investors braced for bumps ahead
A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. U.S. stock volatility has surged this month as a run of alarming data coincided with the unwinding of a massive, yen-fueled carry trade to […]
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August 12, 2024
US dollar off a one-week high against major currencies
USD was off a one-week high, capping off a turbulent week as traders digested a drop in U.S. jobless claims and the prospect of a looming economic downturn. USD was down against the Japanese yen following a three-day rebound, as firmer-than-expected employment data spurred a paring back in bets for Federal Reserve interest rate cuts […]
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August 12, 2024
Gold holds ground on US Fed rate-cut hopes, lower yields
Gold prices held steady on Friday after a sharp rise in the previous session, bolstered by a dip in U.S. Treasury yields, as investors grew confident that the Federal Reserve would lower interest rates in September. The Gold got a slight bump of 0.2% against the Dollar in the last session. The ROC is giving […]
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August 8, 2024
Indexes fall with tech shares; trade choppy, Treasury auction weak
U.S. stocks were lower in choppy trading, rising early with technology shares and then falling in tandem with them as investor jitters were stoked by weak demand in a 10-year Treasury auction. S&P500 was down 0.45%.
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August 8, 2024
Oil settles 2% higher on falling US crude stockpiles
Oil prices gained more than 2%, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted. The Oil-Dollar pair skyrocketed 3.5% in the last session. The Williams indicator is giving a positive signal.WTI/USD skyrocketed 3.5% in the last session.The Williams […]
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