November 15, 2024

Oil settles slightly higher, investors focus on steep draw in fuel stocks


Oil prices closed slightly higher in choppy trading, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar. The last session saw the Oil gain 0.6% against the Dollar. The MACD is giving a negative signal.Support: 66.312 | Resistance: 70.722
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November 15, 2024

Disney offers robust multi-year forecast, stoking stock


Walt Disney shares surged after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025.
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November 14, 2024

Bitcoin rises above $90,000


Bitcoin broke through the $90,000 level, as its rally showed no signs of easing. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs, reaching over $93k. The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The Stochastic-RSI indicates an overbought […]
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November 14, 2024

Dollar hits one-year high on Trump trades


The U.S. dollar advanced to one-year high against major currencies powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates.
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November 14, 2024

Gold extends fall as dollar, Treasury yields rise


Gold prices extended losses for the fourth straight session, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected. The Gold fell 0.6% against the Dollar in the last trading session. According to the Stochastic-RSI, we are in an oversold market.Support: 2525.7 | Resistance: 2648.4
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November 13, 2024

Wall Street dips as focus moves to economic data


Wall Street’s main indexes fell as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week. Some of the stocks expected to perform well under Donald Trump’s presidency gave back gains.
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