About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said. Oil and natural gas production losses fell for the second consecutive day after reaching a peak of 511,000 barrels on Wednesday.
Treasury yields and the dollar fell while the Dow registered a record closing high as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve’s November policy meeting. A global stock index also reached a record high, helped by China’s stimulus boost, and European shares posted an all-time high close.
The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders expect, after a government report showed U.S. inflation has cooled to a pace nearer to the central bank’s 2% goal.
Google’s stock rose 0.7% in the last session. The RSI is giving a positive signal.
Google’s stock rose 0.7% in the last session.
The RSI is giving a positive signal.
Support: 161.23 | Resistance: 164.83
China’s central bank held back on buying gold for its reserves for a fourth straight month in August. China’s gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at the end of July.
The Gold-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.
XAU/USD remained largely unchanged in the last session.
The Ultimate Oscillator is currently in the positive zone.
Support: 2481.4331 | Resistance: 2540.9931
The Bitcoin-Dollar pair gained 0.5% in the last session. According to the Stochastic-RSI, we are in an oversold market.
BTC/USD rose 0.5% in the last session.
The Stochastic-RSI points to an oversold market.
Support: 53326.3333 | Resistance: 55518.3333
Uncertainty over the U.S. economy’s health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled after closely watched jobs data showed labor market momentum slowing more than expected
