crude oil futures (CL)
Analysis

Crude Oil (CL) Futures: Gasoline Consumption Increases in the US

Last week saw an uptick in US gasoline consumption. US oil refiners and pipeline operators forecast higher energy demand in the second half of 2022. Russia resumes oil supply to Europe via the Druzhba pipeline. Investors flocked to riskier assets in response to lower-than-expected US inflation statistics and promising news on US gasoline consumption. According Read More…

E-mini S&P 500
Analysis

E-mini S&P (ES) 500 Futures: US Inflation Uncertainties and Poor Earnings Weighing

Micron, Novavax, and Upstart warn investors of poor future earnings. Investors are waiting to see if US inflation has peaked. Rising bond yields cause the decline of growth stocks pushing stock futures lower. Micron, Novavax, and Upstart have warned investors that future earnings and revenue will be lower than anticipated. The S&P 500 dropped by Read More…

Nasdaq 100 index futures (NQ)
Analysis

E-mini Nasdaq 100 (NQ) Futures: Threat of Aggressive Fed Looms Over the Markets

Markets expect the Federal Reserve to take action against rising inflation. Nvidia expects a 19% drop in Q2 revenue. Tesla shares rose 0.8% after announcing contracts worth around $5 billion. Wall Street ended Monday’s trading day unchanged after last week’s massive jobs report confirmed expectations that the Federal Reserve will take action against inflation. Stock Read More…