The Federal Reserve says it will remain flexible on rate hikes. New unemployment benefit claims fell more than investors expected on Thursday, contributing to the move in the index. Bulls are pushing the index back above 4000 on the charts. The E-mini S&P 500 (ES) futures price closed Thursday’s trading session higher on a bullish Read More…
Dramatic pullbacks in stocks show investors maintaining bearish sentiments. Poor performance in tech stocks is keeping the index primarily flat. Investors are waiting to see US GDP data for Q1 amid rising inflation. The Nasdaq 100 index futures (NQ) had a quiet session yesterday and closed higher, gaining 1.5%. Thursday morning saw stock futures primarily Read More…
The US is expected to use export restrictions to ease domestic fuel prices. Last week’s crude oil inventories are expected to drop. India’s oil minister says $110 a barrel is unsustainable. There have been minimal movement for crude oil futures (CL) prices in the past two days as investors are waiting for crude oil inventory Read More…
The S&P 500 is expected to lose more ground. The Fed’s aggressive approach is pushing the index lower. To keep inflation under control, Biden intends to eliminate Trump’s tariffs. The E-mini S&P 500 (ES) futures price has been moving lower for the past seven weeks. Such a move was last seen in 2001 during the Read More…
A pleasant surprise for bulls, as German data beats expectations. Dollar weakness is expected to make Euro futures more expensive. A weaker Euro is a concern for the ECB. Euro futures (6E) price was up Monday morning after the German Ifo Business Climate Index was released. Investors had expected the value to be lower than Read More…
The Fed’s rising interest rates weigh on crude oil futures. Reduced global growth results in low demand for crude oil. China’s loose restrictions on Covid may boost the prices of oil. Crude oil futures (CL) price continues to maintain an uptrend; however, we’ve seen some downside retracement in the past few days as a firm Read More…
