Tech stocks drove the decline in the markets this past week. Hedge funds increase their S&P 500 short bets. Investors await the annual conference of central bankers in Jackson Hole. The E-mini S&P 500 (ES) futures closed the week ended August 19 down 1.2% for the week at 4,228.48, interrupting a four-week winning streak and Read More…
The US dollar is gaining ground on hawkish comments from Fed officials. US treasury yields are on the rise, making gold less attractive. Some policymakers are open to a 75bps rate hike from the Fed. Gold prices fell to a three-week low on Friday. The yellow metal is on track to experience its first negative Read More…
US crude stocks fell by 7.1 mln barrels in the past week. Russia to boost oil output in the wake of strong Asian demand. The market anticipates Iran’s response regarding its Nuclear proposal After reaching a six-month low, crude oil prices increased on Wednesday by approximately 1.5% as concerns over rising Russian output and exports Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…
Crude Prices continue to fall with a multi-year trend line broken to the downside The next support level to watch is $87.61 Inventory Report will be the main focus for Investors on Wednesday Crude Oil has traded down since our last technical analysis overview of the commodity with prices now at $85.47 per barrel. Once Read More…
