Share: S&P 500 concluded the week at 4,320.06, marking a 0.23% daily and a 3.02% weekly drop, reaching levels last seen in June, with Nasdaq and Dow Jones also incurring losses Federal Reserve’s decision to hold rates but revise upward projections for the Federal Funds rate for 2023 and 2024 spurred a sharp
Share: The EUR/GBP made a late-week break for the 0.87 handle. The Pound Sterling continues to give up ground after a dovish BoE shrank from rate hikes, EU PMI figures came in mixed, keeping Euro gains restrained. The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over
The USDCHF traded sideways and then moved lower on Wednesday before finding support near 0.89347, basing and moving to the upside. The Swiss National Bank kept rates unchanged on Thursday helping to propel the price even higher, with the price moving above its 200-day moving average of 0.90334. The surge on Thursday did find willing
Total rigs 630 versus 641 last week. Down -11 on the week Oil rigs versus 507 vs 515 last week. Down -8 on the week. Gas rigs versus 118 vs 121 last week. Down -3 on the week. Crude oil was trading at $89.95. It has seen a move up to $90.23 currently. This article
Share: WTI is strung up near $89.00/bbl after slipping off of recent highs. US crude barrels briefly saw $92.00 in the midweek on continuing supply concerns. Price pressures have eased heading into the weekend, but prices are set to continue rising. West Texas Intermediary (WT) US crude oil is struggling to hold onto
The USDCAD traded down and up and down and up and back down and up this week (see hourly chart below). The high price on Monday was retested on Thursday. The low on Tuesday saw the pair, move to and through the 100-day MA (lower blue overlay line on the chart below at 1.3398) but
Share: Palantir stock has shed nearly 9% so far this week. PLTR stock is sitting right on medium-term support from $13.50 to $14. A break of $13.50 would send PLTR hurtling toward $10.25. A recent AIP conference gave Palantir good marks on its move into the LLM space. Palantir (PLTR) stock advanced 1.2%
The major US stock indices traded above and below unchanged today in up-and-down trading, but each of the indices is ending the day in the red. A snapshot of the closing levels shows: Dow industrial average -106.60 points or -0.31% at 3393.83 S&P index -9.96 points or -0.23% at 4320.05 NASDAQ index -12.19 points or
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 11 to 15, 2023. The market was quite clearly undecided on the direction of its movement, and only 2 trades were opened in total. For convenience and timely receipt
The AUDUSD moved higher in trading today. Fundamentally, the RBA meeting minutes showed that the debate was for a 25 basis point hike which helped to support the AUDUSD in trading today. The move to the upside extended in the early North American session up to the high price from last week (on Friday) at
