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oil
Nasdaq Bullish, Encourage by Upbeat  U.S. Job Data

Nasdaq Bullish, Encourage by Upbeat U.S. Job Data

The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday's disappointing NFP report. Wall Street benefited from the improved risk appetite, with the Nasdaq leading gains, surging by over 400 points in the last session.

2024-08-09
OnEquity Empowers Traders with High Leverage Options Across Diverse Markets

OnEquity Empowers Traders with High Leverage Options Across Diverse Markets

OnEquity, a leading online trading platform, announces its extensive leverage options, offering traders greater control and flexibility across various markets including commodities, CFDs on stocks, indices, cryptocurrencies, oil, and precious metals.

2024-08-06
Higher Tokyo CPI Bolsters BoJ Rate Hike Expectation

Higher Tokyo CPI Bolsters BoJ Rate Hike Expectation

Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday's session while the Dow Jones eked out a marginal gain.

2024-07-26
Dollar Dip on Dovish Fed’s Beige Book

Dollar Dip on Dovish Fed’s Beige Book

The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 points in the last session, breaking its all-time high.

2024-07-18
Dollar Gains on Hawkish Fed Outlook

Dollar Gains on Hawkish Fed Outlook

After digesting Jerome Powell's comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect of prolonged high interest rates.

2024-06-14
Oil Plummet on U.S. Crude Inventory Surge

Oil Plummet on U.S. Crude Inventory Surge

Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+'s decision to increase oil supply in the fourth quarter, exerted significant downward pressure on prices.

2024-06-05
Further Sterling (GBP) Weakness Likely if Johnson Becomes PM

Further Sterling (GBP) Weakness Likely if Johnson Becomes PM

As the new Prime Minister is set to be announced at 11.00 UK time GBP may continue to lose ground if Boris Johnson is confirmed to be the new PM.

2019-07-23
Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag

Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag

Crude oil prices have crossed back-below the 60-handle, and a short-term bear flag formation has built. Are oil markets on the cusp of another bearish run?

2019-07-16
Crude Oil Price Outlook Remains Fragile - Will Near-Term Support Hold?

Crude Oil Price Outlook Remains Fragile - Will Near-Term Support Hold?

Crude oils sharp sell-off has halted in the short-term as the market hits support off an important Fibonacci level.

2019-06-03
Crude Oil Price Sinks 4.5% as Bullish Conviction Ebbs

Crude Oil Price Sinks 4.5% as Bullish Conviction Ebbs

Commodity traders sent oil prices plunging on Thursday as uninspiring crude inventory data reignited oversupply concerns, dealing the latest blow to bullish sentiment.

2019-05-30
Crude Oil Price Congests After 60 Support, Can Bears Make a Mark?

Crude Oil Price Congests After 60 Support, Can Bears Make a Mark?

Crude Oil prices have calmed after a rally of more than 50% from the lows. The bigger question is whether this is a pullback or the start of a reversal.

2019-05-09
Crude Oil Price May Falter as IEA Forecasts Supply Swamp

Crude Oil Price May Falter as IEA Forecasts Supply Swamp

The International Energy Agency found it may be difficult for the energy market to absorb newfound crude supply from non-OPEC members.

2019-02-13
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