Despite modest improvements on Friday, oil prices were heading for a second week of losses. The weak US economic data and a lack of certainty regarding future interest rate increases affected the situation drastically. The more actively traded July contract was up 47 cents, or 0.6%, at 78.69 a barrel. Meanwhile, June Brent crude futures …
Oil market set for weekly decline as recession worries intensify Read More »
Stocks of firms ranging from banks to technology companies crawled lower on Monday. Major indexes are on the verge of closing December lower, which is unusual. According to Dow Jones Market Data, the S&P 500 has risen 73% of the time since 1928. Nevertheless, it dropped 6.4% in December as of Monday’s close. Markets are …
The all-important jobs report caused a lot of volatility near a key technical level. Traders were looking for indications of the Federal Reserve’s next policy moves. Bond yields fell, and the dollar weakened. A battle erupted near the 200-day moving average of the S&P 500, which some investors saw as signaling that a rally would …
The Spark of Slowing Interest Rate Only Goes So Far Read More »
Powell Signaled a Downshift in Rate Hikes Jerome Powell of the Federal Reserve indicated that the Fed will raise interest rates by a half percentage point at its next meeting. This means an end to an unprecedented four-year run of 0.75-point increases aimed at preventing high inflation. Chairman Powell said the Fed needed to be …
Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …
Stocks Finish Lower in Run-Up to Powell’s Speech Read More »
Rising COVID Cases Abroad Worry Investors While investors are concerned about the rising COVID cases overseas, the holiday-headed economy looks gloomy, and the US stocks fell on Monday. At around 4 p.m., the S&P 500 had dropped. The Dow Jones Industrial Average declined 0.1%, while the Nasdaq Composite fell 1%. Investors anticipated that if China’s …
While this week, investors await major data amid corporate earnings and CPI print & US midterm elections show signs of a Republican tilt, the major indexes gain momentum: The S&P 500 advanced 1%. In comparison, the technology-heavy Nasdaq Composite rose 0.9%. Stocks finished rallying with losses the previous week – with a rather gloomy outlook …
The stocks market keeps losing high gains. Is bear still on? let’s overview today’s performance. European shares traded lower on Tuesday as global markets failed to consolidate gains after a bloody week last week. The pan-European Stoxx 600 was down 0.6% in early trade after giving back about 0.5% of its opening gain. Basic resources …
Cobra Trading Review 2021: General Info Cobra Trading is a US-based online brokerage firm established in 2003. The broker provides three directly accessible trading platforms on various account types to meet the needs of individual traders and businesses. Cobra Trading accounts have tiered pricing for stocks and options. For those who want to trade futures …
Global markets and trends are changing each day. Some major influencers cause price movements each second. How have you performed Forex, Stocks, Crypto, and Commodity markets this week? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar rose for a fifth straight week against major …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 6 Read More »
On Wednesday, shares of DoorDash jumped more than 15% before the bell as the company announced it will acquire Wolt. DoorDash decided to buy Wolt, a food delivery platform that’s expanded into groceries as well as retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to accelerate DoorDash’s international growth. …
Shares of DoorDash Gained More than 15% Before the Bell Read More »
Lots of major events influence the global market every day. Prices fluctuate due to political, economic, or climate situations around the world. How have Forex, Stocks, Crypto, and Commodity markets performed this week? In our weekly overview, we will highlight the major updates that took place this week in global markets. Forex weekly overview How …
Weekly Overview: Forex, Stocks, Crypto, Commodities Nov 5 Read More »
Investors, as well as analysts, are waiting for the jobs report. Meanwhile, stock futures were muted on Friday morning ahead of the highly anticipated October jobs report. On Friday morning, futures on the Dow Jones Industrial Average dropped 24 points. Nasdaq 100 futures and S&P 500 futures hovered above the flatline. The nonfarm payrolls report …
Stock Futures Were Mixed Ahead of the Jobs Report Read More »
Yesterday, as expected, the FOMC statement announced that there would be no rates hike, but the tapering to QE would start this month. The process would last until the middle of 2022, at a speed of a $15 million monthly reduction. This seems to be a significant policy shift of monetary policy in a less accommodative …
Forex Today: FOMC Starts Tapering But No Price Hike Read More »
U.S. stock futures mostly gained on Monday after the Dow Jones Industrial Average closed its third positive week in a row at a record. Notably, the rise was due to better-than-anticipated earnings reports. Dow futures advanced 25 points, whereas S&P 500 futures were gained around 0.2%. Futures for Nasdaq 100 were trading up by 0.3% …
U.S. Futures up After Dow Closed Its Third Positive Week Read More »
