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Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion

Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…

6 min read

Dollar Supported by Hawkish Fed Comments

The dollar index (DXY00) today is up by +0.05%. The dollar is slightly higher today, boosted by hawkish comments from the Fed. Chicago Fed President Austan Goolsbee said that, given higher inflation, the more prudent co…

5 min read

Stocks Settle Mixed as Chipmakers Climb and Financial Stocks Fall

The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ…

7 min read

Oil extends losses as Trump signals progress in U.S.-Iran talks

West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around…

4 min read

Gold recovers above $4,350 on US–Iran diplomacy hopes

Gold price (XAU/USD) rebounds to near $4,360 during the early Asian session on Wednesday. The precious metal edges higher amid hopes for diplomatic progress between the US and Iran.

5 min read

Stocks Settle Mixed as Chipmakers Climb and Financial Stocks Fall

The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ…

6 min read

Australian Dollar remains subdued as Fed and RBA hawks collide

The Aussie Dollar is poised to end Tuesday’s session unchanged versus the Greenback amid renewed hopes for an end of the Middle East conflict, while Federal Reserve officials struck a hawkish tone in their speeches. The…

3 min read