Key points: The stock market saw significant movement today, with companies in oil and technology standing out. Here’s a look at the pre-market performance of these companies and updates on notable corporate events, providing insights for investors assessing potential portfolio impacts. Exxon Mobil (XOM) and Occidental Petroleum (OXY) Stocks Exxon Mobil and Occidental Petroleum shares […]
U.S. Stock Markets Rise Amid Key Data Expectations in Tech Sector and Nonfarm Payrolls
U.S. stock markets and indexes rose on Monday, buoyed by easing geopolitical tensions at the beginning of a week filled with pivotal technology sector earnings, monthly nonfarm payroll data, and the final stretch of campaigning ahead of the U.S. presidential election. Oil Prices Drop as Risk Appetite Grows Risk appetite surged on Monday, while crude […]
Dollar Stable as Data-Heavy Week Begins, Euro Inches Higher
The U.S. dollar held steady on Monday, positioned for a strong monthly gain, while the euro remained mostly flat at the outset of a busy week for economic data. In recent weeks, the dollar has gained momentum amid rising expectations of fewer rate cuts by the Federal Reserve, thanks to reasonably positive U.S. economic data. […]
Daily Technical Analysis EUR/USD: Below 1.0800 as Fed Tightening Looms
The EUR/USD remains steady at 1.0790 after posting losses in the previous session. However, the pair could be impacted by a stronger dollar, as recent positive U.S. economic data has bolstered expectations for a less dovish Fed approach in November. On Friday, the Michigan Consumer Sentiment Index rose to 70.5 in October, up from 68.9 […]
OnEquity Wins the Most Transparent FX Broker 2024
OnEquity is proud to announce that it has been honored as the Most Transparent FX Broker 2024, awarded by Forex Expo Dubai 2024. This recognition highlights the company’s ongoing commitment to integrity and client satisfaction, showcasing OnEquity’s dedication to providing a transparent trading environment that builds trust and confidence among clients and partners. The award […]
What is the Russell 2000 and How to Invest in It?
The Russell 2000 is a U.S. index that tracks the performance of 2,000 companies with the smallest market capitalizations in the Russell 3000, serving as an indicator to estimate the state of the U.S. economy. In this article, we will explain how it works, which companies are part of it, and much more. In the […]
Bitcoin Options Traders Eye $80,000 in November
Bitcoin (BTC) options traders are targeting a price of $80,000 for the last days of November, regardless of the outcome of the U.S. presidential election. Open interest (OI) for Bitcoin call contracts expiring at the end of November is concentrated around $80,000, according to data from cryptocurrency exchange Deribit, cited by Bloomberg. The expiration date […]
Today’s Stocks to Watch: McDonald’s and Starbucks
Key points: McDonald’s (MCD) Faces Serious Trouble from E. coli Outbreak McDonald’s shares were down 7% at the close of market trading due to a deadly E. coli outbreak linked to its Quarter Pounder burgers. This incident has raised concerns about food safety, impacting investor confidence in the company. As of now, McDonald’s has not […]
U.S. Stock Markets Lower on Rising Yields, Election Fears, Corporate Data
U.S. stocks and indexes declined on Wednesday as investors analyzed corporate earnings amid rising Treasury yields and political uncertainty with less than two weeks to go before the presidential election. Wall Street indexes are down from their all-time highs this week, pressured by rising Treasury yields. The 10-year rate rose on Tuesday to a nearly […]
Dollar Hits Record Highs, Political Concerns Drive Safe-Haven Demand
The dollar reached new highs on Wednesday as uncertainty over U.S. interest rates and the upcoming presidential election continued to support safe-haven demand. Risks Point to Dollar Bullishness The dollar has reached its highest level since early August as positive economic data has reduced expectations of aggressive interest rate cuts by the Federal Reserve. According […]