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The Energy Information Administration on Wednesday reported that U.S. crude inventories edged up by 200,000 barrels for the week ended Sept. 23. That was less than the average forecasted climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 2.4 million barrels for […]
Top White House economic adviser Brian Deese said Tuesday night that he doesn’t expect a deal like the Plaza Accord, which was a 1985 agreement among finance ministers to jointly guide the dollar DXY, -0.36% lower. “I don’t anticipate that that’s where we’re headed,” Deese said at an Economic Club of Washington, D.C., event, according […]
U.S stocks opened mixed Wednesday, as Treasury yields fell and investors weighed the Bank of England’s surprise announcement that it’s buying bonds to help restore orderly market conditions. The Dow Jones Industrial Average DJIA, +0.84% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.92% gained 0.1% and the Nasdaq Composite […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9575 and then resume moving downwards to reach 0.9285. Another signal in favour of a further downtrend will be a […]
Shares of VFC Corp. VFC, -1.87% fell 0.3% toward a nine-year low in premarket trading Wednesday, after the parent of Vans and The North Face apparel brands cut its full-year profit and sales outlook due to lower-than-expected fiscal second-quarter results. The company expects adjusted earnings per share for the quarter that ends September of 70 […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9640. However, an alternative scenario implies that the price may […]