Bitcoin Seeks Support Above $81K as Brent Crude Oil Hits Highest Level Since March
Key points: Data from TradingView showed BTC/USD falling to $80,988 before recovering to around $81,600 at the time of writing. BTC/USD one-hour chart
NYSE American Options Trading Suspended on Tech Issues
The NYSE American Options exchange was halted due to a technical issue on Friday morning, the Intercontinental Exchange-owned (ICE) platform disclosed on NYSE's status page. The exchange suspended trading in all underlying symbols on TXN 4 and 6, it added NYSE To en
Midday Need to Know: Apple Tops Nvidia in Market Value, Trump’s Economic Rating Falls &
Wall Street's major averages were generally lower on Friday, while technology stocks continued to lag amid artificial intelligence spending fears and a continued rise in oil prices due to geopolitical turmoil. The benchmark S&P 500 (SP500) was last -0.5%, while the
Middle East Physical Crude Slides While Brent Hits Five-month High
In contrast with the international benchmark futures prices, the prices of physical crudes from the Middle East have softened this week, as oil continues to flow out of the Persian Gulf in ship-to-ship transfers offshore Oman and producers offer competitive prices to Asian...
The Correlation Between Oil and the Markets Has Turned Negative Amid the Tech Selloff – Analyst
A key shift is occurring in the relationship between oil markets (CL1:COM), (CO1:COM) and U.S. real yields, according to Stephane Deo, senior portfolio manager at Eleva Capital. Until mid-September, the two were positively correlated, but since then, the correlation has tu
Bank of Canada: Gradual Return to Neutral – TD Securities TD Securities’ Macro Team, Led by Andrew Kelvin and Robert
Bank of Canada: Gradual return to neutral – TD Securities TD Securities’ macro team, led by Andrew Kelvin and Robert Both, does not share market conviction for an October Bank of Canada rate hike. They expect the BoC to hold at 2.25% now, then deliver 25bp increases in Dec
Oil’s Well That Ends Well: Energy Stocks Ride the Crude Rally
The energy sector (XLE) hit a record high on Friday as crude oil prices climbed amid escalating tensions linked to the Iran conflict, raising concerns about disruptions to global energy supplies. XLE rose $69.08, up 2.23%, taking its year-to-date gain to 54.5% Brent
SA Asks: Netflix Hit a 52-week Low This Week. is Now the Time to Buy?
Netflix's (NFLX) stock price hit a new 52-week low earlier this week amid concerns about slowed growth and increased competition. Is now the time to buy? Seeking Alpha analysts Jonathan Weber, Louis Gerard, and Kenio Fontes weigh in. Netflix's (NFLX) stock price hit
Falls Gold to a 3-month Low and Dips Below $4K
Precious metals came into focus on Friday as gold (XAUUSD:CUR) extended its multi-month pullback, with prices falling -1.2% on the session and breaking below the $4,000-an-ounce level for the first time since July 20. The yellow metalâs move under that
European Central Bank: One More Hike Then Extended Plateau – Commerzbank Commerzbank Economists Expect The
European Central Bank: One more hike then extended plateau – Commerzbank Commerzbank economists expect the European Central Bank (ECB) to leave its deposit rate at 2.50% in October, then raise it to 2.75% in December in response to persistent Eurozone