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Day: September 2, 2021

Risk Sentiment Firms Up after Jobless Claims, Dollar Staying Weak

Risk-on sentiment firms up slightly after better than expected jobless claims from the US. Dollar, Yen and Swiss Franc continue to trade as the weakest ones. On the other hand, New Zealand and Australian Dollars are the strongest. But the moves in risk markets are limited so far. Investors could turn cautious quickly again and …

Risk Sentiment Firms Up after Jobless Claims, Dollar Staying WeakRead More

WTI Oil Outlook: Stronger Than Expected Drop In Crude Inventories Inflated Oil Prices

The WTI regained traction and edged higher on Thursday after three-day drop was contained by converged 10/20DMA’s which formed bull-cross. Oil prices dropped on Wednesday after the OPEC+ group agreed to keep its policy of gradually phasing out record output reductions by adding by adding 400,000 barrels per day each month, but raised its demand …

WTI Oil Outlook: Stronger Than Expected Drop In Crude Inventories Inflated Oil PricesRead More

Stock futures gain after sluggish start to September with key jobs data ahead

Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures gained slightly on Thursday after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures were up by 67 points. S&P 500 futures gained 0.2% and Nasdaq …

Stock futures gain after sluggish start to September with key jobs data aheadRead More