Wall Street experienced a significant decline on Tuesday, marking its worst day since the early August sell-off. The downturn was fueled by a weak start to the week, which included disappointing economic updates. The S&P 500 fell by 2.1%, erasing a portion of the gains from a three-week rally that had brought it close to […]
Woodside Energy Group, Australia’s leading oil and gas producer, has announced a significant step in its expansion strategy by acquiring U.S.-based Tellurian for approximately $1.2 billion. This acquisition includes Tellurian’s fully permitted and advanced-stage Driftwood LNG export project near Lake Charles, Louisiana.Under the terms of the deal, Woodside will pay an all-cash price of $900 […]
U.S. stock index futures experienced a slight decline in evening trading on Sunday as investors awaited Federal Reserve Chair Jerome Powell’s testimony and critical inflation data for further guidance on interest rates this week. The futures steadied after Wall Street hit record highs on Friday, driven by softer-than-expected nonfarm payrolls data that increased optimism about […]
U.S. Space Force Major Jason Lowery has proposed a groundbreaking view of Bitcoin, suggesting it could function as a strategic defense asset. Lowery, who is also a national defense fellow at MIT, emphasizes the importance of the U.S. military exploring and incorporating proof-of-work systems like Bitcoin. He believes Bitcoin’s consensus mechanism can serve as a […]
U.S. corn and soybean crops have initiated this growing season on a robust note. The U.S. Department of Agriculture’s first assessment for this season revealed that 72% of soybeans are in either good or excellent condition, surpassing the 10-year average of 68%. Similarly, corn conditions have been reported at 75% good-to-excellent, exceeding both trade expectations […]
Market Analysis – May 30, 2024 The US 30 experienced a significant downturn after approaching the 39986.0 supply zone. This level, historically a point of resistance, saw bears assert dominance, leading to a notable price drop. This pattern mirrors the decline observed in the previous month, reinforcing the supply zone’s impact on market movements. Key […]
Wall Street is listless on Tuesday, coming back from a three-day weekend, with markets hovering near their record highs. The S&P 500 remained mostly unchanged in afternoon trading, sitting just below its record high set a week ago. As of 1:04 p.m. Eastern time, the Dow Jones Industrial Average had fallen by 238 points, or […]
Market Analysis – May 20 USOil witnessed a bearish shift in the market structure in April. Shortly after reaching the supply zone of 87.50, the price retraced to a bullish confluence region to find support. The interception of the demand level and the bullish trendlline failed to hold leading to a crash in the price. […]
USOil (WTI) Market Analysis – May 31 USOil price experienced a notable bearish breakout, breaching the bullish trendline that had provided support for long orders at the beginning of May. Since this breakout, prices have oscillated within a narrow range, forming a consolidation pattern on the daily chart. USOil (WTI) Key Levels Demand Levels: 76.00, […]
