Market Update

According to the New York Mercantile Exchange, crude oil futures for October were traded at $43.35 a barrel, up 0.00%. It was previously traded lower at $43.23 a barrel. Crude oil may find support at $41.46 and resistance at $43.56. The dollar index, which measures the performance of the greenback …

CME Group’s preliminary readings for Natural Gas futures markets noted open interest shrunk by almost 4.5K contracts on Tuesday, reaching the second drop in a row at the same time. Volume, in the same direction, went down for the second consecutive session, now by nearly 44.8K contracts.

According to the COMEX, gold futures were traded for December at $ 1931.50 per ounce, down 0.44%. It previously traded at a session low$ 1929.70 an ounce. Gold may find points of support at $ 1916.60 and resistance at $ 1970.30. The dollar index, which measures the performance of the …

FX option expiries for Aug 26 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1775 792m1.1830 689m – GBP/USD: GBP amounts         1.3150 385m  – USD/JPY: USD amounts          105.00 3.2bn105.40 839m105.50 383m105.75 1.1bn106.00 1.1bn106.15 420m106.50 399m106.60 570m107.03 1.3bn107.10 394m – AUD/USD: AUD amounts 0.7250 732m …

Estimates by the American Petroleum Institute (API) showed on Tuesday that crude oil inventories in the United States decreased by 4.5 million barrels last week. This would be the fifth consecutive weekly decline in US crude oil stockpiles, amid output disruptions in the Gulf of Mexico due to Hurricane Laura.

The New York Stock Exchange (NYSE) showed a mixed performance on Tuesday, but with the S&P 500 and the Nasdaq continued to achieve new record highs. The Dow Jones Industrial Average declined by 0.21% to close at 28,248.44. The S&P 500 index added 12.34 points, or 0.4%, and finished at …

The Dollar index (DXY) continues to maintain its decline for another day as it is closed to finish Tuesday’s session down by 0.31% a little above the 93 mark. The DXY measures the performance of the US Dollar (USD) against a basket of six major currencies. The USD is down …

Oil prices closed higher on Tuesday, continuing to gain support from output disruptions due to weather conditions at the Gulf of Mexico. West Texas Intermediate (WTI) finished higher by 73 cents at $43.35 per barrel, or its highest level since March 5. Meanwhile, the global benchmark Brent crude futures for …

Gold prices finished lower on Tuesday, for the second consecutive day, as the remarks by US and China top trade officials eased concerns about a trade war between the world’s two largest economies, thus, lowering demand for safe havens. However, the US Dollar’s (USD) decline provided some support for the …

European stocks closed lower on Tuesday, after rising earlier in the session supported by positive remarks regarding the trade agreement between the United States and China. Officials from the world’s two largest economies reaffirmed their support for the trade deal. The STOXX Europe 600 index closed lower by 0.16%. The …