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Asia And Europe Markets Mostly In Green, Crude Oil Trades Above $78 - Global Market Overview While The Us Slept
Thursday, February 29, 2024 - 8:18am | 407Read More...On Wednesday, February 28th, U.S. stock markets ended lower ahead of key inflation update that could affect predictions for a Federal Reserve rate cut. In economic data, the U.S. saw a 3.2% annual growth rate in the fourth quarter, down from a 4.9% growth rate the quarter before. Wholesale...
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Fed Euphoria
Tuesday, September 20, 2011 - 11:22am | 228Read More...This morning, the major stock markets indexes are holding up very well despite French banks trading lower and a possible Greek default. The stock markets are obviously betting on another wave of inflation creation by the the Federal Reserve and the other central banks to keep the stock markets in...
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Commodities and Oil Down Today (USO, IEZ, GDX, UUP)
Wednesday, September 23, 2009 - 11:58am | 109Read More...Commodities including Oil are down today in response to a slightly higher US Dollar. The Unites States Oil ETF (NYSE: USO) and Ishares Oil Service Sector (NYSE: IEZ) are down 4.2% and 2% respectively. Oil itself is trading down 4% at $68.90/barrel. Gold is also slightly lower at $1,009/ounce. The...
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Oil Acting Weak Over Last Month (USO, GLD, UUP)
Monday, September 21, 2009 - 12:13pm | 197Read More...The relationship between Oil, measured by the United States Oil Fund (NYSE: USO) and the US Dollar, measured by the PowerShares US Dollar Bull (NYSE: UUP), has been trying to tell us something over the past month. Oil has been a decent hedge against inflation and a falling US dollar over the past...
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Energy & Commodity ETFs (KWT, DBB, USO, KOL) Show Strength Today
Tuesday, September 8, 2009 - 12:36pm | 159Read More...A broad rally in energy and commodity ETFs including Solar (NYSE: KWT), Base Metals (NYSE: DBB), Oil (NYSE: USO), and Coal (NYSE: KOL) began at market open and is holding through midday trading. These ETFs are all up between 2.5%-5.5%. The main reason for this move is due to continued US Dollar...
