ontan8's Blog
Markets Today
US stocks end with new record gains , &P up 0.40%, Nasdaq up 0.32% The US stocks are closing once again at record levels with the S&P up 0.40%, the Nasdaq up 0.32% and the Dow leading the charge, up 0.45%. Financials did well today once again: JPM was up about 0.92% Citicorp was up 0.83% Bank of America was up 2.59% .
Markets Today
OIL - Russia will decided in April or May on oil output cut agreement extension , Weekend reports from TASS (Russian news agency) Citing Russian Energy Minister Alexander Novak Saying Russia will make a decision on extending the OPEC / non-OPEC oil output cut agreement in April or May , i think oil will increase in next week heading 58$ per barrel
Markets Today
Fed's Fischer: There is significant uncertainty about US fiscal policy , Fed feeling less confidence on fiscal stimulus After the election it was a rush to bet on Congressional spending but the second thoughts continue. About half of the Federal Reserve governors/presidents added to their forecasts based on expectations of fiscal stimulus. That may have been premature
Markets Today
S&P 500 ends the week at a record high , he S&P 500 broke out yesterday after Trump promised a 'phenomenal' tax plan in the coming weeks. More details have begun to leak out and the market is excited. The S&P 500 closed 8 points higher on Friday at an all time high of 2316.
Markets Today
Mexican central bank hikes rates to 6.25% from 5.75% , Mexican central bank acts to get inflation under control If the Mexican peso would stabilize or start moving higher, those kinds of interest rates are awfully tempting. USD/MXN has fallen to 20.33 from 22.00 in the past month and the pair is down quickly on these headlines but most economists expected a 50 bps hike so it's not a big surprise.
Markets today
US crude oil futures settle at $51.79/BBL , Up $0.11 on the day US crude oil futures are settlement area $51.79. That is up $.11 or 0.21%. The high for the day extended to $52.42 while the low reached $51.04. , i think we will see tomorrow continue in the upward in all currencies against dollar and in gold and Oil
Markets Today
EURUSD falls to 11-month lows as USD demand continues , EURUSD down to 1.0760. Decent demand into the reported barrier option at 1.0750 but it's looking wobbly still. EURGBP back down to 0.8605 from 08637 a few moments ago highlighting the euro weakness generally as bond yields firm and helping put a bid under GBPUSD around 1.2500 USDJPY up to 107.75 ahead of strong 108.00 sell interest.
Markets today
US crude oil futures settle down on the day at $43.41 , US crude oil futures are settling the day at $43.41. That is down $1.25 or 2.8% , A week ago the December contract settled at $44.13. The decline this week equals -1.62%. The high price reached $45.95 on Wednesday. The low -reached today- was at $43.03. That low was pretty much equal to the low on Wednesday at $43.07. For today the high price extended to $44.63.
Markets today
US crude oil futures settle at $44.66 per barrel , US crude oil futures are settling the day at $44.66 which is down $.61 or 1.35%. The high price came in at $45.64 while the low price came in at $44.41, i see next days it will back to the down trend and it will go to 40 $ and try to break it if federal fund increase to 0.75% next month .