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Brent slips again as stocks fall
Yesterday it was noted here; that the rebound in Brent crude, from a session low at $92.76 had seen it rise, but stall ahead of $94.50. Well, not long after that update, the price slipped below $94 again and later settled even lower on the NYMEX exchange, after the Fed policy decision. November Brent settled $0.81 lower, at $93.54. It has fallen further today and just now taken out the low point seen yesterday, at $92.76. This move lower comes amid falling stocks and risk concerns over the economic outlook and that has finally served to counter the prior supply side moves by Saudi Arabia and Russia. Brent crude has just now hit a new reversal low at $92.62 and it might not be done with yet
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Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
