🇺🇸 The industrial sectors showed mixed performance at the close of trading on #WallStreet, with the Dow Jones index declining as investors awaited developments in the Middle East, impacting oil prices. 📌 #DowJones index falls 0.61% 📌 S&P 500 index closes down 0.08% 📌 #Nasdaq
🔴Very Important for Oil Breaking | Wall Street Journal Officials: A decision on the International Energy Agency's proposal to release oil reserves is expected today, Wednesday.
⬅️💎 Today's Top Economic News 📊 🔴 10:00 AM – 🇩🇪 Germany (EUR) ♦️ Monthly Consumer Price Index (CPI) 🔴 3:30 PM – 🇺🇸 United States (USD) 🔸 Monthly Consumer Price Index (CPI) 🔸 Annual Consumer Price Index (CPI) 🔸 Core Consumer Price Index (CPI) 🔴 5:30 PM – 🇺🇸 United States (USD) 🔸 US Crude Oil Inventories ⏰ All news is in Mecca Time (GMT +3)
Oil relinquished its morning gains, which had pushed it to nearly $120 a barrel, falling back to around $89 before recovering some of its losses following Trump's statements that the war with Iran was "almost over." Meanwhile, metal prices showed significant volatility, with gold losing its appeal.
🗣️ Kristalina Georgieva, Managing Director of the International Monetary Fund, stated that the global economy faces a new test of resilience due to the conflict in the Middle East. ⚠️ If the conflict continues for an extended period, it could lead to: 📉 Declining market confidence 🌍 Slowing global economic growth 📊 Increased market volatility Conclusion: The continuation of the war in the Middle East could put pressure on the global economy and financial markets.
💵 The US Dollar Index (DXY) rose above 99.50, reaching around 99.65. ⚠️ Reason: Escalating tensions in the Middle East and increased demand for safe-haven assets. 🌍 The war and tensions between Israel and Iran prompted investors to buy the dollar. 🛢️ Rising oil prices also supported the dollar's strength. 📉 Conversely, weak US jobs data may limit the dollar's continued rise. Conclusion: Geopolitical tensions → 💵 Strong demand for the dollar → 📈 Dollar Index rises.
📊 S&P 500 futures fell more than 2% in Asian trading. ⚠️ Reason: Escalating tensions and the threat of war in the Middle East between Israel and Iran. 🛢️ Oil prices surged due to supply disruption concerns. 🌍 Investors worried about the impact of war on the global economy. 💵 Funds shifted to safe havens instead of stocks. Bottom line: War + Rising Oil = 📉 Strong pressure on US stocks.
Anyone who can hit the oil price peak And open a sell order And doesn't make at least $100,000 Is a fool because it's an opportunity that only comes around once every million years
🔴Attention Strongest bearish signal for gold. Will we see it open below $5,000 per ounce? Expect a sharp drop in gold at the opening tomorrow evening. Breaking | Trump: We have officially recognized the Venezuelan government and reached a historic agreement with them regarding gold.
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