Oil has been on a tear lately, but that has our call of the day worried, who says investors should look deeply at the reasons why the commodity has seen such...
It is a tricky call, as investors nervously await the unofficial start of first-quarter earnings on Friday and ahead of ‘Super Wednesday’, which will deliver crucial Brexit EU summit, an ECB policy announcement, as well as Fed minutes all in one day.“With U.S. – China trade talks over for now, the focus is shifting back toward Europe in more ways than one, that’s a reason to think any rally could be hard to come by,” said Jasper Lawler, head of research at LCG, in a note. The U.S.
“In this market where you’re seeing better news on the trade front, but no resolution and discussions around this shock event coming out of Libya, it all suggests you should take a bit of care before you set the tone of this thing [as] a new one-direction rally upward,” Smirk told Bloomberg Television. “It seems to be supported by a lot of one-off events.”
That report can sometimes hint at future moves across major assets, as it shows how big institutional traders and small speculators are positioned for each commodity futures category. The above shows “nonstop buying of crude oil stretched to a sixth week,” and combined net long positions on U.S. oil at the highest level since last November, noted Hansen.The market Dow US:YMH9 S&P 500 US:ESH9 and Nasdaq US:NQH9 futures are flat. Tuesday’s session saw the Dow DJIA, -0.
Netflix NFLX, -1.12% has reportedly postponed the release of feature film “Otherhood,” in the wake of star Felicity Huffman’s involvement in the college admission scandal. The tweet Congrats to new NCAA champs, Virginia, but too bad for one bold wager that would have paid out $300,000.— Virginia Men's Basketball April 9, 2019 Random reads ‘Bomb cyclone’ season—otherwise known as springtime in the RockiesA rare and deadly fungus has been spreading across the U.S.And #YachtCocaineProstitutes...
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