Tag: U.S. Dollar (NYBOT:DX.M17.E)

Oil Falls As Oversupply Concerns Resurface

Posted on by The INO.com Team

Hello MarketClub members everywhere. Oil prices fell on Friday as oversupply concerns resurfaced and the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election.

MarketClub's Mid-day Market Report

After a two-week losing streak, the major indexes are on track to post weekly gains fueled by Thursday's rally, which was largely driven by Treasury Secretary Steven Mnuchin's comments that the Trump administration would unveil a tax reform plan very soon.

A steady stream of strong earnings through the week continued to bolster market sentiment.

Key levels to watch this week: Continue reading "Oil Falls As Oversupply Concerns Resurface" →

Market Looking To Break 3 Day Losing Streak

Posted on by The INO.com Team

Hello MarketClub members everywhere. The indexes are looking and pacing to snap a 3-day losing streak today with the big 3 all being in the green. This move comes on the heels of a relatively quiet holiday weekend where fears of geopolitical upheaval that never came to fruition.

Traders have turned their attention to a slew of corporate earnings this week, led off by Netflix and of course United Airlines, who both report after the close today.

MarketClub's Mid-day Market Report

Netflix Inc. (NASDAQ:NFLX) is expected to report earnings of .37 EPS according to analysts. That would be more than a 38% increase compared with the .6 ESP Netflix reported during the same quarter a year ago.

Analysts expect United Continental Holdings Inc. (NYSE:UAL) earnings per share to drop 69% to .38 EPS, this decline is a reflection of higher fuel costs. Revenue is expected to increase 2% to $8.379 billion.

Key levels to watch this week: Continue reading "Market Looking To Break 3 Day Losing Streak" →

Stocks Waver As Earnings Season Kicks Off

Posted on by The INO.com Team

Hello MarketClub members everywhere. The indexes are trading in a narrow range as the shortened trading week comes to an end and the big banks kicked off earnings season. The Dow is down 85 points, the S&P 500 and NASDAQ are little changed on the day.

Risk-off trades have been all the rage this week, with gold, Treasury's and the Japanese yen all tracking for gains.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Stocks Waver As Earnings Season Kicks Off" →

Geopolitical Risks Push Gold Higher

Posted on by The INO.com Team

Hello MarketClub members everywhere. As the geopolitics risks rise around the globe traders are heading for the traditional safe havens of gold and the yen. Both have rallied to five-month highs while Treasury note yields approached the lowest levels of the year.

Meanwhile the dollar has softened and oil has extended its winning streak to five days.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Geopolitical Risks Push Gold Higher" →

Mixed Employment Report Befuddles The Market

Posted on by The INO.com Team

Hello MarketClub members everywhere. The markets are flat heading into the close of trading today. The cause? The U.S. economy added 98,000 jobs last month vs. the expected gain of 180,000. Wage growth was not as strong either, with average hourly earnings up by 2.7 percent on an annualized basis. However, the unemployment rate fell to 4.5% from 4.7%.

Futures and Treasury yields slipped after the jobs report was released, with the 10-year note yield briefly dipping below 2.3 percent to hit its lowest level since late November.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Mixed Employment Report Befuddles The Market" →