WTI Crude Oil prices crossed the $100 market for the first time since May 3rd on 3 catalysts ranging from the Federal Reserve’s announcement of an aggressive QE3 to the unrest in the Middle East and North Africa. September Crude Oil contracts traded as high as $100.42 before pull back under the $100 level to $99.50 on possible profit taking going into the weekend, however, remains well supported as tensions
Welcome to today’s Morning Coffee Break – The Federal Reserve decisively stepped off the sidelines with a stronger than expected new round of unlimited quantitative easing (QE3) sending U.S. markets rallying. Market participants are clearly satisfied with the FMOC’s move as U.S. futures are indicating an extension of yesterday’s rally.
Below are Wednesday’s trending equities ahead of the opening bell.
Below are Wednesday’s trending equities ahead of the opening bell.
The U.S. dollar continues to remain under pressure as the U.S. dollar index trades below the 80 level to 79.68 in anticipation of the Federal Reserve will begin its third round of monetary easing (QE3). Market participants are focusing on tomorrow’s statement from the FMOC scheduled for 12:30 a.m. ET.
Below are Wednesday’s trending equities ahead of the opening bell.
Breaking News from Moody’s Rating Agency.
Below are Tuesday’s trending equities ahead of the opening bell.
Do you have a market opinion or some market insight you want to share? Do you like to write or do research?
Well this week kicks off earnings season right in the middle of the euro zone storm and ahead Wednesday’s FOMC statement.
You must be logged in to post a comment.