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Forex Today: US Stocks Advance To New Record
Article By:
Daily Forex
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Monday, November 1, 2021 6:45 AM EDT
Last Friday saw the main US stock index, the S&P 500, close at an all-time high above 4600. In early futures trading today, the price has continued to advance higher. It is likely that the price will continue to rise over the coming days.
The Commodities Feed: Growing Pressure On OPEC+
Article By:
ING Economics
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Monday, November 1, 2021 6:12 AM EDT
Having settled lower last week for the first time since early September, ICE Brent continues to trade lower in early morning trading in Asia. Part of the weakness probably reflects the growing pressure on OPEC+ to increase output more aggressively.
In this article: BNO, SOYB, WEAT, GLD, JJC (RETIRED), JJU (RETIRED), OIL, UNG
BTC/USD Forecast: Bullish Flag Before Weekend
Article By:
Christopher Lewis
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Monday, November 1, 2021 6:05 AM EDT
I think this is a market that will offer plenty of opportunities if you are simply patient enough to find a little bit of a pullback.
In this article: BITCOMP
Bitcoin Holding Ground
Article By:
Simon Peters
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Monday, November 1, 2021 5:46 AM EDT
Bitcoin appears to be holding its ground after another week spent mostly to the north of $60,000. Having quickly retreated from its all-time high on October 21, it opened last week at $60,855 and closed slightly higher at $61,356.
Goldman Capitulates, Pulls Forward Date Of First Rate Hike By One Full Year To July 2022
Article By:
Tyler Durden
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Monday, November 1, 2021 5:32 AM EDT
Goldman believes that the FOMC will announce the start of tapering next week, presumably at the $15bn per month pace noted in the September minutes.
In this article: GS
Two Trades To Watch: EUR/USD, Barclays
Article By:
Fiona Cincotta
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Monday, November 1, 2021 5:15 AM EDT
EURUSD looks to yearly low, German retail sales tumble. Barclays falls as CEO unexpectedly steps down.
Major US Equity Indices Up Huge Jan-Oct – Momentum Strong, Too Early For Seasonality
Article By:
Paban Pandey
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Monday, November 1, 2021 5:00 AM EDT
There are still two months left before the year is out. It is a little too early for the seasonality factor to kick in fully. It is possible stocks weaken, hold support and then rally. In this scenario, shorts could decide how far it goes.
Forget COP26, The G20 Still Struggles To Meet COP15 And COP09
Article By:
Mish Shedlock
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Monday, November 1, 2021 4:33 AM EDT
The top 20 group of nations is still fighting over the Paris accord reached in COP15.
S&P 'Gravestone Doji' Negated - Index Rallies Continue
Article By:
Declan Fallon
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Monday, November 1, 2021 4:15 AM EDT
Friday maintained the good form of indices, the S&P did particularly well as it finally cleared the spike high and managed to register an accumulation day by the close of business.
GBP/USD Price Vulnerable Under 1.37 Amid Firm USD, Brexit Concern
Article By:
Yohay Elam
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Monday, November 1, 2021 4:00 AM EDT
Trying to regain a foothold after Friday’s hard hit, the GBP/USD price is under pressure below 1.3700. However, as the US dollar continues to strengthen and Brexit risks loom, the bears remain in control.
Zillow Caught Holding The Bag As 93% Of Phoenix 'Flipping' Portfolio Listed At Loss
Article By:
Tyler Durden
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Monday, November 1, 2021 3:29 AM EDT
We reported that Zillow's electronic house flipping operation had been underperforming -- as the real estate company had been buying houses at inflated prices and flipping them for a loss. In Phoenix, Arizona, things are worse than we thought.
