At-a-Glance
Today’s Top Highlights
Markets are seeing a mix of results today while there was a good amount of data released that can affect the macro landscape. Traders saw the anticipated Fed Interest Rate Decision, where interest rates were left unchanged while still expecting 2 rate cuts to come before the end of the year. Along with that, the Initial Jobless Claims report came in better than expected, and equity markets are trading near unchanged on the session.
Crude Oil volatility has continued with the recent price surge from last week Friday after crossing over the 200-day moving average, which had acted as a ceiling in the market and will now be a key level if retested. The Crude volatility has also carried over to the Natural Gas market, and today marks 4 consecutive trading days with a higher high and a higher low, showing incredible strength. Traders will be paying attention to the tensions in the Middle East for more guidance on the near term price action for the energy markets.
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