Today the focus is on Boeing losing the Ryanair contract, Nvidia facing resistance in the EU, and oil slipping even further.
The US JOLTs Job Openings (MoM) for July will be released. Forecast: 10.000M. If the result is lower than predicted the USD could get a negative push.
Assets to trade: USD/JPY, USD/CAD, EUR/USD
Crude Oil continued to retreat on Wednesday, as Saudi’s Arabia cut on its price coincided with disappointing jobs data from the US. Affects Brent
The release of a report stating that the EU countries are opposing the Nvidia-ARM deal is setting turmoil in Nvidia’s stock price. Affects Nvidia
Boeing’s list of clients decreases even further after the biggest jet buyer in Europe, Ryanair, ended negotiations on the new contract. Affects Boeing
Exxon Mobil continues to work on its environmental image, as the company announced its plans to work on a gas certification to reduce methane emissions for its clients. Affects Exxon Mobil
JPMorgan committed more of its capital to the European junk bonds than ever before, a move that banks on the continued inflation and is considered risky. Affects JPMorgan
Exxon Mobil is showing promising results with its environmental goals, and it started to positively affect the company’s image and stock price.
The stock is currently in a narrowing price channel, and despite its downward movement, it is likely that it will break out upwards, reversing the current trend.
The index’s price is currently in a correction, though it is unlikely that it will reverse downwards momentum.
The precious metal is in a sharp fall, and will likely continue slipping today.