News, Trends, & Analytics 08.09.2021

Oil Keeps Falling

Today the focus is on Boeing losing the Ryanair contract, Nvidia facing resistance in the EU, and oil slipping even further.



14:00 UTC

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


Technical Analysis

Exxon Mobil

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.

Dow Jones

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.

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