Testing Intraday Base as Massive AI Backing Drives Long-Term Focus
Levels for Friday, September 4, 2026
Previous trading session: Friday, September 4, 2026
Previous High: $234.72 | Previous Low: $229.80 | Previous Close: $230.36
Support from Friday:
S1: $230.14 | S2: $229.80 | S3: $228.45
Resistance from Friday:
R1: $231.54 | R2: $233.32 | R3: $234.72
News:...
UpCoin MediaGovernment & Policy · 5m
Trump Pressures Fed on Rate Cuts With Trade Halt Threat
Donald Trump warned he could halt trade with deficit partners unless the Federal Reserve cuts interest rates, tying trade policy directly to central bank decisions.
Why it matters:
This could put pressure on multinational corporations, retail importers, auto makers, and tech hardware firms that...
UpCoin MediaU.S. Economy & Fed · 12m
Trump Names Kevin Warsh as Next Fed Chair Nominee
President Donald Trump announced he intends to nominate former Federal Reserve official Kevin Warsh to succeed Jerome Powell as Fed Chair when Powell's term ends in May. The appointment requires Senate confirmation.
Why it matters:
A leadership shift can alter interest rate expectations. Higher...
Cybercab Reaction Weighs as Price Consolidates Near Midrange
Levels for Friday, September 4, 2026
Previous trading session: Friday, September 4, 2026
Previous High: $360.27 | Previous Low: $351.61 | Previous Close: $354.08
Support from Friday:
S1: $353.50 | S2: $352.10 | S3: $351.61
Resistance from Friday:
R1: $355.50 | R2: $358.30 | R3: $360.27
News:...
UpCoin MediaGovernment & Policy · 45m
Sheriffs Drop CLARITY Act Opposition: What Traders Should Watch Before the Senate Vote
The National Sheriffs' Association shifted its official stance on the CLARITY Act from active opposition to neutral, removing a key law enforcement roadblock ahead of a potential Senate floor vote on crypto regulation.
Why it matters:
This shift could benefit digital asset exchanges, custodians,...
UpCoin MediaEnergy & Commodities · 2h
Oil Surges on Kuwait Attacks and Strait of Hormuz Supply Fears
Brent crude climbed above $97 a barrel and WTI reached $92.39 after Iranian missile strikes hit Kuwait and tanker traffic collapsed in the Strait of Hormuz.
Why it matters:
Higher oil directly boosts revenue potential for energy producers and oilfield services. However, rising fuel costs threaten...
UpCoin MediaGovernment & Policy · 2h
White House Meatpacking Orders Put Processing Margins in Focus
The White House issued two executive actions to support independent livestock ranchers, strengthen competition, and broaden market access for American meat producers.
Why it matters:
This could help independent ranchers and regional processors through guaranteed loan programs and interstate sales...
UpCoin MediaCompanies & Industries · 2h
Adobe Names Anil Chakravarthy as CEO Ahead of Q3 Earnings
Adobe appointed Anil Chakravarthy as its new President and CEO, effective December 1, 2026. Shantanu Narayen will step down after roughly two decades to become Executive Chair. Adobe shares traded down over 1% overnight following the update.
Why it matters:
The leadership change lands right before...
BeyondSpring Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.65
Low: $0.60
Close: $0.62
Support:
$0.60 | $0.62
Resistance:
$0.63 | $0.65
Why these levels matter:
Intraday trading showed steady buyer support at the $0.60 low while repeated tests stalled near the...
UpCoin MediaWorld & Geopolitics · 2h
Fresh U.S.-Iran Strikes Lift Crude to Five-Week Highs
The U.S. Central Command struck Iranian radar targets overnight, prompting Iranian ballistic missile retaliation toward Jordan. Simultaneously, an attack on an oil tanker in the Strait of Hormuz left two crew members dead, alongside a reported strike on a Saudi tanker.
Why it matters:
Crude oil...
UpCoin MediaWorld & Geopolitics · 2h
Middle East Escalation Pushes Brent Past $90: What Traders Need to Know
The U.S. military completed strikes on Iranian radar targets, followed by Iranian missile launches at a U.S. base in Jordan and fatal tanker attacks near the Strait of Hormuz. Overnight, Brent crude climbed above $90 per barrel.
Why it matters:
Higher crude prices may benefit oil producers,...
Cenntro Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $4.34
Low: $4.01
Close: $4.29
Support:
$4.01
Resistance:
$4.34
Why these levels matter:
The intraday action defined a firm bottom at $4.01 while late-day strength pushed price toward the $4.34 high.
Bottom...
UpCoin MediaWorld & Geopolitics · 2h
Strait of Hormuz Tanker Attacks Push Oil Higher While Futures Slide
An oil tanker was struck in the Strait of Hormuz, killing two crew members, according to UKMTO. The incident followed a separate strike on the Saudi tanker Sidr, while crude oil prices climbed and U.S. stock futures fell overnight.
Why it matters:
Rising oil prices could lift energy exploration...
MMTec, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $4.40
Low: $3.88
Close: $4.36
Support:
$3.88 | $4.00
Resistance:
$4.40
Why these levels matter:
Buyers defended the opening drop at $3.88 and supported consolidation around $4.00 before pushing toward the $4.40...
Cyngn Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.97
Low: $0.88
Close: $0.90
Support:
$0.88 | $0.90
Resistance:
$0.95 | $0.97
Why these levels matter:
Intraday consolidation held firm near $0.90 after testing the $0.88 low, while rallies repeatedly stalled...
UpCoin MediaU.S. Economy & Fed · 2h
Jobs Surge Lifts Rate Hike Odds: How to Trade the Yield Jump
The U.S. economy added 162,000 jobs in August, far beating the 56,000 estimate. The strong data pushed odds of a September Federal Reserve rate hike to roughly 52%, sending the 10-year Treasury yield up to 4.79%.
Why it matters:
Higher rates raise borrowing costs, which can hurt technology and...
Genius Group Limited Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.19
Low: $0.18
Close: $0.18
Support:
$0.18
Resistance:
$0.19
Why these levels matter:
The $0.18 level acted as consistent base support throughout the afternoon, while overhead offers remained firm at...
Cosmos Health Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.28
Low: $0.26
Close: $0.27
Support:
$0.26
Resistance:
$0.28
Why these levels matter:
Price held steady around $0.27 support and base levels following morning lows of $0.26, while the $0.28 level capped...
Phunware, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $2.09
Low: $2.07
Close: $2.08
Support:
$2.07
Resistance:
$2.09
Why these levels matter:
Trading remained tightly bound between morning support at $2.07 and the session high resistance at $2.09.
Bottom line:...
Inhibikase Therapeutics, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $2.55
Low: $2.48
Close: $2.50
Support:
$2.48
Resistance:
$2.52 | $2.55
Why these levels matter:
The $2.48 level formed a firm floor through the afternoon while earlier advances stalled out...
Genius Group Limited Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.19
Low: $0.18
Close: $0.18
Support:
$0.18
Resistance:
$0.19
Why these levels matter:
Price held a narrow channel with continuous support at $0.18 and repeated intraday resistance at $0.19.
Bottom...
AudioEye, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $7.62
Low: $7.21
Close: $7.61
Support:
$7.21 | $7.42
Resistance:
$7.62
Why these levels matter:
After holding morning support above $7.21 and consolidating around $7.42, price rallied into the close to...
Cosmos Health Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.28
Low: $0.26
Close: $0.27
Support:
$0.26
Resistance:
$0.27 | $0.28
Why these levels matter:
Trading remained tightly bound with solid buyer defense at $0.26 and ongoing resistance at $0.27.
Bottom...
Immutep Limited Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.37
Low: $0.36
Close: $0.36
Support:
$0.36
Resistance:
$0.37
Why these levels matter:
Price held steady along support at $0.36 for most of the session after stalling at resistance of $0.37 during morning...
Gevo, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $1.65
Low: $1.60
Close: $1.64
Support:
$1.60 | $1.62
Resistance:
$1.65
Why these levels matter:
The $1.61 to $1.62 range served as midday consolidation support before a late-day push toward the $1.65 session high....
Top Ships Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.78
Low: $0.72
Close: $0.73
Support:
$0.73 | $0.72
Resistance:
$0.76 | $0.78
Why these levels matter:
The stock drifted from its early $0.78 peak and found afternoon support in the $0.72 to $0.73 range....
Alpha Pro Tech, Ltd. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $5.45
Low: $5.29
Close: $5.36
Support:
$5.35 | $5.29
Resistance:
$5.42 | $5.45
Why these levels matter:
After holding early support at $5.29, buying momentum stalled along the $5.42 to $5.45 resistance...
PAVmed Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $5.38
Low: $4.94
Close: $5.28
Support:
$5.18 | $4.94
Resistance:
$5.28 | $5.38
Why these levels matter:
Shares rallied off the $4.94 baseline to establish support around $5.18 before testing upper resistance near...
Sintx Technologies, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $1.69
Low: $1.51
Close: $1.63
Support:
$1.55 | $1.51
Resistance:
$1.63 | $1.69
Why these levels matter:
Price steadily climbed from the morning low of $1.51 with support around $1.55 before finding...
SoundHound AI, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $6.78
Low: $6.62
Close: $6.74
Support:
$6.63 | $6.66
Resistance:
$6.72 | $6.78
Why these levels matter:
The midday trough found stable support at $6.63 before late-session buying pushed back toward...
INmune Bio Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $2.44
Low: $2.24
Close: $2.44
Support:
$2.29 | $2.35
Resistance:
$2.39 | $2.44
Why these levels matter:
Buyers built solid support along the $2.35 plateau before pushing the stock to test resistance at $2.44....
Bone Biologics Corporation Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.58
Low: $0.54
Close: $0.57
Support:
$0.54 | $0.56
Resistance:
$0.58
Why these levels matter:
Buyers defended the $0.54 low to establish support at $0.56, while the previous peak of $0.58 serves...
Vistagen Therapeutics, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $0.25
Low: $0.24
Close: $0.24
Support:
$0.24
Resistance:
$0.25
Why these levels matter:
Price held firmly at the $0.24 support area while meeting consistent resistance at the $0.25 level...
Globus Maritime Limited Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $3.76
Low: $3.61
Close: $3.69
Support:
$3.63 | $3.66
Resistance:
$3.70 | $3.76
Why these levels matter:
Support formed between $3.63 and $3.66 following a morning decline, while the $3.70 ceiling...
Northern Dynasty Minerals Ltd. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $1.50
Low: $1.46
Close: $1.47
Support:
$1.47 | $1.48
Resistance:
$1.49 | $1.50
Why these levels matter:
The price spent the afternoon anchored at the $1.47 support level after pulling back from...
Atossa Therapeutics, Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $2.60
Low: $2.50
Close: $2.52
Support:
$2.50 | $2.51
Resistance:
$2.55 | $2.60
Why these levels matter:
The $2.50 level served as a firm base of support while intraday rallies stalled below $2.60....
Ondas Inc. Previous-Day Levels
Previous session:
Friday, September 4, 2026
High: $7.68
Low: $7.48
Close: $7.62
Support:
$7.51 | $7.55
Resistance:
$7.61 | $7.68
Why these levels matter:
Intraday trading established solid buyer support around $7.51 while the morning high of $7.68 capped upward...
UpCoin MediaWorld & Geopolitics · 2h
Overnight Middle East Strikes Lift Crude: What It Means for Your Trades
The U.S. military hit rebuilt Iranian radar targets overnight, prompting Iranian missile fire into Jordan and a deadly attack on the Saudi oil tanker Sidr in the Strait of Hormuz. Crude oil gained ground as tanker routes faced new threats.
Why it matters:
Rising oil benefits energy exploration...
UpCoin MediaEnergy & Commodities · 2h
Crude Hits Six-Week High as Strait of Hormuz Closes
Crude oil jumped to a six-week high overnight, posting its steepest weekly gain since mid-July. Escalating U.S.-Iran conflict effectively shut commercial shipping through the Strait of Hormuz, while Israel threatened Iranian energy sites.
Why it matters:
Oil producers and exploration firms may...
UpCoin MediaWorld & Geopolitics · 3h
Russian Oil Revenues Sink: How Traders Should Play the Refinery Squeeze
Russian oil and gas revenues dropped to a six-month low of 424 billion rubles in August 2026. Lower Urals crude prices and Ukrainian drone strikes on domestic refineries drove the decline, alongside 304.6 billion rubles in state fuel subsidies.
Why it matters:
Disrupted Russian refining tightens...
CURRENC Group Inc.: Previous-Day Levels to Watch
Previous session:
Friday, September 4, 2026
High: $3.39 | Low: $3.21 | Close: $3.29
Support from Friday:
$3.28 | $3.25 | $3.21
Resistance from Friday:
$3.31 | $3.33 | $3.39
News:
No major company-specific catalysts or SEC filings were announced...
Petco Health and Wellness Company, Inc.: Previous-Day Levels to Watch
Petco Health and Wellness Company, Inc.: Previous-Day Levels to Watch
Previous session:
Friday, September 4, 2026
High: $2.73 | Low: $2.51 | Close: $2.70
Support from Friday:
$2.68 | $2.60 | $2.51
Resistance from Friday:
$2.71 | $2.73
News:
There is no major new company announcement behind...
Ambev S.A.: Previous-Day Levels to Watch
Previous session:
Friday, September 4, 2026
High: $3.06 | Low: $3.01 | Close: $3.02
Support from Friday:
$3.01
Resistance from Friday:
$3.04 | $3.05 | $3.06
News:
No major company-specific news. Ambev remains sensitive to Latin American consumer...
JetBlue Airways Corporation: Previous-Day Levels to Watch
JetBlue Airways Corporation: Previous-Day Levels to Watch
Previous session:
Friday, September 4, 2026
High: $4.70 | Low: $4.61 | Close: $4.63
Support from Friday:
$4.62 | $4.61
Resistance from Friday:
$4.66 | $4.67 | $4.70
News:
No major company-specific catalysts or SEC filings were announced...
Gerdau S.A.: Previous-Day Levels to Watch
Previous session:
Friday, September 4, 2026
High: $5.03 | Low: $4.95 | Close: $4.97
Support from Friday:
$4.96 | $4.95
Resistance from Friday:
$4.99 | $5.01 | $5.03
News:
No major company-specific catalysts. Gerdau's price movement continues to track...
Previous High: $186.74 | Previous Low: $183.18 | Previous Close: $184.64
Support: $183.18 | $183.95 | $184.33
Resistance: $185.12 | $185.79 | $186.74
News:
No major company-specific news today.
Today:
Price attempted a midday run to $186.32 before fading into the close at $184.64. If selling...
Previous High: $617.02 | Previous Low: $607.50 | Previous Close: $616.77
Support: $607.50 | $610.00 | $613.59
Resistance: $616.35 | $616.88 | $617.02
News:
No major company-specific news today.
Today:
Buyers mounted an aggressive late-day rally from $608.99 to close at $616.77, right near the...
Hovering at Lows Following Steady Intraday Decline
Previous High: $506.90 | Previous Low: $499.68 | Previous Close: $499.70
Support: $499.68 | $499.00
Resistance: $500.28 | $500.96 | $501.99 | $506.90
News:
No major company-specific news today.
Today:
Selling was steady throughout the day after touching an early peak of $506.90, driving price...
Previous High: $259.95 | Previous Low: $255.51 | Previous Close: $258.51
Support: $257.20 | $256.57 | $255.51
Resistance: $259.00 | $259.95
News:
No major company-specific news today.
Today:
After touching a low of $255.51 in the morning, buyers took charge and pushed the close to $258.51. If...
Previous High: $178.01 | Previous Low: $173.86 | Previous Close: $174.33
Support: $174.21 | $173.86
Resistance: $174.80 | $175.93 | $176.54 | $178.01
News:
No major company-specific news today.
Today:
Price drifted down through the afternoon, closing at $174.33 near the low of the day. If...
Consolidating Above Support Following Morning Drop
Previous High: $327.18 | Previous Low: $318.44 | Previous Close: $319.97
Support: $319.29 | $318.44
Resistance: $320.72 | $321.99 | $324.21 | $327.18
News:
No major company-specific news today.
Today:
Price dropped sharply from the open high of $327.18 before consolidating around $321.00 and...
Previous High: $360.27 | Previous Low: $351.61 | Previous Close: $354.08
Support: $353.21 | $352.03 | $351.61
Resistance: $355.53 | $358.28 | $360.27
News:
No major company-specific news today.
Today:
After sliding to $351.61 around midday, buyers defended support and pushed the close to...
Previous High: $234.72 | Previous Low: $229.80 | Previous Close: $230.36
Support: $230.14 | $229.80
Resistance: $230.96 | $232.46 | $233.32 | $234.72
News:
No major company-specific news today.
Today:
Price slipped steadily from the morning peak of $234.72 and closed near the day's low at...
UpCoin Media@UpCoinMedia · 6h
U.S. Targets Iran Banking Ties in Türkiye as Enforcement Expands
The U.S. Department of the Treasury officially announced actions to sever Iranian financial lifelines in Türkiye on September 4, 2026. This expands on earlier measures under 'Operation Economic Outcast' targeting Iranian access to UAE banks.
Why it matters:
Tightening sanctions could support...
UpCoin Media@UpCoinMedia · 7h
Oil Nears $100 on Hormuz Conflict: What It Means for Your Trades
Renewed U.S.-Iran military strikes have escalated tensions across the Strait of Hormuz, pushing crude up more than 10% this week. Brent crude is approaching $96 to $100 per barrel, while WTI trades above $91.
Why it matters:
Higher oil directly increases costs for airlines, shipping companies, and...
UpCoin Media@UpCoinMedia · 8h
NVIDIA Buys Hugging Face for $12.9 Billion to Expand AI Reach
NVIDIA agreed to buy AI developer platform Hugging Face for $12.9 billion. Shares rose 1.8% following the announcement.
Why it matters:
This deal could benefit artificial intelligence, semiconductor, and cloud software sectors by expanding NVIDIA's software ecosystem. Alternative AI developer...
UpCoin Media@UpCoinMedia · 10h
Trump Signs Bill Averting Shutdown Ahead of Midterms
President Trump signed a funding bill passed by Congress to avert a federal government shutdown ahead of midterm elections. Separately, the House approved a measure targeting university boycotts of Israel.
Why it matters:
This removes immediate disruption risks for defense contractors and federal...
UpCoin Media@UpCoinMedia · 15h
Oil Jumps Above $96 on Middle East Conflict: What Traders Need to Know
Brent crude climbed above $96 a barrel and WTI topped $92 following retaliatory strikes by Iran and signals of escalation from Israel. Despite rising energy costs, major U.S. stock index futures showed modest gains as bond yields eased.
Why it matters:
Higher crude prices can benefit energy...
UpCoin Media@UpCoinMedia · 16h
Market Faces Tug-of-War Between AI Growth and New Trade Barriers
Global markets are navigating a complex morning as new U.S. import tariffs clash with a massive surge in demand for AI hardware. While South Korea reported that semiconductor exports tripled year-over-year, signaling a strong AI-driven tech cycle, the Trump administration’s new import tariffs are...
UpCoin Media@UpCoinMedia · 17h
Gold Hits Record Highs as Oil Markets Brace for OPEC Meeting
Gold prices reached approximately $4,500 per ounce on Friday, September 4, 2026, following dovish signals from Federal Reserve Governor Christopher Waller. Meanwhile, Brent crude remains near $95.52 and WTI near $91.02 per barrel as U.S.-Iran military exchanges disrupt supply in the Strait of...
UpCoin Media@UpCoinMedia · 17h
Geopolitical Tensions Drive Oil Prices Higher
Overnight, Brent crude rose 1.6% to $73.10 and WTI rose 1.5% to $69.60 following new attacks on vessels near the Strait of Hormuz. While Israel released five Lebanese detainees in a U.S.-mediated move, the market is currently prioritizing the risk of supply disruptions in the Middle East over...
UpCoin Media@UpCoinMedia · 17h
Fed Governor Waller Shifts Rate Odds to Coin Flip Ahead of Jobs Report
Fed Governor Christopher Waller signaled overnight that he prefers holding interest rates steady if inflation continues to cool. He downplayed today’s 8:30 AM ET jobs report, suggesting next week’s inflation data carries more weight. This shifted September rate hike odds to a 50/50 coin flip. Why...
UpCoin Media@UpCoinMedia · 18h
Broadcom Shares Slip Despite Record AI Revenue Growth
Broadcom reported its third-quarter fiscal 2026 results on September 2, 2026. Revenue rose 86% to $29.6 billion, driven by a 221% surge in AI semiconductor sales. Despite these records, shares declined in extended trading as investors reacted to restrained guidance and software performance.
Today:...
UpCoin Media@UpCoinMedia · 18h
U.S. Pushes Hands-Off AI Rules at G-20
The U.S. government is formally urging G-20 nations to avoid creating new regulatory bodies for artificial intelligence. By advocating for a hands-off approach, the U.S. aims to prevent rules that could slow down innovation. This effort includes testimony from industry leaders like Nvidia CEO...
UpCoin Media@UpCoinMedia · 19h
Oil Prices Hold Steady Despite Iranian Attacks on Kuwait
Iran launched missiles and drones at Kuwait overnight, but Kuwaiti forces intercepted the attack. Despite the escalation, Brent crude fell slightly to $95.52 and WTI settled at $91.01. Traders are weighing geopolitical risks against a 4.5 million barrel drop in U.S. crude stocks and steady oil...
UpCoin Media@UpCoinMedia · 19h
Strait of Hormuz Conflict Escalates as Peace Deal Collapses
A tanker was struck in the Strait of Hormuz on Saturday, following an attack on a cargo ship Thursday. The U.S. and Iran have traded retaliatory strikes, ending a two-week-old peace deal. Iran is now attempting to control this waterway, which handles 20% of global energy flows.
Why it matters:...
UpCoin Media@UpCoinMedia · 19h
U.S. Markets Wait for Jobs Data as Yields Ease
U.S. stocks are gaining in pre-market trading as the 10-year Treasury yield retreats to 4.784%. This follows a sharp 400-point drop for the Dow and news that the U.S. trade gap hit a 16-month high.
Why it matters:
Falling yields lower borrowing costs. This helps technology and growth stocks but...
UpCoin Media@UpCoinMedia · 20h
Yen Surge and Record Gold Signal Defensive Shift
The Japanese yen jumped 1.5% to a one-month high of 156.36 per dollar overnight as traders bet on a Bank of Japan interest rate hike. Meanwhile, gold prices broke past $4,500 per ounce, signaling a flight to safety. While Japan’s Nikkei 225 closed up 1.4%, U.S. equity futures remained flat leading...
UpCoin Media@UpCoinMedia · 20h
U.S. Strikes on Iran Push Oil to $90 While Treasury Targets Private Schools
U.S. crude oil prices reached $90 per barrel overnight following military strikes against Iran. Simultaneously, the Treasury Department proposed ending tax-exempt status for private schools using discriminatory practices, affecting up to 18,000 institutions.
Why it matters:
Higher oil helps U.S....
UpCoin Media@UpCoinMedia · 21h
Energy Markets React to Middle East Escalation
Oil prices are holding near $96 for Brent and $91 for WTI following overnight military escalations in the Middle East. Kuwaiti air defenses intercepted Iranian missiles, and shipping traffic through the Strait of Hormuz has dropped to six vessels, down from a 10-day average of 13. Meanwhile, U.S....
UpCoin Media@UpCoinMedia · 21h
Geopolitical Tensions Balance Against Easing Oil Prices
U.S. military strikes targeted Iranian assets overnight, but oil prices have started to retreat from recent peaks above $95 per barrel. Meanwhile, Venezuela’s National Assembly officially backed a major oil deal with the U.S. involving 65 billion barrels of reserves. Despite these developments,...
UpCoin Media@UpCoinMedia · 21h
Markets Brace for Jobs Report as Labor Data Holds Steady
U.S. initial jobless claims for the week ending August 29 were reported at 206,000, a slight increase from the previous week's revised 204,000. Continuing claims also rose to 1,779,000. While these figures show a stable labor market, the focus has shifted entirely to the August Non-Farm Payrolls...
UpCoin Media@UpCoinMedia · 22h
Markets Hold Steady Ahead of Friday Jobs Report
The 10-year Treasury yield eased to 4.784% overnight, while the U.S. Dollar Index slipped slightly to 99.545. Investors are now in a holding pattern as they wait for Friday's nonfarm payrolls report, which will provide a critical update on the labor market.
Why it matters: The Federal Reserve is...
UpCoin Media@UpCoinMedia · 22h
Fed Governor Waller Signals Potential Rate Hold
Federal Reserve Governor Christopher Waller stated he would support keeping interest rates steady if inflation continues to cool. However, he warned he would support a hike if upcoming data is "hot." Following his speech, the market's predicted chance of a September rate hike fell from 63% to 54%....
UpCoin Media@UpCoinMedia · 22h
Markets Brace for Friday Jobs Report
Wall Street softened overnight as investors prepare for the U.S. monthly employment report due Friday at 7:30 AM ET. Economists expect 55,000 new jobs, with unemployment holding at 4.1% and hourly wages rising 0.3%.
Why it matters: If job growth or wage increases beat these forecasts, traders may...