Oil prices could drop to the mid-$30s ‘in a hurry’ this autumn – marketwatch gold background images


Stock futures are showing that Wall Street’s gains may be running out of steam after Tuesday’s run, which is why investors will keep a close eye on the flurry of Federal Reserve officials coming our way today. Usd rupee exchange rate It wasn’t just the appearance of a win for Hillary Clinton at Tuesday’s debate that helped prop up stocks, but also the prospect of the Fed pushing out rate hikes to December.

When the central bank’s chief Janet Yellen testifies on Capitol Hill this morning, investors will be looking for her to “bridge the gap” between policy makers’ divided views, says Interactive Investor’s Rebecca O’Keefe.

In between Fed speakers and some economic data, oil may provide another distraction, though a meeting of big producers on the sidelines of an energy conference in Algiers isn’t expected to produce much


Oil prices have had an impressive run this year, nonetheless, with a whopping 21% year-to-date gain for WTI futures (on a continuous basis). Rs to us dollar However, our call of the day says the good times may be over soon, and it’s time to start booking those profits.

While stock futures are panting a little this morning, European stocks are running higher on a whiff of optimism over banks, particularly Deutsche Bank. Gold usd Since last night, we’ve had the lender’s chief denying that it needs any help on capital, a report that the German government is working on a rescue plan (in case it’s needed) and a denial from the German finance ministry of any such thing.

The market is fairly desperate that Deutsche Bank’s problems don’t morph into another crisis. 1 usd to rub Our chart of the day, though, shows that it’s not just one bank we need to watch in Europe. Put and call options examples Key market gauges

is up over 1% as the market has turned disappointment over the Algiers gathering to hopes that some kind of output deal will come at the November OPEC summit.

Durable-goods orders were flat in August, but core capital equipment orders saw the third-straight monthly gain. Adding binary numbers There’s a cluster of Fed speakers: St. Cnn money premarket futures Louis Fed President Jim Bullard, Chicago Fed President Charles Evans, Cleveland Fed Pres. Exchange rate pounds to us dollars Loretta Mester and Kansas City’s Esther George. Python print variable At 10 a.m. Flower tattoos Eastern, Fed Chairwoman Janet Yellen will testify on bank regulations. Free quotes for car insurance The call

Since late 2014, WTI crude prices have closely tracked U.S. Binary algorithm inventories (via the Energy Information Administration), which means rises in prices have matched falls in stockpiles, says Rohit Goel, in a contributing post.

However, this chart shows how the relationship has been diverging since February, he notes. Chf usd chart Higher inventories haven’t been denting crude’s rise.