Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.
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The Nasdaq 100 continues to push to new heights as Treasury yields slip and earnings season approaches. While the outlook is encouraging, consolidation may be required before the next leg higher.
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The broader DXY Index is erasing gains to trade flat on the day as US Dollar price action pulls back from session highs following the release of June 15-16 Fed meeting minutes.
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Economic activity accelerates in June in Canada and rises for the fifth consecutive month, but the PMI data fails to boost the Canadian dollar.
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Crude oil has been bid up to fresh highs and buyers are threatening another breakout, with prices testing a key zone on long-term oil charts.
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Educ Arte Económico 