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Technical Market Analysis

Fundamentals

Technical Market Analysis

US Dollar Index The chart below shows that the US dollar index broke below the previously mentioned support level of 97.39 last week, especially on Friday. As of this writing, it is barely holding above this level, indicating a clear weakness stemming from weak economic data that could prompt interest rate cuts. The likelihood of the US dollar index falling, or continuing to fall, to lower levels, reaching the first strong support at 95.96, has become stronger.
Before Wall Street Opens - Oracle Stock Jumps and Key Market Movers

Fundamentals

Before Wall Street Opens - Oracle Stock Jumps and Key Market Movers

Oracle : The company's shares jumped more than 30% in overnight trading, the largest daily jump since the 1990s, following strong growth forecasts for its cloud computing business. Although quarterly earnings were weaker than expected, investors focused on future revenue estimates, as the company forecasts strong growth in cloud infrastructure revenue this fiscal year .

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