Results via oilprice.com on X:Expectations ahead of the release that I could see was:Headline crude -2.4mlnDistillates +0.5mn bblsGasoline +1.0 mnThis data point is from a privately-conducted survey by the American Petroleum Institute (API).It's a survey of oil storage facilities and companiesThe official report from the EIA is due Wednesday morning US time.The two reports are quite different. This article was written by Arno V Venter at investinglive.com.

The broader stock indices came under pressure today with the S&P index, and the NASDAQ index leading the way to the downside. The Dow Industrial Average closed marginally higher. The Russell 2000 of small-cap stocks also fell.A snapshot of the closing levels shows:Dow Industrial Average rose 10.57 points or 0.02% at 44922.39S&P index fell -37.70 points or -0.58% at 6411.45NASDAQ index fell -314 points or -1.46% at 21314.95Chip stocks came under pressure with the exception of Intel as the government works out a deal for swapping the Chips Act funds for equity. Intel also sold $2 billion of stock to SoftBank. Despite the dilution, the market is cheering on the confidence by both the government and SoftBank in the company's fortunes (TBD). Intel's shares rose 6.97%Other chips stocks did not fare as well:Broadcom -3.55%Nvidia -3.55%AMD -5.44%Taiwan Semiconductor -3.16%ASML -0.53% Micron -1.51%The NASDAQ index closed just below its 100-hour moving average at 21333.30 (the moving averages moving modestly to the upside). That is a short-term bearish tilt but tomorrow will be a key from a technical perspective. The 200 hour moving average is currently at 21123.54.Looking at the different S&P sectors it wasn't all bad today. In fact 7 of11 sectors gained. Real estate rose by 1.8% and consumer Staples by 1.0%. Utilities rose by 0.83% and Healthcare also advanced nicely with a gain of 0.62%. Below are the winners and losers by sector.Information Technology (S5INFT): -1.88%Telecom Services (S5TELS): -1.16%Consumer Discretionary (S5COND): -0.38%Energy (SPN): -0.19%Industrials (S5INDU): +0.19%Financials (SPF): +0.17%Materials (S5MATR): +0.53%Health Care (S5HLTH): +0.62%Utilities (S5UTIL): +0.83%Consumer Staples (S5CONS): +1.00%Real Estate (S5REAS): +1.80% This article was written by Greg Michalowski at investinglive.com.

Bloomberg reported that Mexico will propose reinstating a North American steel committee.The aim is to improve trade ties with the US. This article was written by Arno V Venter at investinglive.com.

The NASDAQ index continues to come under pressure, currently down 347 points or -1.60%. The decline has pushed the index back below its 100-hour moving average at 21,331.91. Trading under this level shifts the short-term bias to the downside and raises concern that further selling could unfold.Looking back to August 1 (the US employment report), a similar break below the 100-hour moving average led to a sharp drop toward the 200-hour moving average (green line). While momentum did stall on that move and the index ultimately closed back above the level, the pattern highlights the importance of this technical support zone. .At present, the 200-hour moving average comes in at 21,119.99. This level now stands as the next key target for sellers. A firm move below it would add to the bearish bias, opening the door for additional downside momentum in the days ahead.Traders will be focused on the close. Do we get bounce and close back above the 100 hour moving average, or do we keep the pressure on and have traders looking toward the 200 hour moving average in tomorrow's trading day?Looking ahead, the focus shifts to the Jackson Hole Summit on Friday, where Fed Chair Powell is expected to deliver his policy outlook. Powell has not spoken publicly since before the August 1 jobs report, making this appearance especially significant. Markets are currently pricing in an 83% chance of a Fed rate cut, but a more hawkish tone could unsettle sentiment, at least in the near term.On the technical side, the 200-hour moving average serves as the first key support. A break below it would expose the 38.2% retracement of the move up from the June 23 low at 20,864.09. Further weakness could then bring the 50% midpoint of that same rise into play near 20,573.83, which also roughly aligns with the August 1 low.A move to this dual support level would mark about a 4.25% decline from the all-time high set on August 12, underscoring the potential for deeper corrective pressure if sellers remain in control. This article was written by Greg Michalowski at investinglive.com.

HMMM.Fed's Bowman is a saying:"De Minimis" crypto holdings would allow Fed staff to better understand products.Fed staff should be allowed to own small amounts of crypto products.Limits on Fed staff investment activities may enter recruiting and retaining expert examinersI guess...Bowman does not talk on monetary policy or the economy. This article was written by Greg Michalowski at investinglive.com.

The White House Press Secretary is a saying that Putin agreed to the next step in the peacemaking process. That has been hinted at already.The earlier expectations were that Putin and Ukraine's Zelenskyy would conduct a bilateral meeting. That would lead to a trilateral meeting with the US. According to the White House, Sec. State Rubio, VP Vance and US envoy Witkoff would coordinate with Ukraine.More details: US can help coordination of security guarantees for Ukraine.Trump directed national security team to coordinate with Europe.US boots will not be on the ground.Putin apparently offered to have the meeting in Moscow. The White House is reportedly eyeing Budapest, Hungary for the peace talks. This article was written by Greg Michalowski at investinglive.com.

The Reserve Bank of New Zealand (RBNZ) is widely expected to cut its official cash rate by 25 basis points to 3.0% at its upcoming policy meeting in the new trading day. A Reuters poll conducted between August 11–14 found 28 of 30 economists anticipating the move, with only two expecting no change. The central bank last held rates at 3.25% in July, signaling a readiness to ease if inflation remained subdued. With annual inflation slowing to 2.7% in the June quarter — within the RBNZ’s 1–3% target range — and unemployment climbing to 5.2%, the highest since late 2020, the case for further policy support has strengthened.Economists generally view the cut as part of the final phase of the RBNZ’s easing cycle (or near it). The median forecast points to an additional cut to 2.75% in Q1 2026, slightly earlier than previously projected in July. So far, the central bank has cut the rate from 5.5% to the current 3.25%.With the market expecting a cut, much will revolve around the RBNZ tone and forward guidance. If the RBNZ signals that this might be the stall point, we could see a rebound to the upside. Conversely, if the door remains open due to concerns about tariffs and higher unemployment/lower inflation, the price has room to roam.Looking at the 4-hour chart, the pair has largely traded between 0.5845 and 0.6087 (see red box) since April. In recent weeks, however, the technical picture has turned more negative. Apart from a few brief spikes higher last week that temporarily pushed the price above the falling 200-bar moving average on the 4-hour chart, the pair has remained capped by that level, reinforcing it as a strong technical ceiling.The downside bias has been reinforced by the price holding below both the 100-day moving average and the 100-bar moving average on the 4-hour chart this week. Sellers remain in control as long as the pair stays below these levels.On the downside, the next support zone comes in at 0.5877–0.5882. A break beneath that area would open the door for a test of the broader swing area between 0.5845 and 0.5860, which marks the lows going back to mid-April.Key Technical Levels:Resistance: 100-bar MA at 0.5932 (4H chart), 200-bar MA at 0.59639 (4H chart), 100-day MA at 0.59713Support: 0.5877–0.5882 (near-term), 0.5845–0.5860 (swing area / mid-April l This article was written by Greg Michalowski at investinglive.com.

The USDJPY is once again pressing lower, and for the third time today is retesting its 200-hour moving average, now at 147.536. Earlier in the European session, the pair touched this level and bounced. It was tested again in the U.S. morning session, producing another rebound. Now, with a third test underway, traders are watching closely to see if buyers can continue to hold the line.A decisive break below the 200-hour moving average would shift attention to the 100-hour moving average at 147.349. A move through that level should open the door for increased downside momentum, with the next target at 147.07, yesterday’s low. Breaking below there would expose a broader support zone between 146.61 and 146.729 (see red circles on the chart).For now, buyers are holding, but pressure is clearly building — making this a pivotal point for the pair’s short-term direction.Key Technical Levels (USDJPY):Resistance: 147.95–148.166 (swing area), 148.00 (psychological)Current support test: 200-hour MA at 147.536Next supports:100-hour MA at 147.349Yesterday’s low at 147.07Wider support zone at 146.61–146.729 two This article was written by Greg Michalowski at investinglive.com.

While the NASDAQ index tumbles by -1.13% and the S&P is down near -0.50%, the European indices moved higher today in a investment shift: German DAX, rose 0.45%France's CAC, rose 1.21%UK's FTSE 100 rose 0.34%Spain's Ibex rose 0.34%Italy's FTSE MIB rose 0.89%France's CAC is trading at the highest level going back to March 2025. The UK FTSE 100 closed at a new record level. It closed today at 9189.23. Spain's Ibex closed at a new 17 1/2 year high and Italy's FTSE MIB closed at a new 18 year high.The German DAX is still short of its all-time high which was reached at 24,549.57. The index closed at 24,423.08 today.The S&P and the NASDAQ indices have made new all-time highs recently. The Dow industrial average finally surpassed its intraday high going back to December 2024, but could not close at a new record on the run to the upside.. This article was written by Greg Michalowski at investinglive.com.

Geopolitics:According to Axios, Secretary of State Rubio is spearheading the talks:US, Ukraine, and several European countries are working on the detailed proposal for security guarantees for Ukraine. The plan would likely involve US air power.Meanwhile the EU foreign policy chief Kallas is saying that the next sanctions package against Moscow should be ready by next month.As far as I know there has been any additional comments from the US in regard to additional sanctions. It may be that they are giving some time.More: Putin and Trump discussed security guarantees Putin said that he is willing to discuss the principal of it, but he mentions China as one of the potential guarantors.I may not be an expert on foreign policy but I kind of doubt that Ukraine and the US, and the EU would not be all that thrilled about a security guarantee from China. The world generally needs to get along with China and Russia and Iran, but don't think they want to necessarily trust them to the point of coming to their rescue if there is an issue. This article was written by Greg Michalowski at investinglive.com.

The EURUSD and the GBPUSD have reversed lower in morning US trading, and in the process has moved back down to retest the 200 hour moving averages on both of those currency pairs.For the EURUSD, a cluster of support is in play, including an upward trendline, the 200-hour moving average, and the 61.8% retracement of the range since July 1. The price briefly slipped below the 200-hour moving average at 1.1665, but sellers were unable to push it through the 61.8% retracement at 1.16615. The pair has since rebounded modestly, trading near 1.1670. Holding above this zone keeps the downside contained, while a break back below would re-expose the lows.In the GBPUSD, the 200-hour moving average provided support earlier in the Asian session. The latest dip once again tested that rising average, briefly piercing it at 1.34987. Pressure remains heavy against this level, and a sustained move lower with momentum would open the door for further selling. The next key downside target comes at the midpoint of the range since the July high, near 1.3463. This article was written by Greg Michalowski at investinglive.com.

The NASDAQ index is trading lower by nearly 1% today, pulling back from the all-time high reached last Wednesday. The decline has brought the index closer to a key technical level — the rising 100-hour moving average, now at 21,325.57.This moving average has played an important role recently. The index last fell below it on July 31, but quickly recovered, climbing back above on August 6 and using it as a springboard for the run to the record high at 21,803.75.Should the index slip below the 100-hour moving average once again, traders will shift focus to the 200-hour moving average at 21,105.00. That level also has history: on August 1, the index briefly dipped below the 200-hour average before snapping back higher.For traders, today’s price action will help determine whether the current move is simply a pullback within an uptrend or the start of a deeper correction. Getting and staying below the moving averages would be a negative and suggests more downside potential for the index.Visit investingLive.com daily and often for your investing and trading news and analysis. This article was written by Greg Michalowski at investinglive.com.

Sector OverviewThe tech sector faces challenges today, with major players experiencing declines. The heatmap depicts a troubling landscape for technology stocks, highlighting a particularly rough day for semiconductor and software players. Microsoft (MSFT) is down by 1.13%, and Nvidia (NVDA) sees a fall of 1.81%, reflecting bearish sentiments in the tech space.In contrast, the consumer cyclical sector shows mixed results. Tesla (TSLA) stands out with a gain of 1.12%, while Amazon (AMZN) is down by 1.26%, indicating investor caution. Meanwhile, Walmart (WMT) impresses in the consumer defensive sector, boasting a rise of 1.29%, likely due to its stable consumer demand.Market Mood and TrendsToday's market sentiment appears cautious and discerning, focusing on the broader macroeconomic factors and sector-specific news. The decline in tech stocks, with critical players like Oracle (ORCL) down by 3.79% and Advanced Micro Devices (AMD) sliding 4.46%, demonstrates investor concern over technology valuations and potential disruptions.However, the gains in individual stocks like Home Depot (HD), up 4.18%, reflect optimism in sectors less impacted by technological shifts, highlighting divergent investor strategies.Strategic RecommendationsGiven the current market dynamics, investors might consider diversifying their portfolios to include resilient consumer staples, which offer a buffer against tech sector volatility. With companies like Procter & Gamble (PG) maintaining slight gains at 0.73%, these stocks can provide stability.Moreover, opportunities in the healthcare sector, evidenced by Eli Lilly (LLY) rising 1.28%, suggest potential growth areas for portfolio expansion.Investors should be vigilant of upcoming earnings reports in the tech sector, as these may provide more clarity on future trends. Staying informed and adaptable is key to navigating today's volatile market landscape, and for more insightful updates, visit InvestingLive.com. This article was written by Itai Levitan at investinglive.com.

The Atlanta Fed GDPNow growth estimate for 23 falls to 2.3% from 2.5% last.In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.3 percent on August 19, down from 2.5 percent on August 15. After this morning’s housing starts release from the US Census Bureau, the nowcast of third-quarter real residential investment growth decreased from 1.1 percent to -5.9 percent.The next GDPNow update is Tuesday, August 26. Please see the "Release Dates" tab below for a list of upcoming releases. This article was written by Greg Michalowski at investinglive.com.

The AUDUSD has broken to a new session low, slicing through the 0.6481 support floor from last week and Monday’s trade. That breakdown is a bearish technical signal, opening the door for further downside momentum. The next major target sits near 0.6450, where the 100-day moving average converges with swing lows from two weeks ago.For sellers, the risk is clearly defined. Staying below 0.6481 keeps the bearish bias strongest, while today’s high stalled just under the falling 100-bar moving average near 0.6500, a more conservative line for risk management.? The video above walks through the key levels, downside potential, and trading strategy in detail. If you’re trading AUDUSD, you won’t want to miss it. This article was written by Greg Michalowski at investinglive.com.

Fed's Bowman speaking on Bloomberg: Has not changed her view on monetary policyBowman is a Trump nominee and voted for a cut in rates at the July meetingOther comments from Bowman were related to regulation and not monetary policy related. This article was written by Greg Michalowski at investinglive.com.

The major US stock indices are mixed with the Dow Industrial Average higher. The S&P is marginally lower, while the NASDAQ index is the biggest decliner. A snapshot of the market currently shows: Dow industrial average is up 95 points or 0.21% at 45006.S&P index is down -6.5 points or -0.10% at 6442.70NASDAQ index is trading down -83 points or -0.39% at 21546.55The small-cap Russell 2000 is near unchanged at 2294.62.Chip stocks are under pressure:Broadcom -1.67%Nvidia -0.54%AMD -3.26%Shares of Intel are bucking the trend with a gain of 8.33% at $25.64. Despite a dilution via a sale of $2B of fresh equity to SoftBank announced overnight, the market is cheering on the recent news that the government is putting faith (and perhaps providing a free put) by converting Chip Act money into an equity position.Intel is trading at the highest level since March 18. The high price for the year was at $27.55 reached on February 18.There is a rotation out of other big cap names including:Amazon -1.26%, Meta, -1.0%, Microsoft -0.80%, Google -1.16%, This article was written by Greg Michalowski at investinglive.com.

Securities reasons needs chips made in the USThe Chips Act was just a give away.Why do we give TSMC to come to the USWe want Intel to be successful in AmericaIf the US is going to give you money, we want equity in giving that moneyNo governance, no voting rights in Intel stakeChina sells products year at half the cost, so they put the capitalists out of business.We need to have the infrastructure to help their national security.The investments in America are for economic and national security for the United States.We can build pharmaceuticals and semiconductors in the United States to protect America.The concept of making it more efficient to get across the country is needed. We need a better rail system in the United States.Intel shares are trading up $1.18 or 4.78% in premarket trading at $24.79a week or so ago present Trump was calling for the resignation of Intel's CEO Lip-Bu Tan. He went to the White House and made a deal that seems to have somewhat assured the government-sponsored support.The other view would be that Pres. Trump took Chip Act money, and monetized it into an equity stake.I guess it is beneficial to both, but if Intel cannot keep up with the competition that could be problematic for the government position.Overnight, Softbank Group agrees to buy $2 billion of newly issued Intel stock at $23 a share. The move gives SoftBank a roughly 2% stake without a board seat and signals outside support for Intel's turnaround. SoftBank will not commit to buying chips, company sources say.SoftBank Group Corp. is a publicly traded Japanese multinational conglomerate headquartered in Tokyo. Its ownership is split between public shareholders and its founder. It is interesting that the US took a position in Intel for a national security concern, but now SoftBank a Japanese multinational conglomerate is now a 2% owner. This article was written by Greg Michalowski at investinglive.com.

The USDCAD is pushing higher after several choppy sessions in recent days, with momentum building on the back of stronger U.S. housing data and softer-than-expected Canadian CPI. The move has carried the pair above a swing area at 1.3819 and yesterday’s high near 1.3830, which now act as near-term support for intraday traders. Holding above these levels keeps buyers firmly in control.From a broader perspective, the bullish bias is reinforced by the fact that the pair is trading above its rising 100-hour moving average at 1.3795, the 200-hour moving average at 1.3778, and the 100-day moving average at 1.3769. This technical alignment, in place since last Thursday’s upside breakout, underscores the strength of the move and the buyers’ advantage going forward.Key technical levels:Support: 1.3830 (yesterday’s high), 1.3819 (swing area), 1.3795 (100-hour MA), 1.3778 (200-hour MA), 1.3769 (100-day MA)Resistance: Swing high going back to May 29 comes in at 1.38607. Above that traders will start to look toward the high price from August 1 which reached 1.3878 This article was written by Greg Michalowski at investinglive.com.

Fundamental OverviewThe USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside. Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one). The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.On the NZD side, nothing has changed fundamentally, and we haven’t got any notable data other than the labour market report which came mostly in line with expectations and didn’t change much for the RBNZ pricing. The market still expects around 41 bps of easing by year-end with 94% probability of a cut tomorrow. Tomorrow’s cut would bring interest rates to the central bank’s estimated 3% neutral rate. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that the NZDUSD pair pulled back just before hitting the major trendline around the 0.60 handle. If we get another rally, we can expect the sellers to step in around the trendline with a defined risk above it to position for a drop into the key 0.5850 support zone. The buyers, on the other hand, will look for a break above the trendline to increase the bullish bets into the 0.6050 resistance next.NZDUSD Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see that the price recently broke below the upward trendline that was defining the bullish momentum. This might be a signal for a deeper pullback into the 0.5850 support zone. If the price break below the recent low at 0.5906, we can expect the sellers to pile in to extend the drop into the support zone. The buyers, on the other hand, will have a much better risk to reward setup around the support zone to position for a rally into the 0.6050 resistance.NZDUSD Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we could be forming a tight range between the 0.5944 and the 0.5906 level. Given that we have the RBNZ tomorrow, these levels might not mean much. If we get a hawkish decision, we can expect the buyers to pile in on a break above the 0.5944 level to target the major trendline. Conversely, a dovish decision should trigger a downside breakout and a move into the 0.5850 support. The red line define the average daily range for today. Upcoming CatalystsTomorrowwe have the RBNZ rate decision, Fed’s Waller speaking and the FOMC meeting minutes. On Thursday, we get the US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium. This article was written by Giuseppe Dellamotta at investinglive.com.