Crude Oil Trades Above $80

New York, Nov 10 (TradersHuddle.com) – Crude oil traded above $80 a barrel as the Dollar reduced its earlier gains and is trading almost flat against a basket of major currencies. The contract for December delivery rose 76 cents, or 1%, to $80.19 a barrel on the New York Mercantile Exchange. The gains are on … Continue reading “Crude Oil Trades Above $80”

XLI is the ETF of the Recovery

New York, Nov 9 (TradersHuddle.com) – The Select Spider industrials ETF (NYSE: XLI) has appreciated over 10% since the beginning of the month. Traders look at the industrials to lead the rally as the outlook for the recovery continues to improve. After today’s session, the XLI moved towards the top end of the range, and … Continue reading “XLI is the ETF of the Recovery”

Minning Shares Gain

New York, Nov 9 (TradersHuddle.com) – Raw-material producers added 3.20% for the second biggest gain among 10 groups in the S&P 500. Freeport-McMoRan (NYSE:FCX), the world’s largest publicly traded copper producer, increased 4.6% to $83.20 as copper gained for the first time in three days after the Dollar tumbled and the G20 nations pledge to … Continue reading “Minning Shares Gain”

IDA’s Passes through the Gulf

Miami, Nov 9 (TradersHuddle.com) – What it is now Tropical storm IDA, approaches the US Gulf Coast, expected to make landfall later today. However, it definitely created some havoc in the oil and natural gas industry, as it entered the Gulf as a Hurricane. Chevron Corp (NYSE: CVX) halted some of its production at its … Continue reading “IDA’s Passes through the Gulf”

The UUP Bites the Dust

 New York, Nov 7 (TradersHuddle.com) – Last Thursday the PowerShares DB US Dollar Index Bullish (NYSE: UUP) made unusual movements that involved heavy volume and a big upside spike that was completely uncorrelated to its underlying US Dollar tracking index. With this event we now have this ETF trading at a premium over its underlying … Continue reading “The UUP Bites the Dust”

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TradersHuddle is a news focused website dedicated to covering information that impacts the financial markets. The site maintains a particular emphasis on U.S. stocks, and its coverage of key economic, commodities and forex related information helps traders form a comprehensive market perspective that contributes towards making more intelligent and well informed trading decisions.  The website … Continue reading “About Us”