It was a choppy trading session for oil yesterday. Yet constructive numbers from the US Energy Information Administration ensured the market ended higher.

The Dow remains upbeat, with tech stocks and AI leading the way, as price action doesn’t look like slowing down.

In this video, Ira Epstein discusses the Fed's decision to cut interest rates by 25 basis points and the market's reaction to this move, noting that the Fed is divided on future rate cuts and requires more data to make further decisions.

AUD/USD gains ground after recovering its recent losses registered in the previous session, trading around 0.6590 during the Asian hours on Thursday.

The Japanese Yen attracts some intraday sellers on Thursday after the Bank of Japan decided to maintain the status quo, though it lacks follow-through.

Amid broad disagreements on the Fed, Chair Jerome Powell balked (on behalf of the Fed) at cutting rates again in December. I see plenty of reasons to expect the Fed to proceed with rate cuts as previously scheduled.

Gold holds steady as markets weigh Fed caution, a stronger Dollar, and ongoing U.S.–China trade talks.