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The API crude oil inventory data for the week ending July 17 will be released in ten minutes.On July 22, Iranian President Pezechzian emphasized on the 21st that Iran must maintain internal unity and cohesion and should not unjustly belittle the results of the negotiations. Speaking at the National Industry and Mining Day celebrations, Pezechzian said that Iran has made steady progress on important issues such as the reopening of the Strait of Hormuz and the resumption of oil exports during the negotiations. Despite the US breach of contract, Irans achievements in these processes have "far exceeded expectations." Pezechzian said that discussions about the methods and results of the negotiations are welcome within Iran, but the results should not be belittled with unfounded statements. He stressed that maintaining unity and internal cohesion is crucial to Irans current situation.Market sources indicate that U.S. Chairman of the Joint Chiefs of Staff General Dan Kane has not explicitly stated whether a U.S.-Iran conflict would include ground troop operations.The Dow Jones Industrial Average rose 385.56 points, or 0.74%, to close at 52,224.82 on Tuesday, July 21; the S&P 500 rose 65.91 points, or 0.89%, to close at 7,509.19; and the Nasdaq Composite rose 329.13 points, or 1.29%, to close at 25,837.21.July 22nd - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.74%, the S&P 500 up 0.89%, and the Nasdaq Composite up 1.29%. SK Hynix (SKHY.O) rose 13.7%, Micron Technology (MU.O) rose 12%, SanDisk (SNDK.O) rose 14%, Nvidia (NVDA.O) rose nearly 2%, and SpaceX (SPCX.O) rose 3%. The Nasdaq China Golden Dragon Index closed down 0.69%, and NetEase (NTES.O) fell more than 3%.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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