Crude Oil (WTI) Talking Points US Crude oil prices fall to 15-month lows with excess supply driving prices below $70 per barrel. WTI Crude extends losses, shedding 5% in today’s session. Oil supply rises to 18-month high while the weekly EIA report shows 1.55M barrels added to US stockpiles (higher than the forecasted 1.188M). Trade …
Crude Oil Prices Sink to 15-month Low on Rising Supply, Elevated Fear Read More »
CRUDE OIL OUTLOOK: SLIGHTLY BEARISH NEAR TERM Oil prices fell roughly 4% this week, pressured by demand concerns amid rapidly rising interest rates Although oil could trade lower in the coming days, its medium-term outlook remains constructive thanks to the reopening of the Chinese economy This article examines the key technical levels to watch in …
Crude Prices Sink on Rising Rates & China’s Slow Demand Recovery Read More »
US Dollar/ Japanese Yen (USD/JPY) Price Outlook: USD/JPY rises to above 135.00 after Fed officials push for higher rates. US Dollar Index (DXY) erases 2023 losses, pushing prices above 104.00 against a basket of foreign currencies. Japanese Yen (JPY) faces fresh fundamental and technical headwinds after USD breaks higher ahead of a long weekend for …
Gold (XAU/USD) Talking Points: Gold prices find temporary support above $1,900 XAU/USD recovers from recent slump as bulls aim to drive price action back above $1,930 USD and yields continue to contribute to driving sentiment and price action for precious metals. Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold prices are currently …
FTSE 100 Talking Points: FTSE 100 breaks technical barrier of resistance turned support at 7000. UK equities drive FTSE higher ahead of US CPI. Price action returns to 2018 levels with the all-time high looming at 7903. Recommended by Tammy Da Costa Get Your Free Equities Forecast FTSE 100 Rises to 2018 Levels Despite Rising …
FTSE 100 Shakes Off Recession Risks Rising Above 7700 Read More »
Brent Crude Oil Technical Analysis Brent crude oil breaks below the (bearish) rising wedge Upside momentum temporarily restricted at the 50 SMA IG client sentiment hints at a continued move lower as retail traders pile into longs The analysis in this article makes use of chart patterns and key support and resistance levels. For more …
Crude Oil, WTI, Brent, OPEC, Inventory Data, COT Positioning – Talking Points WTI crude and Brent crude oil prices benefit from a speculative OPEC+ production cut Global rate hikes to continue this week (RBA & RBNZ), pressuring demand further COT data shows increasingly bearish sentiment on oil prices among speculators Recommended by Thomas Westwater Get …
Crude Oil Prices Eye OPEC Meeting as Markets Weigh Rising Rates Read More »
US Dollar Price and Chart Analysis US Treasury yields continue to rally. EUR/USD is at a fresh 20-year low. USD/CNH eyes a multi-year high of 7.25. Recommended by Nick Cawley Get Your Free USD Forecast The US dollar is on the move higher again, backed up by hawkish Fed commentary and rising US Treasury yields. …
US Dollar (DXY) Soars on Hawkish Fed Commentary and Rising US Treasury Yields Read More »
S&P 500, FOMC, Dollar, USDCNH, EURUSD and USDCAD Talking Points: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Both the London and Tokyo markets were offline for holidays Monday, but that wouldn’t curb volatility from the likes of the S&P 500 which gapped lower and ended with a close Volatility is likely …
Dow Jones Index (DJI) Talking points: Wall Street extends losses as US Dollar strength dominates markets Dow Jones futures dragged down by rate expectations DJI futures cling to 32,000 psychological level as participants continue to price in fundamentals Dow Jones Index (DJI) Futures Weighed Down by Stronger Dollar Dow futures gapped lower on the open …
DJI Dragged Down by Stronger USD and Rising Yields Read More »
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