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Uncertainty

Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported

GOLD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free Gold Forecast Gold (XAU/USD) AND DOLLAR INDEX FUNDAMENTAL BACKDROP Gold prices have somewhat stabilized following yesterday’s whipsaw price action. Gold came within a whisker of the psychological $2050 handle before a brisk selloff saw the precious metal end the day in the red. …

Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported Read More »

Crude Oil Faces Perfect Storm if US Inflation Pours Gasoline on Uncertainty Flame

Crude Oil, WTI, Fed Pivot Bets, CPI Report – Talking Points: Crude oil extends losses during Tuesday Asia-Pacific trading session Market uncertainty may be pushed further with traders eyeing US CPI Another sticker print could reinvigorate hawkish Fed policy estimates Recommended by Daniel Dubrovsky How to Trade Oil WTI crude oil prices fell 2.55% on …

Crude Oil Faces Perfect Storm if US Inflation Pours Gasoline on Uncertainty Flame Read More »

Australian Dollar Outlook for 2023 Might Remain US Dollar Dependent Amid Uncertainty

Australian Dollar, AUD/USD, US Dollar, RBA, Fed, China, Momentum – Talking Points Australian Dollar fortunes appear to be tied to the US Dollar vortex to start 2023 The RBA and the Fed remain in tightening mode but at different trajectories China faces re-opening challenges with Covid risks. Will it impact AUD/USD? Recommended by Daniel McCarthy …

Australian Dollar Outlook for 2023 Might Remain US Dollar Dependent Amid Uncertainty Read More »

Brent Propped Up by Uneventful Biden Trip and Uncertainty Around Nord Stream

BRENT CRUDE OIL (LCOc1) TALKING POINTS Bidens leaves Middle East without increased supply result. Russia’s political situation could see Nord Stream pipeline remain closed come Thursday. BRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil extended last weeks Friday’s positive close in early trading on Monday morning after U.S. President Joe Biden’s visit to Saudi Arabia …

Brent Propped Up by Uneventful Biden Trip and Uncertainty Around Nord Stream Read More »

EUR/USD Below 1.05 After ECB’s Sintra Forum Spells Uncertainty

EUR/USD TALKING POINTS Markets will be looking for more guidance from the ECB today. U.S. Core PCE data in focus. EURO FUNDAMENTAL BACKDROP The euro was hit hard yesterday during the ECB’s Sintra Forum panel discussion which included Fed Chair Jerome Powell, the BoE’s Governor Bailey, General Manager Augustin Carstens and the ECB President Christine …

EUR/USD Below 1.05 After ECB’s Sintra Forum Spells Uncertainty Read More »

Political Uncertainty Adds to Gloomy UK Growth Outlook

POUND STERLING TALKING POINTS Boris Johnson no-confidence vote. UK economic forecast. GBP/USD FUNDAMENTAL BACKDROP GBP/USD opened weaker this morning after yesterday’s vote of no-confidence kept the British Prime Minister Boris Johnson from immediate resignation. The vote which read 211-148 is not favorable for the party as it is clear that a large proportion seem to …

Political Uncertainty Adds to Gloomy UK Growth Outlook Read More »

Uncertainty Around EU Oil Ban While COVID-19 Cases Fall in Shanghai

BRENT CRUDE OIL (LCOc1) ANALYSIS China’s growth forecasts look higher as COVID-19 situation improves in Shanghai. Hungary stifles EU oil ban. Consolidatory price action continues. CRUDE OIL FUNDAMENTAL BACKDROP Brent crude trades marginally lower this morning after minimal headway has been made with regards to the Russian oil ban, stemming from the Hungarian governments reluctance …

Uncertainty Around EU Oil Ban While COVID-19 Cases Fall in Shanghai Read More »

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