Investors are on the sidelines waiting for US inflation before making their next move. Higher inflation could push gold prices above 1850.00. On the charts, the price is stuck in a symmetrical triangle. Gold futures (GC) closed slightly lower yesterday after moving sideways through the day. This lack of volatility is because most investors are Read More…
Investors are waiting for clues on the ECB’s policy plans. 10-year Treasury yields crossed the 3% mark, pointing to an increase in interest rates. The index is caught in a sideways move on the 4-hour chart. Nasdaq 100 (NQ) futures pushed lower on Thursday before the ECB meeting, with investors nervously waiting for clues on Read More…
Demand pressures are pushing oil prices higher. Investors expect inventories to go down in the US due to the expected rise in demand. China is on the path to reducing its inventories as it reopens. Crude oil bulls are experiencing resistance at 120.00 on the charts. Crude oil futures (CL) is trading higher above $120 Read More…
Mixed signals on Monday left the index in a range. Musk’s threat to walk out of the Twitter deal spooks investors. Technically, the price of ES is consolidating between 4072 to 4200. The E-mini S&P 500 (ES) futures closed Monday slightly lower after a choppy session. The index had a choppy session because gains in Read More…
As traders eye this week’s ECB meeting and US CPI, the Euro is trading quietly above 1.0700. The ECB’s hawkish stance and eased US price pressures could push the pair above 1.0800. Technically, the Euro bulls are struggling to sustain above 1.0700. This week is expected to be a busy one for Euro futures (6E), Read More…
Gold futures have paused a two-day rally ahead of the nonfarm payroll data from the US. Elon Musk’s plan to lay off workers could point to a poor job market. The boost in oil production announced by OPEC may not be enough to satisfy global supply needs. Gold futures (GC) are trading lower on Friday Read More…
Oil supply concerns were reduced this morning, pushing the index higher. Positive US data has eased recession fears among investors. Crude oil inventory data from the US could move the index later in the day. Bulls could push prices to 13000 in the charts. The Nasdaq 100 index (NQ) futures closed lower on Wednesday, as Read More…
Higher inflation means more rate hikes, which could destroy the global economy. The slowed factory activity in Asia damped Shanghai’s reopening. Risk sentiment could go lower and the dollar higher amid the panic. Prices could continue the downtrend on the charts. Analysis of the E-mini S&P 500 (ES) futures price suggests a mildly negative scenario Read More…
The ban on Russian oil imports adds to supply pressures amid high demand for fuel in Europe and the US. The economic risk to European countries grows with Russian oil sanctions. Oil is heading back to 120.00 in the charts as the bulls charge ahead. Tuesday morning saw crude oil (CL) futures prices rise after Read More…
Risk sentiment is returning to the markets as fears of a recession in the US ease. The Bank of Japan Governor says inflation is short-lived and that the bank will keep easing monetary policy to support the economy. Bears are showing weakness in the charts. The Japanese Yen (6J) futures remain neutral as the pair Read More…
