Investors have become hesitant to “buy the dip” ahead of US inflation. Investors expect US core inflation to confirm a peak in inflation. NQ price is sitting on strong technical support. Today’s price analysis for E-mini Nasdaq 100 (NQ) futures is bearish as investors worry over possible recession ahead of US inflation data. “(Investors are) Read More…
ES Futures might fall further if earnings disappoint. US inflation data might push the Fed to raise rates faster. In the charts, bears have returned. Today’s outlook for E-mini S&P 500 (ES) futures is bearish as investors worry over earnings amid the economic slowdown. The global economy has been hit in recent months, and most Read More…
China has discovered a new Omicron subvariant. Oil prices are falling in anticipation of new restrictions in China. BOC is expected to deliver a 75bps rate hike. Today’s outlook for the Canadian dollar (6C) futures is bearish as there are new demand worries after China discovered a highly transmissible Omicron subvariant. The number of infected Read More…
Gold demand is going down as it gets more expensive for overseas buyers. Gold futures might only turn bullish if the Federal Reserve succeeds in controlling inflation. Gold futures are trading near September 2021 lows on the charts. Today’s price outlook for gold (GC) futures remains bearish as the dollar strength continues to hurt the Read More…
NQ Futures edged higher on upbeat US data. FOMC minutes show a 50 bps rate hike is possible in July. Bulls can breathe again. Today’s outlook for E-mini Nasdaq 100 (NQ) futures is bullish after upbeat US data pointed to slight economic growth, reducing market recession fears. The Institute of Supply Management released yesterday showed Read More…
Recession fear and strong US dollar triggered sell-off in the crude oil futures. China announced a new round of COVID-19 tests in Shanghai, which could lead to demand dampening restrictions. There is a risk of tighter demand if the global economy tips into a recession. Today’s crude oil (CL) futures forecast is bearish as demand Read More…
Norwegian offshore workers are on strike, which might hurt the oil supply. Joe Biden is considering easing China tariffs, which has rekindled the hope of inflation peaking in the US. RBA is among the central banks raising rates rapidly to tame inflation. E-mini S&P 500 (ES) futures price is struggling to retain any gain as Read More…
The RBA is expected to raise rates by 50bps tomorrow. Australia might end the year with inflation at 7%. Price is attempting a break above the 30-SMA. Australian dollar (6A) futures outlook today is bullish as prices bounce off two-year lows. This move comes ahead of tomorrow’s Reserve Bank of Australia meeting, which is set Read More…
The world’s second-largest gold consumer is trying to reduce gold demand in the country. Global gold prices fell after the announcement. Bears are eyeing May 16 lows on the charts. Gold (GC) futures outlook is bearish as the yellow metal reacts to India’s bid to dampen demand for imported gold. India raised its import tax Read More…
Central bank chiefs are committed to taming inflation despite the economic consequences. Investors worry that Q2 will be just as bad as Q1. The bears are dominating the market on the 4-hour chart. E-mini Nasdaq 100 (NQ) futures outlook today is bearish as investors’ risk sentiment has dried up amid recession worries. At a meeting Read More…
