The EU proposes price caps on Russia’s oil and gas exports. Britain’s PM Liz Truss is expected to repeal the nation’s fracking ban. China’s monthly crude oil imports dropped, fueling demand concerns. Crude Oil (CL) futures prices increased by as much as $1 per barrel on Thursday after falling in the previous session. An energy Read More…
August saw an expansion in the US services sector. The Fed will continue raising rates as the US economy steadies. Benchmark US Treasury yields rose to the highest level since June. The E-mini Nasdaq-100 (NQ) futures price closed down as traders analyzed recent economic data amid choppy trading. Tuesday marked the first session following the Read More…
Rising interest rates could lead to economic hardship. Investors are favoring stable sectors like healthcare in a downtrend market. Investors expect a wave of rate hikes this week. E-mini S&P 500 (ES) futures remain under intense selling pressure as the US dollar soars following an upbeat jobs report. Some investors are choosing to place their Read More…
Investors expect a 75bps rate hike from the ECB after inflation hit 9.1%. The ECB may take an aggressive stance as gas prices spike. Inflation in the eurozone might continue rising. The Euro (6E) futures continues to be under selling pressure as the US dollar remained the top gainer following upbeat US NFP data released Read More…
The US labor market remains tight with high demand for workers. US Manufacturing PMI came in above 50 in August, showing steady growth. Analysts expect the US dollar to keep rising, meaning lower prices for gold futures. Gold (GC) futures prices continued to decline as the US dollar strengthened ahead of important payroll data anticipated Read More…
OPEC output has increased significantly since the pandemic. China’s manufacturing activity contracted in August due to new COVID-19 restrictions. US crude stocks declined in the past week, showing increased demand in the US. Early Asian trading on Thursday saw a decline in crude oil (CL) futures prices, driven by rising supply and concerns that the Read More…
