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…
The Federal Reserve says it will remain flexible on rate hikes. New unemployment benefit claims fell more than investors expected on Thursday, contributing to the move in the index. Bulls are pushing the index back above 4000 on the charts. The E-mini S&P 500 (ES) futures price closed Thursday’s trading session higher on a bullish Read More…
