The best day on Wall Street ended today as markets turned lower on recession fears. Investors are unsure whether inflation has peaked. US President Joe Biden is expected to call for temporary tax relief on gasoline. E-mini S&P 500 (ES) futures rose overnight as investors hoped the economic outlook would not be as bad as Read More…
US corporate earnings are under threat from rising inflation. Falling profit expectations could mean further downside potential for S&P 500 E-mini futures. The price could be headed for 3650.00 on the charts. The E-mini S&P 500 (ES) is pushing lower on Thursday over growth concerns in the US, fueled by the Federal Reserve’s move to Read More…
A more hawkish Fed could dampen demand in the energy market, pushing crude oil futures lower. COVID-19 re-emergence in China could lead to restrictions that would affect demand. OPEC remains confident that demand will be higher than pre-pandemic levels. Crude oil futures (CL) prices are pushing lower amid fuel demand concerns on Wednesday. Investors are Read More…
Investors seek safety in the dollar as inflation and Chinese lockdowns fuel fears of recession. China’s zero COVID policy might lead to new restrictions and slowed growth. On Monday, the Australian dollar (6A) was pushed lower as the US dollar strengthened on positive inflation data. The dollar traded higher on Monday amid recession concerns as 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…
