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…
Dramatic pullbacks in stocks show investors maintaining bearish sentiments. Poor performance in tech stocks is keeping the index primarily flat. Investors are waiting to see US GDP data for Q1 amid rising inflation. The Nasdaq 100 index futures (NQ) had a quiet session yesterday and closed higher, gaining 1.5%. Thursday morning saw stock futures primarily Read More…
The US is expected to use export restrictions to ease domestic fuel prices. Last week’s crude oil inventories are expected to drop. India’s oil minister says $110 a barrel is unsustainable. There have been minimal movement for crude oil futures (CL) prices in the past two days as investors are waiting for crude oil inventory Read More…
The S&P 500 is expected to lose more ground. The Fed’s aggressive approach is pushing the index lower. To keep inflation under control, Biden intends to eliminate Trump’s tariffs. The E-mini S&P 500 (ES) futures price has been moving lower for the past seven weeks. Such a move was last seen in 2001 during the Read More…
A pleasant surprise for bulls, as German data beats expectations. Dollar weakness is expected to make Euro futures more expensive. A weaker Euro is a concern for the ECB. Euro futures (6E) price was up Monday morning after the German Ifo Business Climate Index was released. Investors had expected the value to be lower than Read More…
