Investors expect fuel demand to go down amid a possible recession. Russia is finding ways to keep its oil exports up by focusing on emerging economies. CL price is testing the May 19 lows in the charts. Crude oil futures (CL) prices continued to collapse on Thursday as major economies faced a possible recession that Read More…
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…
Investors are breathing easier after the recent selloff. Central banks will not pause in their fight against inflation. Recession fears are still plaguing most investors. The Nasdaq 100 (NQ) futures prices are pushing higher on Tuesday as some risk sentiment returns to the equity market. The dollar is pushing lower after its rally, showing a Read More…
Expectations of rising prices in Canada are growing. The Bank of Canada is trying to manage price increases and avoid self-fulfilling inflation. On the charts, the RSI is showing signs of weakness in the bearish trend. The Canadian dollar (6C) futures is trying to recover some ground ahead of Canada’s inflation data. The pullback was Read More…
Investors scramble for safety as central banks battle rising inflation with tighter monetary policies. This week has seen a rise in interest rates worldwide. The next target for bulls is 1880.00 in the charts. Gold futures (GC) prices closed higher on Thursday and have started pushing higher after a pullback on Friday. This move was 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…
