Crude oil futures soar above $115.00 as supply shortage remains a key concern. Litasco becomes the main trader for Eastern Europe. OPEC production is still well below the level of last April. On Tuesday, crude oil futures (CL) had significant gains, soaring to fresh weekly highs above $115.00. The commodity benefits from the recent supply Read More…
On Monday, China’s macro data disappointed, which prompted fresh selling of the Australian dollar. Another contributing factor to the Australian dollar’s soft tone was risk sentiment. US bond yields fell, giving dollar bulls more reason to retreat. The Australian dollar futures (6A) pair remained on the defensive during the first half of the European session. Read More…
ES-mini S&P 500 (futures) struggles to post gains, maintaining a bearish trend. Fed’s aggressive tightening and hot inflation reading weigh on the US and global stocks. Russia’s war and Covid in China keep the risky assets under pressure. On Wednesday, the E-mini S&P 500 (ES) futures contract fell 0.7% after the stock indicator fell to Read More…
Gold futures (GC) prices consolidated losses at a three-month low ahead of key US inflation data. The dollar pullback reminds buyers of mixed sentiment, but the Fed says growth fears weigh on prices. Another sign of hope for the sellers is the price staying around or below the $1,850 area, although the US CPI could Read More…
The British pound fell for the third consecutive day on Monday due to a combination of factors. The dovish forecast by the Bank of England continued to pressure the pound downward. The Fed’s aggressive remarks about raising rates and the lack of risks boosted the safe-haven dollar. Although a significant recovery is unlikely, oversold conditions Read More…
Nasdaq 100 futures (NQ) dropped 5% as the Fed’s impact weighed. Upbeat US NFP could not help stocks gain positive momentum. Under Armour dropped 16% in pre-market conditions. The Nasdaq 100 futures (NQ) fell more than 5% to near 12,850 ahead of the US session. The index remains heavily weighed by the hawkish stance of Read More…
