Crude oil slips lower as the COVID spread in China deteriorates amidst lower risk sentiment. Higher interest rates are weighing on CL futures. Tight oil supplies provide some support to the falling prices. The crude oil futures (CL) price fell nearly 5% on Monday, extending a decline that began last week amid worries about the Read More…
UK retail sales data weighed on the pound. The Bank of England is still undecided about a rate hike. Fed’s hawkish rate hike plan drives the market. After UK retail sales data for March failed to show that inflation is biting consumers’ wallets, the British pound futures (6B) fell to major levels during the session. Read More…
On Thursday, Japanese Yen futures dropped to 0.007780 as the Yen faced renewed pressure amid global yields rise. Markets are now waiting for central bank policymakers, including Fed Chair Powell, to make comments that could trigger further gains. Bulls anticipate a possible retest of the multi-year lows surpassed earlier this week around 0.007735. As traders Read More…
The 2-year yield in the US is nearly 2.5 percent for the first time since early 2019. The dollar continues to rise despite the mixed note in rates. The key focus for market participants is interest rate hikes in the United States and Europe’s ban on Russian gas. Future prices for EUR/USD (6E1) remain strongly Read More…
As beginner investors, it is necessary to get into market research, reviews, and decide what kind of active trader you will be, how you will analyze the market, what strategies you will implement in your trading platform, and what tools you will use to reach your trading goals. Luckily, the financial world offers a number Read More…
Futures trading is a dynamic market that presents unique opportunities and exciting challenges. Entering the market can prove to be quite a lucrative decision, but you need to understand that it’s a high risk, high reward setup. You cannot merely get into futures trading and close deals based on your hunch – it’s a recipe Read More…
