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…
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…
A recession is looming over the world’s largest economy. Markets are trying to keep up with the Fed’s rate hikes outlook. The price of NQ retests the 11500.00 level and could hit 11250 soon. The world’s largest economy is facing a possible recession, which has caused panic among investors, pushing Nasdaq 100 (NQ) futures below 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…
