High US inflation rate is fueling recession worries that might hurt demand. COVID-19 is coming back to Asia, which could lead to restrictions. The soaring dollar is making oil expensive. Today’s crude oil (CL) futures price is bearish owing to the increase in demand worries in the global market. The first thing fueling demand worries Read More…
Investors have become hesitant to “buy the dip” ahead of US inflation. Investors expect US core inflation to confirm a peak in inflation. NQ price is sitting on strong technical support. Today’s price analysis for E-mini Nasdaq 100 (NQ) futures is bearish as investors worry over possible recession ahead of US inflation data. “(Investors are) Read More…
ES Futures might fall further if earnings disappoint. US inflation data might push the Fed to raise rates faster. In the charts, bears have returned. Today’s outlook for E-mini S&P 500 (ES) futures is bearish as investors worry over earnings amid the economic slowdown. The global economy has been hit in recent months, and most Read More…
China has discovered a new Omicron subvariant. Oil prices are falling in anticipation of new restrictions in China. BOC is expected to deliver a 75bps rate hike. Today’s outlook for the Canadian dollar (6C) futures is bearish as there are new demand worries after China discovered a highly transmissible Omicron subvariant. The number of infected Read More…
Gold demand is going down as it gets more expensive for overseas buyers. Gold futures might only turn bullish if the Federal Reserve succeeds in controlling inflation. Gold futures are trading near September 2021 lows on the charts. Today’s price outlook for gold (GC) futures remains bearish as the dollar strength continues to hurt the Read More…
NQ Futures edged higher on upbeat US data. FOMC minutes show a 50 bps rate hike is possible in July. Bulls can breathe again. Today’s outlook for E-mini Nasdaq 100 (NQ) futures is bullish after upbeat US data pointed to slight economic growth, reducing market recession fears. The Institute of Supply Management released yesterday showed Read More…
