Dollar weakness has pushed yen futures’ prices a bit higher. The BOJ’s summary of views for the June meeting is dovish. Bulls are in control on the 4-hour chart. Japanese Yen (6J) futures prices are pushing slightly higher on Monday, boosted by the declining US dollar. The summary of views at the BOJ’s June meeting Read More…
Improved risk sentiment is pushing gold prices lower. The dollar rally might resume as the Fed is not planning to pause its mission of rate hikes. The price of Gold is consolidating on the charts. Gold futures (GC) prices are pushing slightly higher on Friday after a bearish close yesterday as commodities continued declining across Read More…
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…
