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…
The crude oil futures trades higher as the supply side faces several hindrances. EU’s embargo on Russian oil may result in higher crude oil prices. OPEC+ favors the limited price hike after the EU’s ban. The price of crude oil futures (CL) traded higher due to supply-side factors, such as the Organization of the Petroleum Read More…
As markets digest the Fed’s policy statement on Wednesday, gold futures prices have recently risen above $1,900. Analysts said that Powell ruled out a 75 basis point rate hike in the coming months, eliminating some downside risk for gold. Now, the focus will be on the NFP report on Friday. As bulls continued to control Read More…
The ES fell around 0.6% in premarket as Fed’s rate hike impact weighed on the index. Fed’s Powell announced that he would not consider a 75-bps rate hike in the next meeting. Covid-19 restrictions in China keep global stocks under pressure. The E-mini S&P 500 (ES) futures fell 0.6% in premarket trading. On Wednesday, the Read More…
The British pound (6B) rose more than 0.50% after hitting a 22-month low. The US dollar pauses the uptrend and corrects lower before the weekend. The Bank of England’s rate hike plan may not help the pound prevent further losses. Over the weekend, the British pound (6B) rose half a percentage point as the pound Read More…
