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…
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…
Investors are on the sidelines waiting for US inflation before making their next move. Higher inflation could push gold prices above 1850.00. On the charts, the price is stuck in a symmetrical triangle. Gold futures (GC) closed slightly lower yesterday after moving sideways through the day. This lack of volatility is because most investors are Read More…
Demand pressures are pushing oil prices higher. Investors expect inventories to go down in the US due to the expected rise in demand. China is on the path to reducing its inventories as it reopens. Crude oil bulls are experiencing resistance at 120.00 on the charts. Crude oil futures (CL) is trading higher above $120 Read More…
As traders eye this week’s ECB meeting and US CPI, the Euro is trading quietly above 1.0700. The ECB’s hawkish stance and eased US price pressures could push the pair above 1.0800. Technically, the Euro bulls are struggling to sustain above 1.0700. This week is expected to be a busy one for Euro futures (6E), Read More…
Gold futures have paused a two-day rally ahead of the nonfarm payroll data from the US. Elon Musk’s plan to lay off workers could point to a poor job market. The boost in oil production announced by OPEC may not be enough to satisfy global supply needs. Gold futures (GC) are trading lower on Friday Read More…
