Oil Prices Plummet on Strong U.S. Crude Inventories Build-up
Oil prices experienced a significant drop in the last session that was influenced by an accelerating build-up in U.S. crude inventories and concerns about oil demand.
Safe-Haven Surge Amid Rising Middle East Tensions
Gold surged past $2400 per troy ounce, hitting record highs driven by geopolitical tensions and global uncertainty
All Eye on the U.S. CPI
Market participants are keenly awaiting the U.S. Consumer Price Index (CPI) data set for release today, a crucial determinant of the Federal Reserve's forthcoming monetary policy direction.
The Strong NFP Bolsters the Dollar
The U.S. labor market's vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000 job additions that exceeded both previous results and projections; bolstering dollar
Dollar Buoys by Optimistic NFP expectation
The dollar index (DXY) briefly dipped below the pivotal $104 mark before rebounding in anticipation of the upcoming release of the Non-Farm Payrolls (NFP) report
Bullish Gold Trades to All-time High
Gold prices have reached another milestone, currently trading steadily above $2300, as market sentiment leans towards the likelihood of a Federal Reserve interest rate cut this year.
Upbeat PMI Readings Bolsters Dollar
The dollar index (DXY) surged by nearly 0.5% in the previous session, propelled by the robust ISM PMI readings surpassing the 50-mark threshold
U.S. Equity Market Rally Ahead of GDP
the U.S. equity market, led by the Dow Jones, gained more than 1% last night as institutional investors rebalanced their quarter-end portfolios and exhibited enthusiasm for equities.
Dollar Bolsters by Upbeat Economic Data
The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy.
Market Trades Dully Ahead of PCE
The market exhibited relative quietness in yesterday's trading session as investors positioned themselves ahead of Friday's release of the PCE index.
Dollar Dive on Fed’s Dovish Statement
Fed Chair dovish statement indicated a commitment to rate cuts later this year, despite recent signs of inflationary pressure, exerted downward pressure on the dollar index (DXY), which declined by as much as 0.6%
BoJ Dovish Rate Hike Weaken Japanese Yen
The Bank of Japan (BoJ) has concluded its era of negative interest rates with its first rate hike since 2007, simultaneously ending its yield curve control (YCC) policy.
All Eye on BoJ Interest Rate Decision
All eyes are particularly focused on the BoJ, where there is anticipation for the possibility of the first rate hike in decades.
U.S. 10-year Treasury yields rose, U.S. stock indexes fell, gold fluctuated
U.S. 10-year Treasury yields rose, U.S. stock indexes fell, gold fluctuated
Markets Q4 Outlook: Dow Jones, US Dollar, Gold, Fed, Euro, ECB, Oil, Volatility Returns？
As investors head into the fourth quarter, the VIX Volatility Index - often referred to as the market‘s ’fear gauge - is in an uptrend. In September, US benchmark stock indices saw some of the worst monthly performance since March 2020. In fact, the S&P 500 and Nasdaq 100 finished the third quarter little changed. More importantly, they trimmed most of their gains. The Dow Jones declined.
Oil Price Targets: Crude Recovery Eyes August Highs– WTI Trade Levels
Oil prices have surged nearly 5% this week with the advance now targeting downtrend resistance. Here are the trade levels that matter on the WTI weekly chart.
Oil Weekly Price Outlook: Crude Crashes into Fibonacci Support
Crude prices have plummeted more than 25% from the yearly high oil crashing into confluence support here. These are the levels that matter on the WTI weekly chart.
USDNOK Drops as Norges Bank says Rates Will Likely Rise in June
The Norwegian Krone is strengthening after Norways central bank left interest rates unchanged but said its policy rate will most likely be increased next month.
Oil Price Outlook: Crude Decline Testing Critical Trend Support
Crude Oil prices plummeted more than 8% with the decline responding to trend support today. Here are the targets and invalidation levels that matter on the WTI charts.
Crude Oil Price Declines May Accelerate on Fed, Soft US Econ Data
After crude oil prices fell by the most in two months this past week, the commodity may find itself at risk if the Fed doesnt hint at cutting soon. US data may put OPEC supply fundamentals on the sidelines.