Crude Oil Price Forecast: Bull Flag Formation Takes Shape
The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape.
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
The pace of rate hikes from the Bank of Canada, Reserve Bank of Australia, and Reserve Bank of New Zealand is anticipated to slowdown.
S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed
The S&P 500 rebounded from big losses triggered by hotter-than-expected U.S. CPI data, rallying more than 2.5% at the market close ahead of the official start of the earnings season…
US Dollar Forecast: USD/JPY Hits Fresh Yearly High, but DXY Index Reverses After CPI
Another hot US inflation report has led to a great deal of volatility in USD-pairs.
Gold Price Forecast: Multi-Month Downtrend Continues – Levels for XAU/USD
Weakness remains, despite the impressive intraday rally by gold prices.
Fedspeak This Week: Hawkish Intent Remains Intact
Fedspeak continues to smash home the hawkish rhetoric as markets churn lower in anticipation of another supersized rate hike in November.
Canadian Dollar Technical Forecast: USD/CAD Breakout Burned
The Dollar’s surge into a key resistance zone has reversed course post-CPI with USD/CAD rally risking exhaustion here. Levels that matter on the weekly technical chart.
S&P 500, Nasdaq 100, Dow Jones After the CPI Print
It was another elevated CPI print out of the US and the S&P 500 set a fresh yearly low while the Nasdaq 100 put in a fresh two-year-low.
Germany 40 (DAX) Rejects Resistance as Fed Rate Hike Bets Rise
USD strength holds firm as risk assets falter. For Dax, a rejection of resistance places the index at further risks of decline. 12,000 – 12,400 zone remains key.
Bitcoin (BTC/USD) & Ethereum (ETH/USD) Have Entered the ‘Erosion’ Phase
BTC/USD and ETH/USD appear to be in the part of a bubble deflationary cycle where prices slowly erode with sporadic moves here and there.