Crude Oil Gains Reprieve on US Dollar Pause as Yields Soar. Where to for WTI?
Crude oil steadied today as the US Dollar gave up some ground despite Treasury yields climbing amid market chaos across currencies and bonds. Will WTI find a base?
Singapore Dollar Technical Outlook: USD/SGD Gains as AUD/SGD, NZD/SGD, SGD/CNH Weaken
The Singapore Dollar could fall against the US Dollar. However, SGD looks stronger against AUD, NZD and CNH. What is the outlook and the key levels to watch?
Gold Eyes PCE, Economic Data After Yields Surge on Hawkish FOMC Speak
Gold prices are finding some relief in Asia-Pacific trading, but the threats from surging Treasury yields and the US Dollar weigh heavy on sentiment. PCE and economic data are in…
Volatility Swells with FX Markets Raising Systemic Concerns and Dow Enters ‘Bear Market’
The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD…
British Pound on Edge as BoE Does Little to Allay Concerns. Where to for GBP/USD?
The British Pound is under siege as the Bank of England signals no action for now despite fiscal and monetary policy disparity undermining them. Will make GBP/USD make new lows?
EUR/USD to Face Record High Reading for Euro Area CPI
Fresh data prints coming out of the Euro Area may curb the recent decline in EUR/USD as inflation is expected to hit a record high.
Dow Jones Sinks after Sterling Hit Record Low, KOSPI and Hang Seng Index at Risk Ahead
Dow Jones futures slumped as Sterling’s record low further boosted global monetary tightening expectations. The KOSPI and Hang Seng indices are at risk after Wall Street’s plunge.
Chinese Yuan Faces Another Big Test as US Dollar Surge Goes Unchecked
The Chinese Yuan faces another big technical test as the US Dollar continues to cause havoc across the FX space. China’s industrial profits are in focus for today amid a…
AUD/USD Selloff Pushes RSI Into Oversold Territory
AUD/USD may attempt to test the May 2020 low (0.6373) as the Relative Strength Index (RSI) pushes into oversold territory.
S&P 500, Nasdaq 100 and Dow Fall Amid Soaring US Treasury Yields
U.S. equity indices continued to drop as tightening financial conditions around the world fueled concerns about a global recession. US yields and the USD rose.