Crude Oil Prices Stabilize as Germany Defends Energy Imports from Russia
WTI crude oil prices stabilized at around $120 bbl as the German Chancellor opposed the idea of banning energy imports from Russia. WTI has rallied over 30% over the last…
US Gasoline Price Record Surge Likely to Continue as US Targets Russian Oil
US gasoline prices surged to a record high overnight amid a move by the government to target Russian oil imports, which would likely bolster already sky-high oil prices as inflation…
Euro May Remain at Risk, But What are EUR/USD Levels to Watch for Reversal Hints?
The Euro may remain pressured against the US Dollar amid Ukraine ahead of the ECB. Still, markets often don’t move in straight lines. What are key EUR/USD reversal warnings to…
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Feb 24, 2022 when USD/CAD traded near 1.28.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Gold Price Bursts Higher on Sinking Real Yields and War Woes. Where to for XAU/USD?
Gold has made new highs this week and may test the all-time peak as uncertainty and lower real yields overcome a strong US Dollar. Will XAU/USD make a new high?
S&P 500 Falls as Crude Oil Soars, APAC Markets May Follow Lower
The S&P 500 index plunged nearly 3% as surging commodity prices stoked stagflation concerns. The US plans to ban Russian energy products, sending crude oil prices to fresh 9-year highs.…
NZD/USD Falls From Fresh 2022 High as Global Recovery Threatened by Sky-High Oil Prices
The New Zealand Dollar trimmed strength against a haven-boosted US Dollar overnight after making a fresh 2022 high as rising energy prices compound global growth fears. APAC traders brace for…
Nasdaq 100 Plunges into Bear Market as Oil Price Surge Kindles Stagflation Worries
Nasdaq 100 plummets and enters bear market on fears that the Russia-Ukraine crisis will continue to put upward pressure on commodity prices, reinforcing inflation and weakening economic growth.
Australian Dollar Forecast: AUD/USD Rally Pushes RSI Toward Overbought Zone
The recent advance in AUD/USD may generate an overbought reading in the Relative Strength Index (RSI) as it clears the opening rage for 2022.
Gold Technical Forecast: Gold Breakout Hits 2K as War Tensions Drive
Gold ripped into the weekly open with XAU/USD breaking to fresh yearly highs amid the intensifying War in Ukraine. Technical levels that matter on the weekly chart.