Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near
Gold is opening the week on the front foot and continuing last week’s rally. Price action may be limited today however with US markets closed for the Presidents’ Day holiday.
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation Fears
Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.
FX Pairs Test Key Levels but Lack Desired Momentum
With plenty of UK data this week we take a look at GBP/USD and GBP/JPY as both pairs attempt to leave key levels in the rear view mirror but lack…
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Feb 07, 2024 11:00 GMT when FTSE 100 traded near 7,638.50.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Major Economies Under Pressure as the UK and Japan Confirm Technical Recessions
The UK and Japan confirmed their respective eonomies entered into a recession in the second half of 2023. The pound has eased after the announcement but the yen remains propped…
S&P 500, Nasdaq 100 and Nikkei 225 Move Higher Again
Stock market have shrugged off the US CPI reading earlier in the week, while in Japan the Nikkei 225 is once again making gains.
FTSE 100 Lifted by CPI data, but Dax and Dow both Knocked Back by Stronger US Inflation Figures
Global markets were spooked yesterday by US inflation data, knocking indices back, but the FTSE 100 has been boosted following UK inflation news this morning.
S&P 500 & Nasdaq 100 hit Fresh Records, and Nikkei 225 Surges to 38,000
The rally continues, with US markets making fresh headway and the Nikkei 225 taking off to the upside once again.
Gold, Silver Techs: Precious Metals Ease Despite Softer USD, Yields
Gold approaches the 200-day SMA ahead of tomorrow’s US CPI print. Silver on the other hand, has already crossed the trend filter, opening up further downside risk
Oil Testing Fresh Multi-Month Highs, EIA Crude Oil Data
The price of oil is touching fresh multi-month highs as markets continue to price in a soft landing in the US.