Michigan Consumer Sentiment Falls to 68.8 as Inflation Dampens Individuals’ Outlook
The University of Michigan’s consumer sentiment dropped to second lowest level in 10 years as inflation weighs on optimism
Gold Price & Silver Technical Analysis: Running Aground into Big Resistance
Precious metals have been strong over the past few days but are not bumping up against resistance, especially gold; levels, lines & scenarios to watch.
US Retail Sales -1.9% vs 0% Forecasted
This morning brought the release of Firm Retail Sales for the month of December and showed the contraction of -1.9%
S&P 500 Forecasts for the Week Ahead
Beware of rising risks on a BoJ hawkish turn, Russian tensions and OPEX.
USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jun 10 when USD/CHF traded near 0.89.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
Understand the Risk. Accept the Risk.
Trades that offer the potential for a high return almost always come with a high amount of risk. A smart trade comes with an understanding of that underlying risk.
Understand the Risk. Accept the Risk.
Trades that offer the potential for a high return almost always come with a high amount of risk. A smart trade comes with an understanding of that underlying risk.
US Dollar (DXY) Inspects Short-Term Support, Oversold Signal Flashes
Short-dated US Treasury yields continue to move higher on Fed rate hike expectations, helping to stem recent US dollar losses.
USD/ZAR Forecast: Dwindling Rand Rally Favors ‘Buy the Dip’ Motto
Recent U.S. dollar weakness has bolstered the rand however, with central bank divergence firmly in favor of a stronger USD, the ZAR outlook remains bleak.
UK Economy Surpasses Pre-Pandemic Levels: Nov GDP + 0.9%
The UK economy expanded more than expected in November leaving the door open for another rate hike in early February – Sterling lifts higher