Crude Oil Surges as US Dollar Wilts Under CPI Burden. Where to Next for WTI?
WTI crude oil made a 2-month high on the back of a soft US Dollar post CPI, and favourable inventory data. Will WTI crack through waiting resistance levels?
US Dollar Outlook: USD/SGD Weakness Eyed. Will USD/THB, USD/IDR, USD/PHP Follow?
The US Dollar is facing a mixed technical setting against ASEAN currencies, looking the most vulnerable against the Singapore Dollar. Will USD/THB, USD/IDR and USD/PHP follow lower?
Euro Forecast: EUR/USD Greenlighted on ECB Rate Hike Bets, Rising EU Bond Yields
The Euro rose from rising ECB rate hike bets on the back of a hot EU inflation report last week. That helped EUR/USD pierce confluent resistance overnight, aided by rising…
Gold Price Leaps as the US Dollar Crumbles After US CPI. Where to for XAU/USD?
Gold rallied to the top-end of recent ranges on a weaker US Dollar after an astonishing US CPI figure hit expectations. Can XAU/USD make a new high?
Nasdaq 100 Shrugs Off Inflation Concerns, Hang Seng Breaches Key Resistance
The Nasdaq 100 index registered a small gain after the release of US inflation data. The US Dollar fell. Hong Kong’s technology sector may continue to rise, setting a positive…
NZD/USD Bulls Target December High After US CPI Fails to Inspire Greenback
The New Zealand Dollar gained along with the Australian Dollar and Chinese Yuan after a red hot US CPI print failed to inspire the US Dollar. A light economic docket…
USD/JPY Outlook Mired by Failure to Defend January Opening Range
USD/JPY may continue to give back the advance from the November low (112.53) as the exchange rate fails to defend the opening range for January.
Natural Gas Prices Surge Over 13% with Colder Temperatures Set to Sweep Across the US
Natural gas prices soared as weather forecasts showed colder weather sweeping across the US, hinting at a potential spike in demand over the next couple of weeks.
S&P 500 Shrugs Off Red-Hot Inflation & Ekes Out Small Gain, Banks’ Earnings in Focus
S&P 500 rises despite four-decade high inflation, but gains may be short-lived as soaring price pressures will likely pave the way for aggressive monetary tightening, a key risk for stocks.
Oil Price Eyes 2021 High as RSI Pushes Toward Overbought Territory
A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen during the previous year.