Silver Technical Analysis: Positioned to Rally
In this video I discuss the technical outlook for silver, a market that we have been putting a lot of focus on lately due to its bullish technical posturing. I…
Rand Breaking News: SARB Rate Hike Favors Currency Protection Over Economic Growth
The SARB expectedly raised interest rates to 3.75% from 3.5% previously although the MPC were split on the decision. Rand depreciation seems like the primary influence for the hike. Markets…
S&P 500, Dow Jones & Nasdaq 100 Forecast: Consolidation Period Continues
The market remains elevated and undergoing a consolidation period; this could be a good thing as it sets up for another leg higher.
US Earnings Update: Macy’s JD.Com and Alibaba latest
Macy’s and JD.Com report positive earnings, Alibaba misses expectations and lowers forecast for remainder of the year
Crude Oil Price to Remain Capped on Strategic Reserve Release Talk
The US is pushing China, India, and Japan to release some of their strategic oil reserves to drive down the cost of oil.
Turkey’s Central Bank Cuts Rates by 100 Basis Points; USD/TRY Remains Volatile
The Central Bank of the Republic of Turkey hints at further easing in December, cuts rates by 100 bps to 15%
Article 16: Why Triggering it Risks an All Out UK-EU Trade War
Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16
British Pound (GBP) Price Outlook: GBP Strength at Risk From Political Turmoil
This week’s strength in GBP/USD, and weakness in EUR/GBP, is at risk from a UK political upheaval over sleaze allegations and second jobs for members of the Westminster Parliament.
Canadian Dollar Down on CPI and Yields as Risk Turns Off. Will USD/CAD Keep Rising?
The Canadian Dollar weakened after CPI printed in line with forecasts and risk assets came under pressure. Can USD/CAD continue to run higher?
Crude Oil Prices Sink with Dow Jones. Will WTI Extend Drop after Support Breakout?
WTI crude oil prices are heading for the worst weekly losing streak since March 2020 as higher supply bets and risk aversion rattled the commodity. Will oil extend recent losses?