Gold Price Flirts with Support as US CPI Shapes Views Ahead of the Fed and ECB
The gold price is bumping along an ascending trend line ahead of US CPI today that could see market dynamics pivot should the number surprise. Will a tilt to real…
Oil – US Crude IG Client Sentiment: Our data shows traders are now at their most net-long Oil – US Crude since Mar 19 when Oil – US Crude traded near 66.57.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
FOMC Preview: Will US CPI Upset the Apple Cart?
US CPI could be the deciding factor for the Fed in its upcoming interest rate announcement on Wednesday.
Positive start to the week as US CPI looms: Gold, Straits Times Index, Brent crude
Wall Street delivered a positive start to the week, with strength in rate-sensitive tech reflecting some confidence that the Fed’s tightening cycle will be heading towards its final phase.
US Dollar Bid Ahead of Inflation Data, USD/JPY Coils Inside Symmetrical Triangle
U.S. CPI data may help guide the Fed's near-term policy outlook, setting the tone for the U.S. dollar in FX markets. As for USD/JPY, the pair is coiling inside a…
S&P 500 Bull Market: What Does Historical Performance Suggests from Here?
The S&P 500 enters a technical bull market despite navigating through restrictive financial conditions. What does the data reveal about the index from here?
Gold Prices on Shaky Ground ahead of US Inflation Data and Key Fed Decision
U.S. inflation data and the Fed's monetary policy announcement will take center stage this week and guide gold prices’ trajectory in the near term.
Oil Continues its Post-OPEC+ Slide, Multi-Week Lows in Sight
Ongoing recessionary fears and elevated US Treasury yields continue to weigh on oil which is now back to lows last seen at the start of the month.
USD/CAD IG Client Sentiment: Our data shows traders are now at their most net-long USD/CAD since May 09 when USD/CAD traded near 1.34.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
GBP/USD Up, Below Recent Highs As Markets Look To Fed
Markets believe the Bank of England has much more rate-rising to do than the Fed now if prices are to be held in check