Crude Oil Lifted as US CPI Remains Stubbornly High and Risk Aversion Hits Equities
Crude oil remains range despite the recent turmoil permeating other markets and a stubbornly high US CPI. Will WTI see a volatility break out?
Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Mar 31, 2022 when Oil – US Crude traded near 99.36.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.
Gold Prices May Climb Further if US PPI Data Disappoints
Gold prices rose against falling real yields after US CPI data showed inflation may be cooling. Tonight's US producer price index may sway prices further, with a potential to send…
Euro Technical Outlook – EUR/USD Stalls at Prior Low. Will Bearish Momentum Resume?
The Euro has been trading sideways to the US Dollar as bearish momentum appears to have taken a breather. What will trigger momentum to build again for EUR/USD?
Nikkei 225, ASX 200, Hang Seng Index Brace for Volatility After More Wall Street Rout
The Nikkei 225, ASX 200 and Hang Seng Index are bracing for more volatility as another stronger-than-expected US inflation report bolstered hawkish Federal Reserve policy expectations.
USD/JPY to Face Larger Pullback on Break of Monthly Opening Range
USD/JPY may face a further decline over the coming days if the exchange rate fails to defend the opening range for May.
Bitcoin Price Forecast: BTC/USD Faces 2021 Low as Risk Assets Plummet
Bitcoin prices are nearly 10% lower in early Asia-Pacific trade after US stocks sold off on a hotter-than-expected US consumer price index (CPI) print. Chinese credit data is in focus…
Nasdaq 100, S&P 500, Dow Crumble as US Inflation Comes Hotter Than Expected
U.S. stocks suffer sharp losses on Wednesday on fears that the Fed will have to deploy more forceful measures to slow inflation, a situation that could trigger a hard landing…
Silver Price Forecast: Dropping Below Multi-Year Range Support – Levels for XAG/USD
The losses for silver prices are deepening, suggesting a more significant top is forming.
Gold Price Forecast: Bullion Snaps Opening Range for May
The recent series of lower highs and lows in the price of gold raises the scope for a further decline as bullion snaps the opening range for May.