S&P 500 Technical Analysis – Key resistance in sight

Last Friday, the NFP report massively beat forecasts with 336K jobs added against 170K expected. The unemployment rate remained unchanged at 3.8% and average hourly earnings were a touch lower. Overall, the market viewed it as a good release with the soft-landing narrative prevailing. Over the weekend, Hamas launched a big attack against Israel which

Crude Oil Reverses Recent Losses as Markets Recalibrate after Israeli Invasion

Crude Oil, WTI, Brent, US Dollar, Israel, USD, Gold – Talking Points Oil prices have leapt higher as markets re-appraise the Middle East The US Dollar resumed strengthening as perceived havens gain favour If geo-political conditions remain unstable, is that supportive of WTI? Recommended by Daniel McCarthy How to Trade Oil Crude oil prices jumped

Further gains on the cards

Share: CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops. Gold now retargets $1900 Friday’s marked rebound in gold

Risk stays on the defensive ahead of European trading

It’s been quite a while since geopolitics, or in this case an outright war, in the Middle East stole the spotlight in markets. But that is the case today as the world is honed in on the Hamas attacks on Israel on Saturday. That is seeing markets adopt a more risk-off approach today with the

Hong Kong Exchange will begin the afternoon trading session at 2.00 pm local time

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Dollar, yen gain on flight to safety as Hamas attack rattles nerves By Reuters

© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout U.S. jobs report gave