Brent Oil to hit $90 at the end of the quarter – Commerzbank

Share: The Oil price has been rising significantly since the end of June. Economists at Commerzbank have revised their forecast for Brent Oil. Brent Oil seen at $85 by year-end We have raised our price forecast for Brent at the end of the quarter to $90 per barrel (previously $80).  At the end

UK GDP Data Beats Estimates, Sterling Undecided

GBP/USD Prices, Charts, and Analysis The UK economy grew by 0.2% in the second quarter. The economy is estimated to have expanded by 0.5% in June. Recommended by Nick Cawley How to Trade GBP/USD The UK economy expanded by a better-than-expected 0.2% in Q2, beating forecasts of zero growth, while the economy grew by a

How Much More to Go in Crude Oil? Is There More Upside in Natural Gas?

CRUDE OIL, WTI, NATURAL GAS, NG – Outlook: Crude oil looks overbought as it tests vital resistance. Natural gas remains in a slow and hesitant uptrend. What is the outlook for crude oil and natural gas and what are the key levels to watch? Recommended by Manish Jaradi How to Trade Oil Natural gas: A

Asia FX weakens amid China fears, dollar strong after CPI By Investing.com

© Reuters Investing.com– Most Asian currencies fell on Friday amid persistent fears of an economic slowdown in China, while the dollar firmed after data showed that U.S. consumer inflation grew as expected in July. Rising U.S. also pressured local currencies, while expectations that the Federal Reserve will keep interest rates higher for longer kept the

GDX lower low sequence supports more downside [Video]

Share: The short-term Elliott wave view in GDX suggests that the cycle from the 5 May 2023 peak is showing a 5 swings lower low sequence in higher time frame charts. Supporting more downside in the instrument. The decline from that peak is unfolding as an Elliott wave zigzag correction where wave (A)

Subdued Start in Asia as Wall Street Rally Fizzles

An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US Consumer Price Index (CPI) release, prompting the US dollar to pare its earlier losses. Both headline and core US CPI surprised on the downside, which will likely provide grounds for the Fed to

What are the charts telling us for the EURUSD, USDJPY and GBPUSD?

The FOREX markets are quiet in the Asia-Pacific session. Japan is on holiday contributing to the lackluster price action. Yesterday’s US CPI data whipped traders around as well as the initial reaction was to the downside in the greenback, and then reversed back to the upside with the rise in US rates However in the

Japanese Yen Dips with Treasury Yields Outpacing JGBs. Where to for USD/JPY?

Japanese Yen, USD/JPY, US Dollar, BoJ, Intervention, YCC, JGB, Yield Spreads, Daly – Talking Points USD/JPY is eyeing new highs after stretching north this week The BoJ is on traders’ minds, but intervention may not be seen The Fed is forecast to be on hold, but if Treasury yields gain, will it boost USD/JPY? Trade