Crude Oil, WTI, Brent, API, EIA, Fed, FOMC, US Dollar, US CPI – Talking Points Crude oil is struggling going into Thursday as the market awaits inventory data The Fed has been consistent in its messaging on a less aggressive stance If the US Dollar languishes, will that serve to underpin WTI?? Recommended by Daniel
Share: EUR/USD struggles to gain any meaningful traction on Friday and oscillates in a narrow band. The technical setup seems tilted in favour of bears and supports prospects for further decline. Traders now await the release of the key US NFP report before placing fresh directional bets. The EUR/USD pair is seen oscillating
Share: AUD/USD finds nominal selling pressure near 0.6500 while more upside remains favored. Soft US core PCE inflation data dragged the 10-year US Treasury yields to 4.5%. The RBA is expected to keep interest rates unchanged but the interest rate peak is seen at 4.35% by the year-end. The AUD/USD pair rallied to
It’s a light data agenda ahead to open the week in Europe: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to
Share: Next week, markets will continue to digest the outcomes of recent central bank meetings. Additionally, market participants will closely monitor the release of economic data, with a particular focus on inflation figures from the Eurozone and the US Core Personal Consumption Expenditure (PCE) index. Here is what you need to know for
Crude Oil, WTI, Bearish Engulfing – Technical Update: Crude oil prices turned lower over the past 24 hours Bearish Engulfing candlestick pattern now in focus Watch rising trendline, RSI divergence on 4-hour Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Daily Chart WTI crude oil prices might be showing early signs of topping that
Further de-risking took hold of Wall Street overnight, as the usual caution persisted in the lead-up to the Federal Open Market Committee (FOMC) meeting, albeit with some paring of losses into the latter half of the session. Treasury yields resumed their ascent to retest their multi-year highs, seemingly reflecting increased positioning for a hawkish-pause scenario
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Market sentiments remained in its usual wait-and-see ahead of the Federal Open Market Committee (FOMC) meeting this week, as the VIX headed higher for the second straight day to reflect increased hedging activities while major US indices ended the
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Tuesday, reversing some of the previous session’s sharp losses as traders revised their positions before data showing a potential rise in U.S. inflation. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,
Share: USD/CHF trades higher around 0.8910 on the back of Greenback’s recovery. US inflation is expected to appreciate; any deviation could influence the sentiment toward the pair. BoJ Governor Kazuo Ueda’s hawkish remarks contributed to USD weakness. USD/CHF struggles to recover from the previous day’s losses ahead of the release of the US
