Brent Crude, WTI Oil News and Analysis Announcement of extended production cuts reignites bullish momentum Bullish catalyst attracts lofty price targets for Brent and WTI Overheating concerns appear with the RSI entering overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX40, CAC 40 Analysis and Charts FTSE 100 begins the week on a positive note The FTSE 100 extends its gains following a positive session in Asia on growing expectations that the Federal Reserve (Fed) won’t continue to hike its rates. The UK blue chip
Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 – Talking Points Crude oil’s leap to new highs appears intact for now with A combination of production cuts and an inventory rundown boosted oil After today’s US holiday, a busy week lies ahead. Will WTI keep climbing? Recommended by Daniel McCarthy
It’s unclear what’s happening in the bond market today as US 30-year yields lead the way higher, up 8.5 bps to 4.288%. The front-end is more subdued with 2s flat at 4.85%, though well-above the post-NFP low of 4.76%. Given the dovish data today, it’s tough to explain why bonds are selling off. I wonder
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices extend gains from last week More retail traders are becoming bearish Will positioning hint at WTI clearing resistance? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices extended higher over the past 24 hours, continuing a near-term
© Reuters. Investing.com — Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week. Fears of higher U.S. interest rates spurred a six-week rally in the greenback, following strong inflation and jobs data and as the Federal
China bourses rallied after China announced support for equities markets; Beijing lowered stamp duty on stock traders for the first time the 2008 financial crisis and at the same time pledged to slow the pace of initial public offerings in an effort to boost investor confidence. Fed Chair Powell signalled caution on additional rate hikes.
© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the
Japanese Yen, USD/JPY, US Dollar, BoJ, Intervention, JGB, Yields, Ueda, Powell – Talking Points USD/JPY is contemplating new peaks after reaching higher this week The BoJ and the Fed appear to be on differing paths, and it might assist USD/JPY The moves in Treasury yields might hold the key for USD/JPY direction Trade Smarter –