The Financial Times is gated but the gist of the article is that the European Union is considering extending its emergency gas price cap introduced in February. In response to concern of supply disruption and price jumps from a couple of fronts: the conflict in the Middle East the sabotage of a Baltic pipeline Reuters
Share: USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar. Canadian Retail Sales report indicates that automobile demand remained weak. The US Dollar turned soft due to neutral guidance from Fed Powell. The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of 1.3700
Share: All major weather agencies have formally announced the onset of El Niño. Strategists at ANZ Bank believe El Niño related disruptions will be short-lived and contained for the Asia-Pacific. El Niño is a regional story While production losses due to El Niño will exert upward pressure on food commodity prices in Asia
Bitcoin, BTC/USD, Ethereum, ETH/USD – Outlook: Bitcoin and Ethereum trends have diverged recently. BTC/USD needs to clear the July high for the upward trajectory to persist.. What is the outlook and what are the key levels to watch? Supercharge your trading prowess with an in-depth analysis of oil’s outlook, offering insights from both fundamental and
US Dollar, DXY, Euro, British Pound, Australian Dollar – Outlook: Too soon to say if USD has topped. EUR/USD and GBP/USD appear to be in search of a bottom; AUD/USD drifts lower. What is the outlook and key levels to watch in EUR/USD, GBP/USD, and AUD/USD? Discover the power of crowd mentality. Download our free
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index have retreated from key resistance. Markets will be looking for indications of a Fed pivot from Powell’s tone and comments later Thursday. What are the outlook and the key levels to watch in the S&P 500 and the
Gold, XAU/USD, US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index – Talking Points The gold price appears comfortable above US$ going into Wednesday’s trading session Treasury yields are after making new highs again but gold appears unfazed by it The US Dollar has been choppy despite global uncertainty. Will XAU/USD remain bid? Recommended by
SP 500 & NAS100 PRICE FORECAST: Choppy Price Action and Indecision Returns as US Earnings Continues. Geopolitical Uncertainties and Robust US Data Give Market Participants a Headache as Evidenced by Retail Trader Sentiment. Rangebound trade for both the SPX and the Nasdaq 100 Cannot be Ruled Out for the Rest of the Week. To Learn
The report says that the price outlook for the fiscal year 2023 is being considered to be revised higher to closer to 3%. Meanwhile, the Japanese central bank is said to discuss raising the price outlook for the fiscal year 2024 to 2% or above but to keep the outlook for the fiscal year 2025
USD, US DOLLAR, DXY INDEX – Outlook: Market diversity appears to be running low in the DXY Index, suggesting overcrowding. Having said that, US exceptionalism is still intact. What is the outlook on the greenback and the signposts to watch? If you’re puzzled by trading losses, why not take a step in the right direction?
