Share: Oil (WTI) slides lower and starts flirting with first important support near $88. The US Dollar value keeps increasing as markets price in a possible persistent rate differential between USD and other currencies. Higher Oil prices have negative implications even for Oil producers. Oil prices drop for a second day in a row,
Share: USD/CHF is on a bullish trajectory, ending the week with over 1% gains, Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340. Key support levels for sellers include the 200-DMA and the
XAU/USD PRICE FORECAST: Gold (XAU/USD) Bounces as the DXY Faces a Key Resistance Hurdle. The Higher Rates for Longer Narrative is Likely to Weigh on the Precious Metal Moving Forward as Fed Projections Price in Only 50bps of Cuts in 2024, Down from 100bps in June. IG Client Sentiment Shows that Retail Traders are Overwhelmingly
Share: USD/SEK soared to 11.249, its highest since early November 2022. Riskbank is expected to hike 25 bps to 4%. The Fed will likely deliver a hawkish pause. The USD/SEK saw volatility on Monday, rising to a high since November 4, 2022, then settling at 11.122, securing daily losses. The USD trading somewhat soft,
FOMC PREVIEW: READ MORE: Nasdaq 100, S&P 500 Forecast: US Indices Remain Indecisive Ahead of a Massive Week As we approach a busy week for Central Banks the US Federal Reserve (FED) Meeting is set to take place on Wednesday the 20th of September. The resilience of the US economy and the data of late
Outlook on FTSE 100, DAX 40 and S&P 500 following ECB rate hike, second reduction in reserve ratio requirement by PBOC and successful Arm IPO. لینک منبع : هوشمند نیوز
Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor
Share: Natural Gas could fall as demand remains tepid and stockpiles high. The US Dollar is taking a step back with weak US data ahead of the jobs report. Expect a sideways to lower gas price as supply starts to build with less demand. Natural Gas could be retreating from its peak print in recent
Wall Street managed to get through the Jackson Hole Symposium unscathed (DJIA +0.73%; S&P 500 +0.67%; Nasdaq +0.94%), despite a hawkish takeaway from Fed Chair Jerome Powell last Friday. The general view may be that market participants were already priced for a hawkish outcome in the lead-up to his speech, which allows room for some
Share: The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in Powell’s hawkishness looks largely in the price The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by
