This happened against the backdrop of rising US bond yields. Reuters writes that it is in the region of a 16-year high. It is reasonable to assume that big capital was balancing its defensive portfolio Read more…
Oil rally at risk near 84.00 after latest freefall Bearish continuation likely, but patience required WTI oil futures closed with heavy losses on Wednesday near a one-month low of 84.16 following the rejection near the Read more…
Renewed concerns about demand after the latest soft economic data raised possibilities of further slowdown in global economic growth, soured the sentiment. The OPEC+ group held their meeting on Wednesday and left the oil output Read more…
Asian shares staged a rebound on Thursday following the broadly positive cues from Wall Street overnight as plunging oil prices and weak US jobs data lifted market sentiment. European futures are pointing to a positive Read more…
Gold posts eighth straight daily loss, touching its lowest levels since March Decline shows no signs of easing, widening Bollinger bands point to high volatility Oscillators deep in oversold zone for quite some time, bulls remain on the sidelines Read more…
US 30 cash index edges higher, a tad above the May 25 low The short-term bearish trend remains dominant Momentum indicators don’t point to a reversal yet The US 30 cash index is trying to Read more…
In our article “Oil Analysis: Finally, A Bearish Reversal?” on September 21, we drew attention to emerging signs that the initiative was shifting to the bears. This was noticeable in the changes in the dynamics Read more…
Markets A final push lower (in bonds) in yesterday’s Asian session saw the German 10-yr yield touching 3% and the US 30-yr yield kissing 5%. From there on, an oversold market started looking for a Read more…
Key technical elements have turned bearish for USD/JPY ex-post suspected BoJ’s invention. USD/JPY bulls’ first defence line at the 20-day moving average acting as a 148.25 support looks vulnerable. The next immediate support to watch Read more…
Markets are on an emotional rollercoaster ride this week. The slightest data is capable of moving oceans. Yesterday, the significantly softer-than-expected ADP report, and the announcement that 75’000 healthcare workers at Kaiser went on strike Read more…