U.S. equity futures nudged higher again Thursday, potentially extending Wall Street’s longest wining streak in two years, amid a pullback in Treasury bond yields tied to bets that the Federal Reserve has come to the Read more…
BoE Chief Economist Huw Pill highlighted today that the existing policy rate, deemed restrictive, is sufficient to dampen inflationary pressures without necessitating further hikes. “Having established monetary policy in restrictive territory, it’s not the case Read more…
This happened for the first time since mid-October, when gold was rapidly rising in price on fears related to the escalation of the military conflict in the Middle East. At the same time, the psychological Read more…
WTI futures decline sharply below the 200-day SMA Drop to the lowest level since July 20, but find their feet at the 75.00 handle Momentum indicators touch oversold levels, hinting at potential bounce WTI oil futures (December delivery) Read more…
US 500 cash index trades sideways after recent upleg Strong rebound from late-October lows amidst key market events Mixed momentum indicators complicate the short-term outlook The US 500 cash index is trying to record a Read more…
EURUSD decelerates below 200-EMA resistance Positive structure remains intact above 1.0600 EURUSD could not carry last week’s impressive rally above its 200-day exponential moving average (EMA), but the 50-day EMA helped the pair to hold Read more…
Gold’s stagflation hedge purpose has been negated after a rotation back into long-duration risk assets/equities. Watch the US$1,972 key short-term resistance on spot Gold (XAU/USD) to maintain on-going corrective decline structure. Medium-term uptrend remains intact Read more…
WTI oil is consolidating within a tight range on Thursday morning after falling 6.6% in past two days. Strong sell-off was sparked by easing worries over supply disruptions in the Middle East and growing concerns Read more…
Daily Pivots: (S1) 1.0673; (P) 1.0695; (R1) 1.0730; More… Intraday bias in EUR/USD stays neutral at this point. Further rally is in favor as long as 55 4H EMA (now at 1.0656) holds. Decisive break Read more…
Daily Pivots: (S1) 1.2250; (P) 1.2277; (R1) 1.2313; More Intraday bias in GBP/USD remains neutral for the moment. Strong rebound from 55 4H EMA (now at 1.2246) will maintain near term bullishness for another rise Read more…