Euro Q2 Technical Forecast: EUR/USD Eyes Further Weakness on Ugly Technicals
To explain the euro’s recent behavior, it is important to provide some historical context.
Gold Price Forecast Q2 2022: Outlook Proves Mixed
There’s no two-ways about it: gold prices outperformed our expectations in Q1 22. Our rationale for not taking a bullish outlook on gold was, and still is, well-grounded: central banks, including t…
Crude Oil Recovers on Russian Energy Cuts Amid Global Growth Turmoil. Where to for WTI?
Crude oil continues to bounce around in a range amid Russian energy concerns and global growth uncertainties. Which way will oil break?
Musks Twitter Takeover
Twitters Board of Directors has agreed to a takeover offer from Elon Musk of 44 billion. The Tesla conglomerate and the worlds richest man initially offered to buy Twitter for 54.20 on the 14th of April, not long after revealing he had a 9.2 stake in the company.
Renewing Natural Gas Growth Momentum
NYMEX Natural gas price has again surpassed 7 and may well have completed a corrective pullback from the FebruaryApril momentum and may soon be preparing to go to a multiyear high above 8.2. It spiked 110 from the Feb lows of 3.9 to a peak on April 18th, and its momentum is clearly in line […]
Growth Worries Keep Sterling Pinned near 19Month Lows
LONDON, April 26 Reuters Sterling held near its lowest levels since 2020 on Tuesday against a broadly firm dollar, with worries about Britain39;s economic outlook exacerbated by latest debt numbers and fears that COVID19 restrictions in China will hurt world growth. Sterling was down 0.25 at 1.2702 at 1005 GMT, after falling on Monday below […]
Commodity Currencies and Yen recover; US Durable Goods
Rates as of 0630 GMT Market Recap The focus now is on China and the prospects of further lockdowns there as COVID19 cases surge and parts of Beijing go into lockdown for mass testing. Fears of a slowdown in China sent equities sharply lower yesterday, with the CSI 300 index falling 4.94, its largest oneday […]
European Stocks Bounce Back on Earnings Support
Bank earnings week kicks off with UBS, HSBC, Santander Miners, oil stocks rebound ECB has room for 23 rate hikes this year ECB39;s Kazaks Maersk hikes profit outlook on strong Q1 Bank stocks track best day in nearly a week April 26 Reuters European shares breathed a sigh of relief on Tuesday as earnings from […]
FTSE 100 Snaps 3Day Losing Streak; AB Foods Slumps on Earnings Update
National Express jumps as revenue bounces back to 2019 levels AB Foods falls as Primark to raise prices FTSE 100 up 0.6, FTSE 250 adds 0.4 April 26 Reuters London39;s FTSE 100 climbed on Tuesday after a threeday selloff, as shares of miners and homebuilders rose, while HSBC Holdings and Associated British Foods slid following […]
Gold Price Forecast: Bearish Momentum Accelerating – Levels for XAU/USD
Gold prices continue to erode, and a combination of technical patterns and indicators suggest more weakness is ahead.