Gold Price Forecast: Bounce Remains Unconvincing Ahead of Fed – Levels for XAU/USD
The inflation/reflation thematic back-and-forth takes center stage with the March Fed meeting tomorrow.
Japanese Yen Forecast: USD/JPY Rally at Risk into Resistance / FOMC
The USD/JPY breakout is eyeing critical resistance with the FOMC & BoJ rate decisions on tap this week. These are the levels that matter on the weekly technical chart.
The next commodity supercycle?
Commodity prices, from copper to corn, are rallying to multi-year highs. A confluence of factors is driving the upswing, with many markets appearing to be in a structural deficit just as the post-pandemic economic recovery gathers pace.
Oil Slips as Traders Begin to Fret over Inventories
Oil futures fell Tuesday, with analysts noting that nearby futures on U.S. benchmark crude have slumped below laterdated contracts, reflecting concerns over a buildup in inventories after last months Texas deep freeze. West Texas Intermediate crude for April delivery was down 76 cents, or 1.1, at 64.63 a barrel on the New York Mercantile Exchange. The […]
Volkswagen Looks to Electric Vehicles, Cost Cuts for Profit Recovery
Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the worlds secondlargest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion. Our good performance in 2020, a year dominated by crisis, will give us momentum for accelerating our transformation, Chief Executive Herbert Diess said […]
Billions Poured into ElectricVehicle Companies, but much more will be Needed before the Auto Industry Changes
Wall Street and Silicon Valley poured billions of dollars into electricvehicle and related companies in 2020, betting on their future dominance and in many cases fueling valuations that bear little relation to the companies current or expected production and sales. There is little doubt that the automotive industry is trending toward electric vehicles amid the […]
Countries Suspend Use of AstraZeneca Vaccine
Health experts say they are disappointed and confused by the flurry of suspensions of the coronavirus vaccine developed by AstraZeneca and the University of Oxford, warning there is not yet enough data to justify these decisions. Sweden and Latvia on Tuesday joined a fastgrowing list of European countries suspending the use of the vaccine as […]
German Investor Morale Gains, BroadBased Recovery Expected
BERLIN, March 16 Reuters Investor sentiment in Germany increased by more than expected in March, the ZEW economic research institute said on Tuesday, buoying the outlook for a broadbased recovery in Europes largest economy. The ZEW said its survey of investors economic sentiment rose to 76.6 points from 71.2 the previous month. A Reuters poll […]
European Stocks Rise on Upbeat Forecasts from Zalando, VW
March 16 Reuters European stocks rose on Tuesday as German online fashion retailer Zalando and carmaker Volkswagen jumped following upbeat earnings forecasts, while investors awaited the U.S. Federal Reserves views on a recent pickup in inflation. The panEuropean STOXX 600 index rose 0.4, crawling closer to a record peak set last year and tracking an […]
Dow Jones, S&P 500, Nasdaq 100 Technical Analysis: Old School Leading
The U.S. markets are generally strong these days; hard to fight, but paying up presents its own risk as pullback risk climbs.