General information
US crude futures are set to post four straight weeks of gains amid concerns surrounding growing scarcity of fuel products. Oil benchmarks are being kept above $100/bbl as well as their respective 50-day moving averages as market fundamentals point to a persistent supply shortage.
20 May 11:52
Gold has benefitted from the classic risk-off moves in global markets this week. However, gold bugs will be wary of the Fed’s dogged resolve to combat inflation with even more rate hikes, threatening to send Treasury yields even higher.
20 May 11:41
After shedding 4% on Wednesday, the S&P500 is now 18% below its all-time high and frightening close to a technical ‘bear market’.
19 May 08:13
We got more headline grabbing UK data this morning. April inflation figures have just been released and the headline came in a tick lower than expected at a red-hot 9%, the highest rate in more than 40 years.
18 May 09:07
Cryptocurrencies have taken a battering over the last few months. The price of the oldest and largest cryptocurrency, bitcoin, has dropped over 50 percent since November 2021.
17 May 08:01
The acute shortage of products such as diesel and gasoline is keeping oil benchmarks above the $100/bbl line, with WTI and Brent futures restored to their respective 50-day moving averages.
13 May 12:27
Oil prices brushed aside the widely expected output hike decision by OPEC+ to remain on course for consecutive weekly gains, as Brent and WTI futures continue being guided higher by their respective 50-day moving averages.
6 May 13:13
Crude futures continue to rally for the third day, surging above $100/bbl on March 1. Today the Brent price is up 2.6% at $116.08/bbl, while WTI is 3.2% higher, trading north of $113/bbl.
3 March 12:21
Oil prices continue to trend sharply higher today after taking a breather on Friday, with Brent up more than 4.6% to $98.56/bbl, while WTI was up 4.5% above $95/bbl by the time of writing.
28 February 13:47
Spot gold is seeing some slight reprieve before the weekend as King Dollar moderates after Fed Chair Powell once again resisted against the idea of a 75 basis point hike.
13 May 12:23
The unrelenting rise in US Treasury yields and the dollar has dragged gold below the psychologically-important $1900 level, with spot prices now languishing below its 100-day moving average and a key Fibonacci level. Gold was unable to capitalize on Fed Chair Powell’s less-hawkish than expected message this week, with bullion bulls aware that US rates are bound to rise anyway, just not likely by way of a 75 basis point hike.
6 May 12:47
Exchange prices for nickel on Thursday reached 11-year highs at $27,970. Metal prices have been on the rise over the past few days, but today the uptrend picked up.
3 March 18:00
The suspension of cargo transport from and to Russia by three of the world's largest transportation companies has triggered an uptrend in industrial metal prices. As a result, Nickel soared to $25,705, an all-time high. Aluminum surged to $3,564, which is also a new peak.
2 March 14:38
The S&P 500 received a thorough beating on Wednesday afternoon after U.S inflation data failed to calm investor concerns about rising interest rates.
12 May 08:17
The US Federal Reserve delivered its biggest rate hike in 22 years as it raised the Fed Funds rate by 50 basis points (bps), as expected. However, there was a dovish surprise in that Fed Chair Jerome Powell poured cold water on the prospects of a super-sized 75bps hike. The S&P 500 saw its biggest single-day gain in two years, while the benchmark US dollar index (DXY) dipped below 103.
5 May 12:16
US stock indices traded sharply higher on Wednesday, snapping a four-day rout.
10 March 11:43
Frenzied selling was seen across the US stock market on Tuesday, March 8, 2022. The current geopolitical situation is having an impact on the entire global economy as the sanctions imposed on Russia are already cutting both ways. These measures, taken by the West, have pushed up energy prices to record highs. Additional negativity comes from the Federal Reserve’s policy stance. The regulator will be reversing its monetary policy path shortly, with the rate liftoff right around the corner. Such key fundamental factors can be expected to add further momentum to the downtrend in the US stock market.
9 March 13:04
Risk-off sentiment has dominated global markets in recent weeks. Headlines around some of the more speculative areas of the market like cryptos, have abounded in this environment. Here are the scheduled economic data releases and events that could further sway market sentiment over the coming week:
16 May 11:11
We get the key release of the week today with the latest US consumer price figures. This is now probably the single most important data for global markets. The headline annual CPI number is expected to fall to 8.1% from the 40-year high of 8.5% in March. This would be the first time the headline figure has fallen since August last year.
11 May 11:40
With inflation all the rage, the incoming US consumer price index is set to grab the market spotlight this week.
9 May 18:04
EURUSD has gone below its pandemic low to trade around levels not seen since 2017. Russia's move to halt gas supplies to Poland and Bulgaria has amplified already-heightened concerns over the EU's economic outlook. While a technical rebound may occur in the near-term, the euro requires a substantial improvement in the fundamental outlook to stage a sustained recovery.
27 April 16:51
Bitcoin is attempting to rebound off the US$30,000 region, having dipped briefly below that psychologically-important mark earlier today. Bitcoin bulls would also have noted that forays below $30k have preceded strong rebounds on multiple episodes in 2021, including the run that ultimately ended with its current record high set back in November. Bitcoin bulls still have their work cut out for them after the recent rout, with a sustained presence above $35,000 likely required before confidence can be adequately restored and more participants would be enticed enough to return.
10 May 11:49
Bitcoin soared 8.8% on Wednesday, March 9, ending the day at $41,900. The leading cryptocurrency apparently hit a hurdle in its attempt to break out above $42k. On Thursday morning, we saw an equally strong reversal move back to $39k. As a result, Bitcoin shed 5.6% in 24 hours, while Ethereum slid 4.8%.
10 March 17:49
The last Bitcoin growth impulse confirmed the break of the downtrend: the chart rebounded resolutely from the previous upper bound of the downward trading range. However, as before in March, consolidation above the previous highs in the area of $45k is required to confirm a break in the trend.
9 March 18:19
The leading cryptocurrency has slowed down near the $45k resistance level. Investors were waiting for an important Federal Reserve meeting, at which Jerome Powell opted for a dovish rate liftoff in March. Instead of going for a 0.75 bp hike, under the current geopolitical conditions the regulator is inclined to favor a gradual increase of 0.25 bps. This factor could act as a positive driver for risk asset markets.
3 March 18:12
There's a better website for you
A new exciting website with services that better suit your location has recently launched!
Sign up here to collect your 30% Welcome Bonus.