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Oil Price Update: WTI and Brent Remain Under Pressure as Recessionary Fears Weigh
WTI, BRENT PRICE, CHARTS AND ANALYSIS: WTI Coming Off its Worst Week Since February 2020, Declining 13.55% Last Week. Recessionary and Demand Fears Weigh on Prices. WTI FUNDAMENTAL OUTLOOK Crude Oil faced renewed selling pressure this morning as recession risks have...
Gold Price Weekly Outlook: XAU/USD Fate in the Hands of US CPI?
Federal Reserve implied rate probabilities are becoming increasingly more responsive to inflation and labor data showing market indecision ahead of the Fed’s March meeting. US economic data the focus for next week. Technical analysis on weekly and daily...
GBP/USD SLIDES BELOW 1.2100 MARK AMID A SHARP USD RALLY, AHEAD OF UK BUDGET
Bets that the BoE might pause its rate-hiking cycle and a stronger USD exert some pressure. Investors now look to the UK budget and important US macro releases for a fresh impetus. A combination of factors drag GBP/USD away from a one-month high touched on Tuesday....
US Dollar Hits a One-Month Low as Bond Yields Slump; Gold, Yen Remain Bid
The US dollar trades at a one-month low. Market expectations for future US rate hikes have been pared back sharply. Safe haven assets remain bid as markets shun risk. Short-dated government yields are falling sharply Monday as traders pile into these...
US Dollar (DXY): Is This The Calm Before the NFP Storm?
The US dollar is rangebound ahead of an important US jobs release. Fed chair Powell is hawkish but reiterates that data remains key. US Treasury bond yields are consolidating their recent move higher ahead of Friday’s Non-Farm Payroll report. Recent hawkish commentary...
Euro Update: EUR/USD Remains Supported Ahead of Fed Chair Powell’s Testimony
Chair Powell testifies before the Senate this afternoon. The Euro is flat to marginally better bid over the past week. The European Central Bank (ECB) is becoming increasingly worried about the current level of inflation in the single block and its...