Gold Price Entered a Short-Term-Bearish Zone Below $2.020
Gold price started a downside correction from well above $2,050 against the US Dollar. The price broke the $2,020 support level to enter a short-term bearish zone. The price even declined below $2,000 and the 50 hourly simple moving average....
Both Sides Express Some Optimism Over Peace Talks
Market movers today We start the week in a quiet fashion on the data front, but for markets developments in the Ukraine war and commodity prices will remain the key focus. US national security adviser Jake Sullivan and China’s top...
Dollar Extending Rally Against Yen, Fed and BoE to Hike this Week
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The...
First Climax Reactions to Russia Invasion Done, USD/JPY Upside Breakout
The financial markets should have completed the first climax reaction to Russia to Ukraine. Both oil prices and gold spiked higher initially last week but pulled back since then. Stocks, in particular major European indexes, also staged a strong rebound...
Weekly Economic & Financial Commentary: Let the Tightening Cycle Commence
Summary United States: Intensifying War Pours Some Gas on Price Growth Russia’s invasion of Ukraine continues to loom large as the war has intensified. Most data released this week, however, do not capture the market volatility felt since the invasion...
The Weekly Bottom Line: Looking Through the Turmoil, Ready for Lift-off
U.S. Highlights It was another volatile week across global financial markets as the recent surge in commodity prices stoked fears of an inflationary spiral. Sentiment improved through the latter half of the week, allowing global equities to pare losses. Oil...
Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility
A trader on the NYSE, March 11, 2022. Source: NYSE Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets. The Fed has clearly broadcast that...
Deutsche Bank reverses course on Russia, says it is unwinding business there after Ukraine invasion
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Deutsche Bank said Friday that it was winding down its operations in Russia, one day after its...
Stocks making the biggest moves midday: Meta, Rivian, Oracle, DocuSign and more
These are the stocks posting the largest moves in midday trading.
Forward Guidance: Gasoline Price Surge to Push Inflation Rates Higher
Canada’s CPI report for February is expected to show a firm 5.4% year-over-year increase. It will likely rise closer to 6% in March on the back of surging pump prices. In the first week of March alone, gas prices soared...