Jobless claims total 232,000, slightly less than expected; Q4 GDP revised up to 7%
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.
Gold and Oil Surge on Russian Invasion, Stocks and Euro Dive
Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it...
Global Markets Sink as Russia Invades Ukraine, Euro Under Heavy Selling
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar....
The market has adjusted its views of how the Federal Reserve will raise interest rates
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve...
Stock Markets Rebound But Uncertainty Remains
You get the feeling that investors are not quite sure what to do today. The markets managed to bounce back sharply from their lows on Tuesday and that momentum carried forward at the start of today’s session, before easing off...
WTI Oil Outlook: Oil Prices Remain at the Back Food on Fading Supply Concerns but Biased Higher above $90
WTI oil consolidates on Wednesday following a 2.4% drop on Tuesday, after concerns about the disruption of oil supplies on the first wave of US and European sanctions on Russia eased. Also, the signals of potential return of Iranian oil...
Aussie Surges as Risk Sentiment Improves, Euro and Sterling Shrugs Hawkish Comments
The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar...
Stock futures inch higher after S&P 500 closes in correction
U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average advanced 85 points. S&P 500...
CADJPY Currency Pair Wave Analysis
CADJPY currency pair reversed from support area Likely to rise to resistance level 91.00 CADJPY currency pair earlier reversed up from the support zone located between the round support level 90.00 (which has been reversing the pair from the middle...
Gold Falters Around 1,900 Mark, Bullish Mood Dubious
Gold in the previous trading session transmitted a bearish reversal message around the 1,900 price hurdle, following a three-week rally from the 1,780 trough. The hanging man candle formation is receiving credence with the subsequent negative candle, which until now...