WTI SINKS TO NEW EIGHT-MONTH-LOWS, BELOW $80 PER BARREL
WTI tumbles more than 7.50% weekly, registering a fresh 8-month low. Global S&P PMIs in September increased worries of a worldwide recession, weighing on WTI. WTI Price Analysis: A break…
USD/CHF PRICE ANALYSIS: CLIMBS TO FRESH TWO-WEEK HIGHS ABOVE 0.9800
USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851. The…
US dollar extends to fresh highs across the board
What will stop the dollar? A Fed pivot might but don’t hold your breath. Powell speaks in a few minutes but it’s a Fed Listens event and those are not…
The Flight of XRP and the Crypto Market Uptick
itcoin has gained 3.8% in the last 24 hours to $19.4K. Quotes have stabilised near the lower bound of the three-month range. Ethereum gained temporary support after falling below $1300…
Gold is no longer an anti-inflation tool
Gold has always been seen as an anti-inflationary tool. However, its continued decline since the beginning of the year amid high consumer prices has shown the opposite. The quotes are…
Putin will continue a series of meetings on the situation in the economy
Earlier, Prime Minister Mikhail Mishustin said the government planned to present the president with a budget package for 2023-25 next week. „The President will continue a series of meetings on…
Allianz share: The low for the year could become the price target again
In the last two days, the Allianz share found a technical support around the 172 euro mark. The two daily lows were found at EUR 171.48 and EUR 171.90 before there…
SILVER PRICE FORECAST: XAG/USD RECLAIMS THE $19.00 MARK, GAINING 3.86% IN THE WEEK
Silver price is erasing Thursday’s losses up by almost 2% on Friday. September’s US economic data justifies the Fed’s 75 bps rate hike. The US Consumer Sentiment improved, showing US…
US equities find some life late but the weekly chart and seasonals are ominous
Closing changes for the main US markets: S&P 500 -0.6% Nasdaq composite -0.8% Russell 2000 -1.7% DJIA -0.4% On the week: S&P 500 -4.8% — worst since week ending June…
What is happening in the crude oil market? | USOIL (WTI) and Brent crude could reach $91.50 and $97 respectively
US commercial oil inventories rose 2 million barrels last week after rising 8.8 million the previous week. This dynamic is part of seasonal patterns, with stocks starting to fill around…