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…
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…
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…
GBP/USD Forecast: Continues to Look to Lower Levels
The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything. As we are in the midst of the…
Eurostoxx futures -0.1% in early European trading
German DAX futures -0.3% UK FTSE futures flat There’s not a lot in it as we get things started on the new day. Risk tones are tepid while the dollar…
European equities lower at the open
Eurostoxx -0.5% Germany DAX -0.4% France CAC 40 -0.7% UK FTSE -0.2% Spain IBEX -0.6% The Nord Stream pipeline news isn’t providing much help to the regional outlook as gas…
FX Majors Weekly Outlook (15-19 August)
Tuesday: US Building Permits/Housing Starts. Wednesday: RBNZ Policy Announcement, US Retail Sales, FOMC Minutes. Thursday: Fed’s George and Kashkari. Following the strong labour market report, the US CPI last week…
US futures dribble lower on the session
That is keeping with the more subdued risk appetite, which more or less kicked off after a set of dismal economic releases from China earlier today. That prompted serious concerns…
ICYMI – BlackRock’s new private trust offers US institutions direct exposure to bitcoin
There are not a lot of details available from BlackRock as yet. A statement from the firm:“Despite the steep downturn in the digital asset market, we are still seeing substantial…