Oil prices are likely to rebound firmly as IEA has stepped up demand forecasts. Substitution of natural gas to oil ahead of Winters is strengthening the black gold. Trimmed odds for …
WTI corrects to near 93.00, upside remains favored on higher demand forecasts Read More
WTI retreats from one-week high, probes two-day uptrend. OPEC, EIA anticipate world energy demand to ease in 2022, and increase next year. Mixed sentiment, light calendar could restrict short-term moves. …
WTI eases towards $93.00 on OPEC/EIA demand forecasts, USD rebound Read More
USD/CAD extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY …
USD/CAD battles the 200-DMA after US PPI decelerates Read More
Here is what you need to know on Thursday, August 11: Equities Looks like the rally may be finally running out of steam as gains are harder to come by …
Wake Up Wall Street (SPY) (QQQ): Is this rally running out of fuel? Read More
SPY ETF continues to rally as benign CPI reports file more risk. Will the Fed agree that bond markets remain calm as volatility drops? Fed on summer holidays, so no rate …
SPDR S&P 500 ETF (SPY) News and Forecast: How far will this rally go? Read More
The 200-period EMA is acting as a major barricade for the counter. A bullish flag formation adds to the upside filters. The RSI (14) is attempting a break above 60.00, …
WTI Price Analysis: Bulls struggle around 200-EMA, $92.00 a critical hurdle Read More
Asian equities have soared while Nikkei225 has pathways and has eased 0.65%. Signs of exhaustion in the inflation rate have cheered the risk-perceived assets. Oil prices have surpassed $90.00 despite …
Asian Stock Market: Softer US Inflation infuses adrenaline rush, oil soars Read More
EUR/USD has tumbled to near 1.2850 amid a significant recovery in the DXY. A lower US CPI print has trimmed the odds of hawkish guidance while rate hike odds are …
EUR/USD corrects below 1.0300 as DXY strengthens ahead of US Michigan CSI Read More
USD/CAD bounces off two-month low as US dollar licks post-inflation wounds. Headlines surrounding China, Fedspeak favors DXY’s corrective pullback. WTI crude oil grinds higher ahead of OPEC, IEA demand forecasts. …
USD/CAD pares US inflation-led losses below 1.2800 despite firmer oil prices Read More
WTI crude oil struggles to keep the US inflation-linked bullish bias. Resumption of Russian oil pipeline flows after six-day halt challenges US CPI-led advances. EIA inventory build, Fedspeak and challenges …
WTI fades US inflation-led rally below $91.00, focus on OPEC, IEA demand forecasts Read More