Copper and USD/CHF have a high negative correlation!
As long as the correlation holds, traders who don’t have access to trade copper can use USD/CHF as a proxy.
Technical Tuesday: USD/CNH, WTI, S&P and Russell
In this week’s edition, we are getting technical on USD/CNH, crude oil and a couple of US equity indices.
BHP share price pops on bumper profits and record dividend
BHP earnings have exploded to their highest level since 2011 and allowed the miner to pay a record dividend to investors.
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AUD/USD: Where to next?
With poor economic data and a rate cut from China, it was almost a perfect storm for commodity currencies to sell off, particularly, AUD/USD.
Growth concerns return to the forefront
Crude leads commodities slump on weak Chinese data and US Empire Manufacturing Index plunges into negative
Commitment of traders report (COT): Yen traders are increasingly bullish
The divergence between market positioning and yen futures pricing continues to widen, with large speculators piling into fresh long bets and dragging net-short exposure lower.
Crude oil drops again with WTI below $90
US crude oil prices could be heading towards low- to mid-$80s.
Gold attempts breakout as yields dip
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise.
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
How does market share determine profitability?
Market share compares a company’s sales with the total sales of the market it’s in to determine how dominant it is. A high market share may indicate high profit, growth, and quality of goods and services. Learn how to calculate market share and how to use it when analyzing a company.
Gold holds post-FOMC bounce ahead of GDP
Expectations that inflation will soon peak and that the economy will deteriorate further points to a contractionary monetary policy stance from the Fed in 2023
Natural Gas at 14 year highs after EU agrees to cut 15%
If Russia continues to harass Europe by threatening to shut off gas flows, the commodity could move much higher.
Precious metals start busy week firmer
Investors know that front-loading of interest rates around the world is only going to bring a potential recession – and therefore interest rate cuts – sooner.
Two trades to watch: DAX, Oil
Dax falls ahead of IFO business sentiment data. Oil extends declines with Fed in focus.
Gold edges closer to the trap door. Will it fall or recoil?
Fresh cycle lows for gold today as it printed a low near $1683, a level not seen since August of 2021.
Will gold stage a recovery from $1700 key support?
Gold bulls were hoping to see an end to the 5-week losing streak
Two trades to watch: DAX, Oil
DAX rises as sentiment improves. Oil rises over the 200 DMA, supported by a weaker USD.
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Gold rises, dollar slumps despite hot CPI
Hot CPI readings may hurt the economy so badly that the Fed may start cutting rates again in as early as Q1
Oil takes a hit as recession and Covid fears loom
The German ZEW and the continued on again/off again lockdowns in China are contributing to fears of a global slowdown or recession.
Recession Trade Keeps Risk Assets Under Pressure
Fears over a recession continues to drive financial markets, with commodities feeling the heat
Crude oil plunges as recession fears intensify
WTI has plunged about $10 from the highs to fall below $100 and was still going lower at the time of writing
Q3 Outlook: What to expect from the coming quarter?
Stocks and treasuries plunged in the first half of 2022 as inflation and recession fears rose. What can we expect in Q3? Here we look at the main themes set to drive the markets and how they could influence the different areas of the market.
What’s driving the global markets right now?
Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets