US open: Stocks fall as Snap sounds a warning
After yesterday’s rebound US futures are falling. A profit warning from Snap hit shares of social media companies. The Nasdaq is leading the charge lower.
US open: Stocks rebound after steep losses last week
Stocks are on the rise as investors look to change the tone after steep losses last week.
Commitment of traders report (COT): CHF bears begin to capitulate
Whilst the COT report shows us traders were their most bearish on CHF futures in 6-months, recent events and price action suggest some of those bears have closed out.
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European Open: EUR/USD eyes break of 1.06, potential bull flag on gold
The dollar is on track to break a 6-week winning streak, and the euro and gold may present a couple of opportunities around that theme.
European Open: Fed Evans thinks they need to go beyond ‘neutral’ rate
Hawkish comments from Fed Reserve member Charles Evans saw the US dollar catch a bid early in the Asian session.
European Open: EUR/USD grinds higher ahead of EU GDP and US retail sales
EUR/USD is a pair to watch today, given the line-up of GDP and employment for Europe, retail sales for the US and Jerome Powell speaking.
European Open: Reality check for risk as China data misses
Data from China clearly pointed the wrong way and knocked sentiment, but news that Shanghai is aiming to reopen threw in a degree of support.
Weekly COT Report: Metals continue to get hammered
The strong dollar and lockdowns in China have continued to see traders take a bearish stance on metals over the past four weeks.
European Open: Eyes on the euro and a potential 19-year low
EUR/USD came very close to breaking the 2017 yesterday, which would have taken it to its lowest level since December 2019.
The global energy crisis - when will it abate and what does it mean for oil?
As economies recovered from the pandemic hit, soaring demand, combined with a supply crunch sent energy markets reeling. Oil and gas prices surged to multi-year highs before falling. Will the energy crisis ease in 2022? And what will this mean for oil prices?
European Open: WTI rebounds above $100, UK GDP up next
Energy markets were supported by the rise in geopolitical tensions between Russia and Europe, which helped WTI print a firm close above $100.
Asian Open: US CPI didn’t provide the clear outcome traders hoped for
There was a lot of expectation that CPI would soften enough to provide confidence that inflation had peaked. Those expectations were not fulfilled.
Gold’s rebound despite CPI beat is impressive
So, has gold bottomed out, or this another false hope for the bulls?
Aluminum at support. What does that mean for AUD/USD?
Aluminum has been moving lower since fears of a slowdown began to sweep through the markets, and it is bringing AUD/USD lower with it.
Can the easing of supply chain pressures give CPI a break?
With key US inflation data scheduled for tomorrow, we take a look behind the curtain to see if it’s realistic to expect inflation to finally tail off.
Gold, Bonds and Stocks Continue Melt Down
As yields on government debt continue to press higher, investors are forced to get out of assets that pay low or no interest or dividend...
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ASX200 Afternoon Report May 9th 2022
The ASX200 has started the new week, shedding 86 points (-1.19%) to be trading at 7119 at 3.15 pm Sydney time.
Weekly COT report: Traders flip to net-short exposure on the euro
Traders flipped to net-short exposure to euro futures for the first time since early January last week.
Two trades to watch: DAX, Gold
DAX trades cautiously ahead of the Fed. Gold has fallen 1.6% so far this month on hawkish Fed bets is there more downside to come?
European Open: USD/JPY hugs 130 like an old friend it's about to leave
USD/JPY has been trading in a 20-pip range around 130 over the past 12 or so hours - a level we don’t expect to see it anywhere near this time tomorrow.
Natural Gas ekes out all-time highs
As Europe tries to rely less and less on Russia for its energy needs, the price of natural gas may continue to rise.
Technical Tuesday: DAX, GOLD and AUD/NZD
Technical analysis on some of the most interesting markets right now