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Poor PMIs underpin recession worries

This is the latest macro data to underscore worries about a sharp economic slowdown

Oil unlikely to hold rebound as recession fears intensify

A sharp slowdown in the global economy is now inevitable…

US open: Stocks tank on recession fears ahead of Powell’s testimony

US stocks are set to fall sharply on the open after yesterday’s rally proved to be short-lived and as all eyes are on Fed Chair Powell as his two-day testimony before Congress begins.

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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

FTSE falls as UK inflation rises

FTSE falls as UK inflation rises, Where next for the FTSE?, Oil tumbles ahead of Powell, Where next for WTI oil?

What’s going on with gold?

the metal has been stuck around its 200 MA as traders digest conflicting macro factors.

June 21, 2022 11:12 AM

Commodities breaking lower as demand concerns intensify

Weakness in China, stagflation across the world and rising prices hurt demand

Commitment of traders report (COT): DXY net-long hits 5-year high

Traders aggressively increased their net-long exposure to the US dollar index (DXY) ahead of last week’s FOMC meeting.

Two trades to watch: Gold, EUR/USD

Gold falls ahead of Powell. EUR/USD falls towards 1.05 ahead of EZ inflation.

Why you should watch the Baltic Dry Index as recession fears grow

The Baltic Dry Index has proven to be a reliable indicator of future global economic activity and could prove a useful tool amid the uncertain outlook.

US open: Futures plunge as inflation, recession fears rise

US futures are tumbling as the bond market flashes a recession warning signal. Investors fear an the Fed could have to act aggressively, pushing the economy into recession.

Two trades to watch: FTSE, Oil

FTSE falls as UK GDP unexpectedly contracts in April. Oil falls as COVID cases rise in China and on global growth concerns.

European Open: Futures point lower with a turbulent start to the week

Appetite for risk remained on the back ropes as Asian markets reacted to the hotter-than-expected inflation print from the US on Friday.

Two trades to watch: Gold, DAX

Gold edges lower ahead of US CPI. DAX extends declines after ECB rate decision and as inflation fears remain.

Natural Gas puts in new highs, again!

Natural Gas prices have recently turned aggressively higher as demand for oil alternatives has picked up.

Crude oil: Could we see 14-year highs in WTI soon?

From a fundamental perspective, the rise in oil prices comes down to simply supply and demand.

European Open: PMI’s and BOC meeting in focus

The collection of PMI data also includes the ISM manufacturing report for the US, alongside the BOC’s meeting.

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Oil slips on the last day of (another good) month ahead of OPEC

Whilst oil prices rallied for six consecutive months for the first time in 11-years, its last day of the month was a bit of a let-down for the bull camp.

Two trades to watch: Oil, EUR/USD

Oil rises to 2-month high ahead of EU vote. EURUSD rises ahead of German inflation, EZ consumer confidence.

European Open: Futures point higher, AUD/JPY probes key resistance

European index futures have opened higher, suggesting sentiment remains buoyant after Friday’s rally. And that could bode well for a potential breakout on AUD/JPY.

Two trades to watch: EUR/USD, Oil

EURUSD rises ahead of US inflation data. Oil steadies at a two-month high.

FOMC minutes confirm 50bps hikes in June and July (USD/JPY, GBP/USD)

Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet.

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.

May 24, 2022 01:37 PM