• October 6, 2022
  • Market News
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Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude oil prices are heading for the best week since Russia Invaded Ukraine. OPEC+ output cuts and an unexpected drop in US inventories boosted WTI on Wednesday before NFPs on Friday....
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  • October 6, 2022
  • Market News
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AUD/USD Chart Points to More Losses as APAC Markets Eye Australian Trade Data

The Australian Dollar looks primed to fall against the US Dollar on technical and fundamental grounds. AUD/USD is in focus as APAC traders eye Australia’s trade data due out today....
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  • October 6, 2022
  • Market News
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Gold Performance in Midterm Election Years – There’s a Bigger Trend Elsewhere

Any direct connection between gold prices and midterm elections may be spurious, at best....
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  • October 6, 2022
  • Market News
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S&P 500, Dow and Nasdaq Trim Losses

Major U.S. stock indices recovered from the day’s lows but ended in negative territory. U.S. Treasury yields and the dollar rose after better-than-expected ISM services PMI data....
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  • October 6, 2022
  • Market News
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Will the 2022 Stock Market’s Performance Influence the US Midterm Elections?

The performance of US equity markets during a midterm election year does not appear to influence the outcome at the polls, based on data going back to 1946....
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  • October 6, 2022
  • Market News
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Oil Price Soars Following OPEC Production Cut – Key Tests Ahead for WTI

Oil prices continue to push higher as OPEC+ agrees to a large production cut. $90/bbl WTI now in sight....
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  • October 6, 2022
  • Market News
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Gold Forecast: Recovery at Risk as US Dollar Soars; XAU/USD Rejected at Resistance

Gold and silver prices trade lower on Wednesday, pressured by U.S. dollar strength and a sharp jump in U.S. Treasury rates following better-than-expected U.S. economic data....
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  • October 6, 2022
  • Market News
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German Dax Technical Levels Hold – Fundamentals Cap the Upward Move

The German Dax has pulled back towards key support after a strong rally drove the index above 12,600. With oil outputs set to fall, the geopolitical backdrop may continue to threaten key support....
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  • October 5, 2022
  • Market News
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US Dollar Gains as Better-than-Forecast Services PMI Data Backs Case for Hawkish Fed

U.S. services activity expands for the 28th consecutive month in September, easing less-than-expected, a sign that the economy remains resilient for the Federal Reserve to continue additional hikes....
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  • October 5, 2022
  • Market News
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S&P 500, Nasdaq, Dow Jones Forecast: Bear Bounce or Fed Pivot?

Stocks put in a strong rally to start Q3 and already in Q4, many are asking if rates have topped and stocks have bottomed even as inflation remains brisk and above-target....
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