Crude Oil Stalls Ahead of OPEC Meeting

2020-08-14

  Source: IG Charts IG Charts Crude Oil Fundamentals Highlights. Crude oil blocked on the upside O PEC meetings U.S.-China compliance review to set early tone   of clients are net long. The client is a net short. Change exquisite short (finance) OI daily 13% -12% 1% weekly -4% 5%Read More →

Charles Schwab: Dollar likely to continue to weaken

2020-08-14

  Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →

Nasdaq 100 falls on consumer confidence report

2020-08-14

  Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →

RBNZ Preview: Eight major banks expectations

2020-08-11

  The Reserve Bank of New Zealand (RBNZ) will announce its Interest Rate Decision on 11 June at 02:00 GMT. The market consensus is for the RBNZ to stay on hold and to expand the size of the Large-Scale Asset Purchase (LSAP) from the current NZD 60 billion. Here areRead More →

Euro bulls persistent on topside resistance

2020-08-06

  EUR/JPY Price Analysis: INFLUENTIAL MACROECONOMIC BACKDROP PULLING THE STRINGS Despite the poor GDP data of many restricted countries in the Eurozone, the euro has remained strong against the yen. Despite the expected sluggish numbers, the data of many countries were worse than expected, which unexpectedly did not prevent theRead More →

Long-Term USD Trends in Focus Ahead of FOMC

2020-07-29

  FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →

Nasdaq May Fall as Valuation Stretched Close To “Bubble” Level

2020-07-25

  Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →

Gold hits new highs, approaching the $1,810 level

2020-07-17

  Widespread Dollar weakness helped Gold regain positive traction on Friday. A further decline in US bond yields continued to support this positive development. The bulls appeared to be relatively unaffected by the positive mood in global equity markets. Gold continued to gain ground during the mid-European session and wasRead More →