Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh...
Dollar Flirts with Key Support Levels Indicating a Rebound may be in the Cards
DXY rebounded from the short-term support area of 105.50 after the dip following the release of the FOMC Minutes. The bounce is more of a technical one as EURUSD formed a double top at the 1.0450 zone...
IIF: EU economy may fall into recession soon
According to the Institute of International Finance (IIF), next year the world economy will grow by only 1.2%, that is, growth will be as weak as in 2009, and the eurozone economy will shrink by 2%...
FOMO Friday: GBPUSD Hits 3 month Highs
GBP Continues to Fight BackWith the holiday shortened week in the US due to Thanksgiving, it’s been a quieter session for markets this week. However, we’ve seen some important developments and while...
Crude Chronicles - Episode 164
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions once again last week. Total upside exposure rose to around 278k...
Fed Pause in Tightening Looms Large according to Fed Minutes & Incoming US Data
US equities posted a buoyant reaction to the minutes of the Fed meeting, released on Wednesday. The report showed that the majority of FOMC members judged that it would be appropriate to slow down the...
Hunt for Yields Pressures Dollar as S&P 500 Reclaims Key 4000 Level
The Composite PMI Index in the EU remained in the zone of depression for November (47.8 points), slightly better than October, but still pointing to a reduction in activity in the European economy....
OECD Flags Fresh UK Growth Fears
OECD Bearish on UK GrowthThe latest report from the OECD yesterday has cast further dark clouds over the UK economy. The group warned that the UK, the fifth largest global economy as of last year, is...
Oil prices plunge on hints OPEC may raise output
European stock markets are down, STOXX 50 lost 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, with USDCNY rate...
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