Tuesday at the market was quite calm, despite the potential storm that Powell's testimony in Congress today is supposed to bring. The head of the Fed will have a tough time: back in January, he...
Bitcoin and Silver are on the Rise
Bitcoin is undergoing a correction, approaching the supporting level of 21500. The asset might gain the required support, pull back, and head up. Also, the price of Bitcoin broke the local uptrend....
Precious Metals Monday 06-03-2023
Metals Recovery Continues - For Now Following the heavy declines seen over February, the metals complex has enjoyed a much firmer start to the month in March. Gold and silver have both seen...
EU inflation concerns mount as markets expect aggressive ECB moves
Morgan Stanley has upped their guess for the terminal peak rate of the European Central Bank in its latest central bank policy outlook, forecasting that the key interest rate in the eurozone will go...
Price Component may be the Key Thing to Watch in Today’s ISM Report
Today, market participants’ focus is on the ISM's US non-manufacturing activity index. Services account for more than 70% of US employment, so activity in this sector is more closely correlated...
FOMO Friday: Nikkei Takes Off
There have been plenty of key developments across the markets this week with plenty of moves to focus on as we begin the final month of Q1. Chatting with traders ahead of the weekend, it seems the...
The Crude Chronicles - Episode 174
Oil Traders Cut LongsThe latest CFTC COT institutional positioning report, the first to be released since January 27, saw oil traders pairing back their upside exposure. Net longs were reduced from...
Signals of a Hotter US Inflation Pile Up, Causing Deeper Rout from Fixed Income
Yields on 10-year bonds hit over 4% for the first time since November last year, after the ISM data came out on Wednesday. The key takeaway from the report was the signal of a sharp shift in the price...
EU Inflation Surprises Prompt Re-Pricing of the EU Interest Rate Curve, Lifts EUR
Financial markets face a difficult choice between two narratives: a soft landing in key economies after a period of high inflation (thanks to the restart of China's economy) and signs of a...
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