Equities keep more tentative on the session
I would say market sentiment is more cautious as we await US PCE data later today. Here’s a snapshot of the equity space right now: Eurostoxx 0.1D Germany DAX 0.1D…
US December PCE core inflation +4.4% vs +4.4% expected
Previous was .7D PCE core MoM 0.3% vs 0.3% expected Previous MoM 0.2D Core Inflation PCE 5.0% vs 5.5% before deflator MoM 0.1% vs 0.1% before income and November 2.…
EUR/USD Forecast: Threatening to Break Down after ADP Numbers
Jobs could be a catalyst, but now I think it’s much clearer that the US dollar is still needed and wanted, and the recent pullback in the dollar could present…
This year the US 10-year yield rose by the most since at least 1953
It is the most important chart in the world. When you watch TV, it’s about annual losses in the stock market, but there’s a lot more money in global bonds,…
Gold Forecast: Markets Fall Through Bottom of Rising Wedge
Remember that there is a severe lack of liquidity at the end of the year and gold can be somewhat volatile. The gold market is in a fairly strong downtrend…
NASDAQ 100 Forecast: Continues to Build a Bullish Flag
While I’m not a fan of owning the stock right now because I honestly don’t think the economics justify it, short-term trading may be bullish even in tech stocks, even…
EURUSD SIDEWAYS AROUND 1.0350, POSTS MARGINAL WEEKLY GAINS
The US dollar moves up and down during the US session without a clear direction. EURUSD rose during the week, far from the top. 200-day SMA 1.0 15 holds the…
GOLD PRICE FORECAST: XAUUSD CLINGS ABOVE $1750 AFTER DISMAL US HOUSING DATA
The price of gold ends the week with a loss of almost 1%. , US existing home sales fell sharply as the Federal Reserve continued to tighten monetary policy. XAUUSD…
BioNTech Stock: Important New Buy Signals, But…
While investors reacted surprisingly negatively to BioNTech’s quarterly numbers and 2022 growth forecast in the US stock market yesterday, the tide turned during the day. Shares of BioNTech rose from…
WTI Crude Oil: Weekly Forecast 30th October – 5th November
West Texas Intermediate rose late last week and is within $88.00 per barrel. Crude oil prices open this week near near-term highs on the West Texas Intermediate. After the weekend,…