Oil prices remain supported in tight markets, and while European gas prices corrected last week, Russia’s decision to cut supplies to Finland highlights the ongoing risk of a wider stoppage of Russian gas deliveries to the EU. Gold meanwhile has found a footing and bullion finally ended the run of weekly losses, while the risk … Read more
USD slipped again (USDIndex down a whole big number), Stocks rallied as Euro moved higher on rate hike expectations, Asian markets fell (Nikkei -0.97%) after Snap’s profit warning and US Futures are lower. Shanghai & Beijing tightening Covid rules, Biden no change to Taiwan policy, Ukraine is a global issue prodding neutral countries. Zelenskiy says … Read more
Trading Leveraged Products is risky Stock markets sold off, after a slide on Wall Street, with tech stocks in Hong Kong particularly under pressure. Tencent slumped after reporting no revenue and individual company reports aside markets are concerned by the impact of China’s zero Covid policy, The Ukraine war and … Read more
After Netflix’s hot streak during the pandemic, the situation has been reversed and the company is going through a time of slowing growth for multiple reasons, from inflation caused by the Russian-Ukrainian war to subscribers sharing their accounts, and in a matter of one quarter the price has fallen more than 75% of the total … Read more
Coffee prices have recently held on amid global demand concerns, including the Chinese government saying it will continue its strict Shanghai-Beijing pandemic lockdown, and the Russia-Ukraine war restricting Brazil’s coffee exports to those countries. In today’s trading, #coffee recovered from early losses and moved higher as the strengthening of the Brazilian real hampered export sales … Read more
The US Dollar fell again on Thursday against the Mexican Peso to breach the 20 level again. The chart shows that the 19.7241 level had been a significant support previously, so a continued decline of USDMXN to that support, for now, makes sense. But the possibility to form a double bottom in that area and … Read more
Major indexes were all underwater, In and out of bear market territory as worries about growth and concerns over inflation weighed heavily on investor and consumer sentiment. Companies continue to warn over the impacts of elevated inflation, including rising costs of labor, materials, energy, and transportation which are taking a big bite out of profits. … Read more
After reaching an all-time high around 4800 in December 2021, supported by massive stimulus and ultra-loose monetary policy from central banks globally, which helped spur the recovery of the global economy from the effects of the COVID-19 pandemic, global stock markets are broadly down this year, with the US500 down about 18% year to date … Read more
The growth outlook is looking shaky, yet with inflation going through the roof, the Central Banks remain on course for additional tightening measures. The Ukraine war and the standoff with Russia meanwhile remains a serious risk for the whole of Europe. Meanwhile the global industrial sector could benefit once China’s … Read more
USD slipped again, Stocks had a torrid day on Friday, but recovered in final hour, Bear market talk dominated weekend press. Asian markets rose, and US Futures up 1.6% after improvements in Shanghai covid news as isolation times were reduced, but record cases in Beijing. Biden in Tokyo, offered olive branch to Kimsays US recession … Read more