Crude Oil Q4 Technical Forecast: How High Can it Go?
Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside
Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside
US Fed Policymakers will no doubt breathe a sigh of relief as Core PCE data cooled in August. Short-term US interest rate futures barely moved however, as market participants still see the rate hiking cycle as done.
Gold prices have staged a modest pullback after falling below their 200-day moving average
Outlook on Nikkei 225, FTSE 100 and S&P 500 as the oil price, US yields and greenback retreat from their lofty heights.
GBP prices strengthened against the USD on the back of UK GDP numbers as well as dovish Fed talk which left the US dollar trading lower this morning.
Crypto markets enjoyed a largely positive day following the lates ETH Futures ETF application by the VanEck group. Is the crypto rally still on the cards for Q4?
USD/JPY halts its advance, but clings to 11-month highs ahead of Friday’s key U.S. personal consumption expenditures data that may set the tone for the U.S. dollar in the near term.
EURO Bulls spur on recovery attempt ahead of key risk events tomorrow which could send EURUSD back toward the YTD low. Will the move prove sustainable?
Gold prices slip to multi-month lows as the US dollar grows in stature. Daily XAU/USD chart exhibiting bearish signals including death cross and triangle support breakout.
The prospect of lengthy production cuts trump any question marks over near-term demand to power prices higher.