Oil Oil prices dropped during early Tuesday trading, as the markets appear increasingly convinced that a global economic slowdown is coming. With inflation remaining high and forcing central banks and fiscal authorities to withdraw stimulus, an energy crisis in Europe that appears to be about to get worse and trigger a recession, and disappointing demand…
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European Shares Global markets slid lower everywhere at the start of the new week, as appetite for riskier assets decreased and lingering dark clouds continue to overshadow market sentiment. While monetary tightening, inflation and the prospect of slower growth have been dampening the markets of late, today’s risk aversion came from China. Investors chose to…
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A better-than-estimated figure would suggest the US economy is in a better shape than initially expected, which could provide the Fed with more room for further aggressive moves. On the other hand, a disappointing number would suggest the recession is increasingly unavoidable, which should trigger further panic moves and fear trading on the market. Ricardo…
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On the old continent, investors are keeping an eye on the political situation in the UK after PM Boris Johnson said he won’t give up his seat despite a slew of resignations from his ministers. Cable stabilized around 1.1900 while the FTSE-100 index is trading sideways, between 7,300pts and the 7,000-pts mark, as investors wait…
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Against this backdrop, with the Fed leading the pack, there may be further upside for the US dollar, especially as recession fears will also support it, due to the greenback’s haven appeal. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not…
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Against this backdrop, today’s pause in the rise of prices comes as investors weigh the potential impact of the looming recession on future fuel demand; whether this pause will last remains to be seen, but the current scenario, where demand outstrips supply, would normally support further prices increases. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions…
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With commodity prices falling and recession fears growing, some now believe that the Fed will not be able to go as far as previously expected, in terms of tightening, in a dynamic that is shifting expectations towards a slightly lower benchmark US rate than had previously been expected, creating scope for further dollar weakness. Ricardo…
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On the chart, the picture is generally neutral aparts from moving averages. Volume is low so far this week and the slow stochastic is almost exactly neutral at just above 50. The 50 SMA is the main technical reference at the moment, with movement above there unlikely unless traders receive positive new information of some…
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Also offering support to the American currency, is the growing likelihood of an economic recession, triggered by the withdrawal of stimulus; a scenario that increases demand for the relative safety of the dollar. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is…
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European Shares Markets opened in the green in Europe at the end of the week, extending gains registered in Asia overnight, with tech shares leading the way. Market sentiment improved yesterday after Fed Chairman, Jerome Powell, reaffirmed his “unconditional” will to tame down inflation. However, while some investors perceived these words as good news, others…
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