Day: June 10, 2022
The United States equities markets tumbled on June 10 after the Consumer Price Index (CPI) report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in the key interest rate of 3% by […]
Economists at Jefferies, like those at Barclays, now expect the Federal Reserve to hike by 75 basis points at the June 14-15 policy meeting “as inflation expectations begin to de-anchor.” In a note, Jefferies economists Aneta Markowska and Thomas Simons wrote that Friday’s inflation data — both the CPI and UMich inflation expectations — “are […]
ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Beluga, ISIN BE0003723377 on Euronext Brussels will re-open on 13/06/2022 at 11:30 CET. Source: FSMA
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Doji reversal pattern close to the resistance level, USDCAD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.2595. However, an alternative scenario implies that the asset may grow […]
BRENT As we can see in the H4 chart, after testing 8/8 earlier, Brent has rebounded from it. In this case, the price is expected to break 7/8 and continue moving downwards to reach the support at 6/8. However, this scenario may no longer be valid if the asset breaks the resistance at 8/8 to […]
Type: Bearish MomentumKey Levels:Resistance: 4303.25 Pivot: 4159.25Support: 3888.25Preferred Case:On the h4, with price moving into a bearish pressure area on the MACD indicator and moving in a descending trendline, we have a bearish bias that price will drop from the pivot at 4159.25 to the 1st support at 3888.25 in line with the 78.6% fibonacci […]
Type: Bullish RiseKey Levels:Resistance: 103.960Pivot: 102.925Support: 102.240Preferred Case:On the H1, price is moving above the ichimoku cloud and along the ascending trendline which supports our bullish bias that price will rise from the pivot at 102.925 where the swing low support is to the 1st resistance at 103.960 in line with the swing high resistance, […]
Global financial markets and crypto sold off after June 10’s 8.6% CPI print showed inflation remains a persistent challenge. 1483 Total views 26 Total shares Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since […]
Major U.S. stock indexes finished sharply lower Friday, after a May reading of inflation showed no signs of a slowdown in high costs of living. The Dow Jones Industrial Average DJIA, -2.73% tumbled about 881 points, or 2.7%, to end near 31,392, while also booking a 4.6% weekly skid. That marked the worst daily percentage […]
Gold prices soared on Friday after May inflation data came in hot, shattering hopes that high costs of living in the U.S. might be buckling as the Federal Reserve works to tighten financial conditions. Gold for August delivery GCQ22, +1.38% shot up 1.2% on Friday, adding $22.70, to settle at $1875.50 an ounce on Comex. […]
