Day: May 18, 2023

Oil Traders Increase Longs… Slightly  The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions in oil last week. Total upside exposure was raised to 217k contracts from 215k contracts prior. The muted change has been reflected in the choppy price action we’ve seen recently in crude futures. While […]

Daily Market Outlook, May 18, 2023 Asian equity markets posted gains overnight as the region followed the positive momentum from Wall Street. The rally in stocks was driven by optimism surrounding regional banks and progress in debt ceiling talks.The Nikkei 225 surged by 1.5% at the open, supported by reports of potential subsidies for Japanese […]

The market’s most traded currency pair continues to retreat on Wednesday. The current EURUSD quote is 1.0860. Investors are even more interested in safe-haven assets than before. This is due to the issue of the US government debt limit. In these circumstances, the US dollar is looking increasingly attractive. This will continue to be the […]

Daily Technical Trade Setups For Apple, NZDJPY & CADCHF To access today’s actionable analysis, click here! Source: Tickmill

Musk Shares Dim View on Economy  Tesla shares are trading higher ahead of the open today on the back of the annual shareholder meeting yesterday. The event was an interesting one. CEO and founder Elon Musk was seen striking a tone of caution over the economic outlook and warned that Tesla would not be immune […]