There weren’t many safe places in 2022, but energy was one of them. Oil ended the day on a tear, rising $2.03 to $80. 3, the first annual gain above $80 since 2013. It...
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Heads up for Chinese data to be published over the weekend – official PMIs for December
On Saturday, December 31, 2022, China’s National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP) will release their December PMIs. , The December results are likely to show the negative...
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EQUITIES SEEN HIGHER BY THE END OF NEXT YEAR – JP MORGAN
According to JP Morgan economists, the stock has withstood the macro issues that will begin to emerge in 2023 and looks increasingly attractive. BULL CASE FOR STOCK „While we are not calling for a...
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USD/CHF RESUMES ITS DOWNTREND AND HITS FRESH WEEK LOWS BELOW 0.9245
Dollar plunges 0.5% on the day to test a weekly low at 0.92 5. US Treasuries fall on negative market sentiment. Concerns over rising cases of COVID-19 raise doubts about China’s economic recovery. The...
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US major indices close lower on the day
Major US indexes ended the last day higher to send stocks to 2022 lows and session close. All 11 sectors of SandP were closed for one day, one week and one month. The decline...
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South Korean Nov industrial output +0.4% m/m, a rebound after losing for 4 straight months
South Korea November data: industrial production s/adj 0. % m/m (expected -0.8%, previously revised -3.5%) industrial production -3.7% y/y (expected – .0%, previously -1.2%) service sector production s/m/m -0.6% m/m (previously -1.1%) retail sales...
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AUD/USD Forecast: Threatens to Break Down
The 200-day EMA also seems to be offering some resistance, so it all ties up quite nicely. Whether that’s true or not is another question entirely, but I think it’s at least worth further...
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WTI Crude Oil Forecast: Pulls Back
It also looks like some of the bigger players jumping online could boost demand, but there is a bit of a lag between China’s reopening and high oil demand. West Texas Intermediate crude pulled...
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S&P 500 Forecast: Gives Up Early Thrust Higher
On the downside, if we break below the 50-day EMA and then of course the 3900 level, I think the market will break. The SandP 500 rose slightly during Thursday’s trading, but appears to...
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USD/INR Forecast: Continues to Threaten Resistance
The US dollar should strengthen if there is fear, but if we start to see the Federal Reserve indicating that it may weaken, we will see this market lower. , USD/INR rallied slightly during...
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