Federal Reserve Bank of Chicago economists forecast that inflation will decline without pushing the US economy into a recession. They also described a Goldilocks scenario for a soft landing in a recent study. Inflation may fall below 2% by next year, negating the need for any rate increases.Stefania D’Amico and …
Read More »WTI expected to close a winning week
WTI crude rose by over 0.70% on Friday, reaching $88.00. However, the daily chart shows exhaustion signals, suggesting tighter supply is a tailwind for oil prices. Global weakening demand may cap gains. The West Texas Intermediate advanced near $88.00 and settled below $87.00, still poised for a 2% weekly gain. …
Read More »USD/JPY approaches 148.00 on softer Japanese wages
The USD/JPY pair surges by 0.30%, moving closer to 147.70. In order to prevent the BoJ from being pressured to change course, the USD is declining and the DXY Index is consolidating after rising to a multi-month high of 105.15 after Japan released weak GDP and earnings data.After Japan released …
Read More »Sterling volatility squeezes amid uncertainty over interest rate outlook
The Pound Sterling has found intermediate support amid global uncertainty over the interest rate outlook. The GBP/USD pair finds an intermediate cushion, but the broader bias remains bearish as investors expect policy divergence between the Fed and the Bank of England may not vanish this month.BoE policymaker Swati Dhingra warned …
Read More »Oil prices stabilize amid Saudi cuts and pessimistic economic expectations
Oil prices stabilized on Friday as investors weighed the impact of both concerns about the state of the Chinese economy and supply cuts from Saudi Arabia and Russia. The two benchmark crude oils reached their highest levels in ten months this week after Saudi Arabia and Russia extended their voluntary …
Read More »European stocks stabilize after a seven-day sell-off
European stocks rose slightly on Friday, with investors snapping up shares in luxury goods and technology companies that fell sharply after a wide range of concerns, including the possibility of continued high US interest rates and a slowdown in the European economy, negatively affected sentiment this week. The European STOXX …
Read More »The Nikkei index faces a weekly loss due to interest rates concerns
Japan’s Nikkei index fell by more than one percent on Friday, incurring its first weekly loss in three weeks after following the path of Wall Street in light of fears that the Federal Reserve will tighten its monetary policy and that China will extend a ban on iPhones. Technology and …
Read More »Gold is heading for a weekly decline in light of the strength of the US economy
Gold rose slightly on Friday as the dollar retreated from its high levels, but the precious metal is still on track to record a weekly decline as investors focus on the increasingly strong US data. Gold rose in spot transactions 0.3 percent to $1,925.14 per ounce by 0545 GMT, but …
Read More »Nasdaq: Negative pressure is on 9/2023
Oil, Crude, trading
Read More »Dow Jones is trying for a temporary rise 8/9/2023
Oil, Crude, trading
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