USOIL Weighed by Mr Powell’s Hawkish Remarks
USOIL was brought down by Fed Chair Powell’s hawkish testimony, which reinforces the higher-for-longer narrative, but finds some reprieve by the drop in US stockpiles
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USOIL was brought down by Fed Chair Powell’s hawkish testimony, which reinforces the higher-for-longer narrative, but finds some reprieve by the drop in US stockpiles
Chair Powell opened the door to an acceleration in the pace of tightening during his two-day Congress testimony, but the tech-heavy index shows resiliency as market now brace for Friday’s jobs report
Watch today’s US Open for insights on the dovish hike by the Reserve Bank of Australia, persistent hawkish commentary by ECB officials and more, as markets brace for Fed Chair Powell’s Congress testimony
The RBA delivered another 25 bps rate increase, but provided a more tame outlook compared to the previous hawkish statement, suggesting the end of the tightening cycle may be near
The pair advanced last week and remains stuck within the daily Ichimokou Cloud, as markets brace for Mr Powell’s two-day Congress testimony, which starts on Tuesday
Elon Musk unveiled its third Masterplan for Tesla, which was focused on cost reduction and efficiency, but was light on specifics and did not include a new affordable car announcement
The pair started the day strong, but erases much of its earlier gains, as BoE Governor Bailey does not commit to more rate increases
China’s official manufacturing PMI posted its highest figure since 2012 in February, helping USOil look past another US stockpile built-up
FXCM’s CHN50 basket is in uptrend. It has charted a higher trough followed by a higher peak. The current down-leg appears corrective, retracing to the previous up-leg’s 76.4% Fibonacci level. CHN50 could find support at this level and chart the next higher trough in the series. Its RSI remains on the bullish side of 50, but is near dropping below (black ellipse). The longer it stays above 50, the greater…
Watch today’s US Open for commentary on the recent hotter than expected US PCE inflation, the EU/UK trade agreement over Northern Ireland and more
The pair is choppy amidst another surge in Japan’s inflation and comments from the BoJ Governor nominee, as markets now brace for the US PCE inflation update
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