Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?
US stocks erased strong morning gains and finished lower after better-than-expected US economic data triggered a jump in yields ahead of the Fed’s monetary policy decision on Wednesday.
Rates markets are set on a 75-bps rate hike this week.
EURUSD continues to trend lower as traders await tomorrow’s FOMC rate decision.
The Dax 40 has managed to rise above prior wedge resistance at the key psychological level of 13200 driving prices towards the next barrier of technical resistance at the September high of 13572.
Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss the September Federal Reserve rate decision.
US Manufacturing PMI comes in hot as traders prepare for tomorrow’s FOMC meeting.
Bitcoin prices are struggling to gain momentum after a slight recovery last week. With the Fed and BoE rate decisions on the horizon, BTC may continue to be challenged by technical areas of support and resistance.
WTI arrests slide as it posts first month of gains since May. Technicals are lining up for a potential breakout.
The Japanese Yen remains under severe pressure as global interest rate rises leave it a yield laggard.