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In focus today In the euro area, we receive the Sentix investor confidence indicator, which is the first indicator of investor sentiment in September. Overnight, Chinese trade data for August is released. While exports recovered during H1, momentum has faded due to a weaker global manufacturing sector. Hence, one of China’s few growth drivers in […]

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News of the Week (September 9—September 13): EURJPY Market Spotlight

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04/09/2024

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold’s future performance. September is historically a challenging month for gold, which could further influence its trajectory. In the early European session, gold prices continued their downward […]
14/03/2024

Sunset Market Commentary

Markets ECB’s Stournaras this morning hijacked the headlines. The Greek governor said rates need to be cut soon: twice before the summer break (in August) and twice before the end of the year. He expects the first one to happen in June. Dutch hawk Knot sided with his Greek colleague insofar he is penciling in […]
28/08/2024

WTI Outlook: Fresh Fall of Oil Price Signals an End of Corrective Phase

Oil price declines for the second straight day after recent three-day strong recovery rally was repeatedly rejected just under 200DMA ($77.80). Subsequent weakness generated reversal signal following a break below pivotal support at $74.51 (50% retracement of $71.46 / $77.57 recovery leg, reinforced by 10DMA). Daily studies weakened (MA’s are back to full bearish setup […]