Oil markets recover but volatility is never far away

USOil, H1 Oil prices have backed up from Friday’s lows and the front end WTI future saw a high of $72.16 per barrel this morning, as markets mull OPEC action. Russia’s Deputy Prime Minister Novak said a meeting of the OPEC+ joint ministerial monitoring committee […]

New Covid Variant: How Worried Should Traders Be?

As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as “omicron”. And now we all want to know what that means for the markets going […]

GBPJPY End of Correction Hints At Fresh Highs!

In the long run, GBPJPY seems to be forming a cycle impulse. Now the third part of this impulse, wave III, is under development. Only the second half of the bullish impulse wave III is visible on the current chart. It seems that the price […]

Intraday Market Analysis – Yen’s Rally Gains Traction

EURJPY breaks double bottom The safe-haven Japanese yen soars on news of a vaccine-resistant covid variant. A bearish MA cross on the daily chart indicates weakness in the euro’s previous rebound. The pair has closed below last September’s low at 127.90, a major floor to […]

Gold Weekly Review

The weakening of the global stock market last week, the sharp decline in global bond yields, the hot ball of inflation and fears of a new virus variant continue to color the fluctuations in metal commodity prices. The new virus variant and increasing cases in […]

Market Update – November 29 – Omicron dominates sentiment

USD (USDIndex 96.30) recovers from Fridays slump (95.98), Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid) risk off day. (and a strange carry trade bid for […]

The Week Ahead – Markets Fly to Safety as New Variant Looms

EURUSD slides as Europe battles fifth wave The euro plunges as the pandemic situation worsens across the continent. A record rise in covid cases has prompted Austria and Germany to consider imposing another round of lockdowns, with others to follow suit. Now that Europe accounts […]

Events to look out for next week

Click here to access our Economic Calendar Stuart Cowell Head Market Analyst Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, […]

How Does Black Friday Affect the Markets?

After being closed yesterday, US markets will have a shortened trading session today. But a further distortion could come from many of the big traders deciding that coming into the office for half a day isn’t worth it, and taking the long weekend. Usually, this […]

Intraday Market Analysis: USD Pulls Back

USDJPY breaks support The Japanese yen recouped some losses after November’s Tokyo CPI rose to 0.5%. A bearish RSI divergence signaled a slowdown in the upward momentum. A break below 114.90 confirmed weakness in the rally and prompted buyers to close their bets. As the […]