Recent key news affecting oil prices today Crude markets remain anchored near multi-month highs as persistent geopolitical friction and logistics bottlenecks redefine energy risk premia. With Middle East shipping disruptions complicating global…
Earnings season is upon us again. And as is usually the case, Wall Street’s biggest banks are the ones to get the ball rolling as they did yesterday. We had the likes…
Gold got once again hit by another jump in oil prices, with WTI reaching a new weekly high yesterday. The Houthis are intensifying attacks on Saudi Arabia, leading to renewed supply disruption…
Introduction Momentum indicators help traders understand market direction. In this article, Elev8 broker looks at various momentum indicators, including the 14-week Relative Strength Index (RSI), overextension analysis, and traders’ positioning as per…
European equities are kick starting the day on a more positive note, with major indices posting modest gains at the open. Here’s a snapshot of how things are playing out to start…
Spain September final CPI +4.9% vs +4.9% y/y prelim Prior +4.3% Spain September final HICP +5.0% vs +5.0% y/y prelim Prior +4.6% Spain September core CPI +3.1% y/y Prior +2.9% The final…
The $4,200 mark has been a key battleground for gold in the past two weeks, and it could once again be part of the trading action today. The precious metal will face…
Germany September wholesale prices +1.9% m/m Prior +0.9% Germany September wholesale prices +8.7% y/y Prior +6.8% The annual estimate indicates that German wholesale prices are 8.7% higher in September this year compared to…
There aren’t any major expiry levels to take note of on the day, with the full list seen below. There are a couple of expiry levels that stand out but they are…
There’s a lot riding on the US CPI report later today, especially with Treasury yields having threatened multi-decade highs over the past week. Going into the report, the consensus is that headline…
China factory inflation hits 5%, fastest in over four years, as CPI lags at 0.9% Lagarde: no second-round effects yet, but ECB can’t wait until they are in full view Goldman Sachs…
The gap between surging factory prices and subdued consumer inflation points to an oil-driven cost shock, not demand-led inflation. That makes crude and commodity prices the main driver of China’s price data…
