Oil Traders Cut Longs Last WeekThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts...
IMF Warns Of China Econ Downgrade Over Covid Policy
IMF Concerns Over China Covid PolicyThe focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s...
Dovish ADP Sends Dollar into Decline as Markets Price in a Soft NFP Report
Inflation in the EU declined more than expected, from 10.6% to 10% in November. The main contribution to the favorable dynamics was made by energy prices. The market, as well as the ECB, will be...
EURUSD poised to extend downside trend after dovish German inflation report
Buying pressure in equity markets remained quiet on Tuesday, cyclical stocks dipped due to worsening global economic prospects. The mass protests in China against the harsh lockdowns and the continued...
Powell and NFP Risk may Renew Demand for Battered USD
The intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more worried...
Precious Metals Monday 28-11-2022
Metals Under Pressure on Monday The metals market is seeing a rather lacklustre open to the week with both gold and silver under selling pressure across early European trading on Monday. A fresh...
Dollar Flirts with Key Support Levels Indicating a Rebound may be in the Cards
DXY rebounded from the short-term support area of 105.50 after the dip following the release of the FOMC Minutes. The bounce is more of a technical one as EURUSD formed a double top at the 1.0450 zone...
IIF: EU economy may fall into recession soon
According to the Institute of International Finance (IIF), next year the world economy will grow by only 1.2%, that is, growth will be as weak as in 2009, and the eurozone economy will shrink by 2%...
FOMO Friday: GBPUSD Hits 3 month Highs
GBP Continues to Fight BackWith the holiday shortened week in the US due to Thanksgiving, it’s been a quieter session for markets this week. However, we’ve seen some important developments and while...
Cookie Policy: The Tickmill website uses cookies. By continuing browsing the page you automatically agree to our use of cookies. For more information on our cookie usage, on how to change cookies and their settings see our Cookies Policy.