Lumber (Timber) Silver (XAG/USD) Outlook:Lumber prices on high alert amid weather concernsInflation and stimulus continue to support commodity pricesSilver (XAG/USD) prices remain vigilant around key psychological level of $25Inflation, Lumber and SilverWhen inflation concerns began to flare, the demand for commodities such as lumber, copper and silver (XAG/USD) ...
During today's session, the market's attention will no doubt be focused on the words of European Central Bank President Christine Lagarde, following the ECB’s meeting. In principle, the ECB is not expected to depart from the US Federal Reserve's script, so no changes are expected to...
NYSE:AMC dips 0.97% as reopening stocks were hammered on Monday to start the week. AMC business could suffer as investors fear potential new restrictions.  Ticket sales at theaters plunged this past weekend, after hitting pandemic highs the week before. NYSE:AMC seems to have the deck stacked against it right...
Key Talking Points:EUR/USD jumps then reverses as ECB delivers policy guidanceInflation continues to be below targetAsset purchases to remain in place until rate hike is necessaryEUR/USD has attempted to pick up some bullish momentum as the European Central Bank leaves monetary policy unchanged, but the gains have quickly reversed....
EUR/USD trades close to recent 3-month lows near1.1760. Extra downside could see the 1.17 neighbourhood retested. EUR/USD extends the bearish note and remains well offered in sub-1.1800 levels on Tuesday. So far, spot seems to have met decent contention in the 1.1770/65 band, where sits the 2020-2021 support...
EUR/JPY breaks below 129.00 to new 4-month lows. The risk aversion sentiment deflates somewhat on Tuesday. US housing data next on tap in the calendar. EUR/JPY bounces off lows in the 128.90/85 band on turnaround Tuesday. EUR/JPY stays capped by the 129.50 area The weekly downside in...
Crude Oil, Gold, Covid, Treasury Yields – Talking PointsCrude oil puts in the largest drop of 2020 after OPEC+ agreement Surging Covid cases across Asia, elsewhere, driving demand fearsGold prices...
GBP/USD witnessed some heavy selling for the fourth consecutive session on Tuesday. Brexit woes, COVID-19 jitters continued acting as a headwind for the British pound. A modest USD strength further contributed to the ongoing decline to multi-month lows. The GBP/USD pair dropped to five-and-half-month lows during the mid-European session,...
NEW ZEALAND DOLLAR, NZD/USD, STOCKS, EARNINGS – TALKING POINTS:New Zealand Dollar accelerates lower in risk-off APAC tradeMarkets may look to the day’s earnings reports to lift sentimentNZD/USD flirts with key support break, may expose 0.68 mark The New Zealand Dollar underperformed while as Asia-Pacific markets followed Wall Street lower,...
GME ended Wednesday in the red at $185.81, down roughly 3%. GameStop has signalled something bullish by being green in a sea of red on Monday. GME and meme stocks roar on Tuesday as risk is back on. Update July 22: Gamestop GME snapped a two-day uptrend and fell 2.81%...