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Gold breached all support lines, time to buy?
A stronger dollar makes XAUUSD less attractive!While gold is caught in the trap of sellers, it is weaker against the US dollar. Spot gold lost 1.6% to $1,735 per ounce against the US dollar to test its lowest price since mid-December.While the focus...
City and China, Oil killers!
Oil is recovering after the worse day in three months!Oil prices on Wednesday could recover a bit after yesterday's free fall. Earlier today, WTI could recover some of its loss. However, concerns about demand destruction remain in the background. On...
DXY in new records, as Yields are decreasing
Stagnation seems more real every dayAfter a long holiday weekend, the US dollar started a trading week with a super bull run, printing new records. On the stock markets, prices are falling rapidly, and rates are back under 3% for 10-year benchmark Tr...
Futures' growth on the US holiday, can it continues?
Putin's order to continue the military advances in Ukraine cannot help the global recession and sky-high inflation.While the US market was closed due to the Independence Day holiday, positive sentiment in Asia encouraged market bulls. It is expected...
Can China save the global economy?
Eyes are where that many believe to be the leading cause of these problems.The latest data from China showed that Friday's manufacturing activity increased the hopes that the world's second-largest economy and the largest factory in the world could o...