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Metals Are Still Bullish
Article By:
Gregor Horvat
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Thursday, June 29, 2023 11:54 AM EDT
Metals are still bullish, as we see corrective structures within uptrend from technical point of view and from Elliott wave perspective.
In this article: XME, PALL, JJC (RETIRED)
Will Stocks Resume Their Rally?
Article By:
Paul Rejczak
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Thursday, June 29, 2023 9:25 AM EDT
The S&P 500 index will likely open higher this morning. The market may get close to the 4,400 level again.
In this article: SPX
Forex Today: Japanese Yen Continues To Weaken
Article By:
Daily Forex
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Thursday, June 29, 2023 8:54 AM EDT
The Japanese Yen remains the weakest major currency, continuing to fall as the Bank of Japan avoids any non-verbal intervention while the Yen continues to depreciate. Yesterday saw the USD/JPY currency pair make a new 7-month high above ¥144.50.
In this article: FXA, FXF, FXY, NIB (RETIRED), BITCOMP
EUR/USD Forecast: Lagarde’s Hawkish Remarks Send Euro Higher
Article By:
Yohay Elam
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Thursday, June 29, 2023 8:38 AM EDT
Today’s EUR/USD forecast is bullish. The euro rose on Thursday after hawkish comments from ECB president Christine Lagarde. On Wednesday, leaders of the world’s major central banks reiterated their belief that further rate hikes would be necessary.
The Commodities Feed: Hawkish Fed Comments Weigh On The Complex
Article By:
ING Economics
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Thursday, June 29, 2023 7:52 AM EDT
Hawkish comments from the US Federal Reserve – that it could potentially raise interest rates in July and September – have weighed on the commodity complex this morning.
In this article: BNO, JJC (RETIRED), OIL, JO (RETIRED)
Central Banks’ Interest Rate Hike Signals Impact Energy Markets: Crude Oil
Article By:
The Private Banker
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Thursday, June 29, 2023 7:13 AM EDT
WTI crude futures decline amid concerns of further monetary tightening impacting global growth and energy demand.
Smaller Supply & Stronger Dollar Have Impacted US Demand
Article By:
Jerry Gidel
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Thursday, June 29, 2023 5:40 AM EDT
The corn market’s focus will be split between the US quarterly stocks & acreage reports that will both be released on June 30.
In this article: CORN
Softs Report - Wednesday, June 28
Article By:
Jack Scoville
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Wednesday, June 28, 2023 12:06 PM EDT
Cotton closed lower again on reports of more showers that continue to improve crop conditions in Texas and into the Southeast this week.
In this article: BAL (RETIRED), NIB (RETIRED), JO (RETIRED), SGG (RETIRED)
Stopping Action Detected: Get Ready For A Bounce At This Support Zone
Video By:
Ming Jong Tey
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Wednesday, June 28, 2023 5:45 AM EDT
A look at the current market conditions, specifically the pullback and the support zone to watch for a potential bounce.
In this video: SPX
Grains Report - Tuesday, June 27
Article By:
Jack Scoville
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Tuesday, June 27, 2023 2:36 PM EDT
Rice closed a little higher in new crop months again yesterday in consolidation trading. July closed higher as it recovers from the selling seen a week ago.