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S&P500 Forecast: SPX falls as China - US trade tensions rise

U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war

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Yesterday 03:36 PM
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EUR/USD, Oil Forecast: Two trades to watch

EUR/USD rises, but the outlook remains weak below 1.06. Oil rises ahead of inventory data & OPEC’s meeting later in the week

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Yesterday 10:46 AM

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Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week

U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.

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December 2, 2024 03:05 PM
Oil_rig

Oil forecast: WTI steadies for now, OPEC+ postpones meeting

Oil steadies after 3-days of losses. Easing tension in the Middle East saw the geopolitical risk premium fall. However, OPEC+ pushing back its December 1st meeting raises optimism the group will postpone unwinding oil production cuts. Volumes will likely remain low owing to the US Thanksgiving holiday.

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November 28, 2024 04:44 PM
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S&P500 Forecast: SPX muted ahead of core-PCE data

U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.

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November 27, 2024 03:36 PM
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Oil Price Forecast: Oil Bears Reassert Control– Crude Support in View

Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.

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S&P500 Forecast: SPX rises despite Trump tariff threats

U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.

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November 26, 2024 03:00 PM
Oil extraction

WTI Forecast: Israel-Lebanon Ceasefire Drives Crude Oil Back Toward $69

How could a potential Israel-Lebanon ceasefire impact oil prices and what are the key levels to watch?

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November 25, 2024 08:00 PM
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Wall Street Forecast: DJIA rises after Trump's Treasury Secretary nomination

U.S. stocks are pointing to a stronger open on Monday amid a sign of relief on Wall Street following President-elect Trump's nomination for Treasury Secretary - Scott Bessent, who favours less stringent trade tariffs.. The move higher comes after gains last week, which saw investors shift into cyclical stocks while rotating out of technology.

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November 25, 2024 03:49 PM
Oil_rig

EUR/USD, Oil Forecast: two trades to watch

EUR/USD recovers from a 2-year low but gains could be limited, Oil steadies after 6% gains last week.

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November 25, 2024 12:57 PM
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S&P500 Forecast: SPX falls with PMI data up next

U.S. stocks are heading for a soft open, ending a broadly positive week on a more cautious tone ahead of the release of PMI data. The Dow Jones is on track to rise 1% this week, while the S&P 500 is set for 1.3% gains. The Nasdaq is up 1.6%. Attention is on US PMI data which is expected to show services and manufacturing PMIs rising in November.

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November 22, 2024 03:34 PM
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Nasdaq 100 Forecast: QQQ rises after Nvidia earnings & jobless claims

U.S. stocks are set to open modestly higher after another record quarter for Nvidia as jobless claims fall and geopolitical tensions mount. Nvidia beat estimates for the top and bottom lines in another impressive showing. However, gains are limited owing to disappointment surrounding the revenue growth forecast, which is set to be the slowest in seven quarters. Meanwhile, jobless claims fell to 213k from 217k, and the Russian-Ukrainian conflict ramps up.

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November 21, 2024 03:01 PM
Oil_rig

EUR/USD, Oil Forecast: Two trades to watch

EUR/USD struggles below 1.0550 as headwinds mount. Oil rises amid escalating geopolitical tensions.

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November 21, 2024 10:43 AM
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Nasdaq 100 Forecast: QQQ rises cautiously ahead of Nvidia earnings

US stock indices are edging cautiously higher amid a quiet economic calendar and with attention on corporate earnings. Nvidia is set to report earnings after the close as the share price trades 200% higher YTD and will act as guidance over the health of the AI trade. Geopolitical tensions have calmed and Fed speakers could offer more clues on the Fed's path for rates.

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November 20, 2024 03:20 PM