WTI is trending higher and if the bullish run continues, it could target 88.00 or 89.63
Stocks have fallen out of favour with investors due to the rise in bond yields. The US 10-year yield is now 3.77%, which is a major rebound because earlier this week it was 3.6%.
Silver pulled back from the three-month high that is posted yesterday. Resistance might be found at 20.69 or 21.23.
Stock markets are still benefitting from the chatter the Federal Reserve might look to ease up on the pace it is hiking interest rates.
Gold hit a three week high and momentum is in positive territory, which speaks to an optimistic mood. If the rally continues, it might target 1731 or 1745.
US stocks are driving higher due to the weaker-than-expected manufacturing data as traders are taking the view that bad news for the economy is good news for the stock market.
GBP/USD has rebounded from the record low seen last week. RSI is rising, and this implies upbeat sentiment.
Stock markets in Europe closed higher today following a difficult week, as the drop in UK, German and French bond yields supported equities.
GBP/USD has rebounded from the record low seen earlier this week. Momentum is positive and the RSI is rising, and this implies upbeat sentiment.
Stock markets are being clobbered as fears of further interest rate hikes are prompting traders to cut and run.
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