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The U.S. Dollar index is trading around 96.44 points and is ready to resume climbing after three weeks of consolidation. This consolidation can be seen on the daily and weekly chart as a triangle that has been already broken through. We should remember that sometimes large movements begin on expectations before the event itself happens. This triangular pattern is...

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Palladium futures are falling for the eighth consecutive month from their peaks at $3019 per ounce in April-May this year. And there are a number of reasons for such a decline as palladium is used as an industrial metal for the production of car components that are used in high-ecological standard engines. However, the car production industry is suffering due to...

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The last important week for markets has started as the major monetary policymakers are going to hold their last meetings of the year this week. The decisions made by the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of England (BoE) will add a final touch to the very successful recovery year which remains clouded by the still developing...

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Olaf Scholz, a former German finance minister, took over as the new German chancellor on Wednesday replacing Angela Merkel’s Christian Democrats who ruled for the last 16 years. He was approved by the Bundestag, a German parliament, with 395 votes out of 736. The major German DAX stock index reacted calmly with a slight correction of 0.4% on Wednesday afternoon...

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Gold prices have started a fourth consecutive week with a decline. The yellow metal traded more than $100 above current prices, at around $1780 per troy ounce and was close to $1900. However, investors quickly sold the asset as they were quite disappointed and turned to other more volatile and high-yielding assets. This year the bullion is looking sluggish. It is...

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U.S. stocks finished the first week of December in the negative zone as the Dow Jones index lost 0.94% and the S&P 500 broad market index dropped by 1.22%. For the U.S. stock market the month of December is considered to be a mostly positive month. But this time we may not have “presents” from Santa at the end of the trading season. The Santa rally is now...

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The U.S. Dollar index (DXY) is rising above 96 points ahead of the Non-Farm Payrolls report to be released later on Friday. The Non-Farm Payrolls are expected to show that 530,000 new jobs were created in November, according to Reuters polls. The unemployment level is expected to be 4.4%, which is lower than the previous report.  The DXY index is on the upward...

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American stock indexes were in negative territory at the end of November  as Down Jones lost 3.73% and the S&P 500 broad market index weakened by 0.83%. This fall was mostly related to the last days of November, just after Thanksgiving Day in the United States when the new extremely contagious COVID-19 Omicron variant emerged.  The daily timeframe Dow Jones chart...

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Last week ended with sell-offs amid fears about the new extremely contagious COVID 19 Omicron variant. Crude and stock markets suffered. But during this brief rally some shares continued to gain, and it is no wonder that these are the stocks of vaccine producers. Pfizer stocks posted a new all-time high on Friday rising by 6.11% to $54.94. Stocks were...

scavoanastasiia Updated 

Pfizer is now outperforming Merck and Moderna stocks after announcing its anti-COVID pill despite its shares not being the best option for investments in the first half of this year. Pfizer stocks gained only 35% since the beginning of this year until mid-August. Moderna stocks were skyrocketed by 375% for the same period. So, undoubtedly Moderna was the...

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The opening trades after Thanksgiving Day brought no optimism for investors as some countries are debating on whether they should release oil from their reserves during a period when the demand is lagging amid new COVID-19 lockdowns in some European countries. Brent crude prices are losing almost 6% and this may not be the final price. Taking the price chart into...

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U.S. President Joe Biden wasted no time in announcing his nomination of Jerome Powell as the Federal Reserve (Fed) Chairman for a second term. The U.S. Dollar gained more momentum on this news as the market considers the monetary policy will be tightening much faster under Powell’s control. As I have said before, I expect the U.S. Dollar index to continue...

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Markets finished last week with sell-offs. Crude is among the most suffered markets as the Brent crude benchmark fell by 4.5% to $78.47 per barrel. Lockdowns in Europe and expectations of possible interventions of the United States and China are pressuring crude prices. Last Friday the Austrian government announced a 10-day lockdown that could even be extended....

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Consol Energy, which I wrote about in the beginning of October, has not only risen above its all-time high at $28.27, as I was expecting, but also gained even more than 30% jumping to $36.23. Shares of the coal producer were rising within the upward channel rooted on April 30 and the upper margin crossing $29.40. A breakthrough of the price above the upper margin...

scavoanastasiia Updated 

The largest oil cartel in the world, the Organisation of the Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ will hold a meeting on Thursday, November 4, to discuss oil production quotas. Markets expect OPEC+ to stay true to the existing deal to up oil production by another 400,000 barrels per day starting from December 1. On the other hand,...

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Last week could be considered as quite a successful week for the U.S. Dollar as the U.S. Dollar index rose 0.86% to 95.12 points. The Greenback, as I have mentioned before, has many chances to become stronger. The index rose to the main resistance zone where the peak of September 2020 and lows of January 2019 and March 2020 are located. So, this zone is at...

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By looking at the falling crude prices one may think that investors are moving somewhere else. Those who bet earlier on rising crude prices are now holding their positions in precious metal contracts that have a potential to rise further. So why are crude prices falling? Firstly, we should note that after its last meeting OPEC+ decided that no additional increase...

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Gold prices are hovering at $1828-1830 per troy ounce ahead of the release of the Consumer Price Index (CPI) data in the United States later today. Gold is close to early September highs. The area of $1835-1837.5 per ounce has acted as a resistance for three times in July-June 2021, and now a fourth time is possible. I have mentioned before that the technical...