Energies
Monthly Archives: May 2022
31 May 2022 – Crude Oil At Two Months High
Written on May 31, 2022 at 8:41 am, by Designer
market news summary U.S. Dollar slows the fall; Treasury yields advance; Investors are seeking safety; Crude oil prices rocketing. U.S. Dollar Index (USDX) The U.S. Dollar traded up during the early trades this morning as investors are avoiding riskier investments. The Federal Reserve is set to start shrinking its $8.9 trillion balance sheet and releaseContinue Reading
30 May 2022 – USDX Hits The Lowest In a Month
Written on May 30, 2022 at 6:36 am, by Designer
market news summary Market participants prefer cash and yields over bullions, U.S. Dollar continues its losses, and the dollar index hits the lowest in over a month. Crude oil in over two months’ highs before the European sanctions meeting. U.S. Dollar Index (USDX) The dollar remains trading within its downward channel, as traders lowered FedContinue Reading
27 May 2022 – Bitcoin Trades Horizontally
Written on May 27, 2022 at 7:54 am, by Designer
market news summary The dollar was set for its biggest weekly drop in nearly four months. Bitcoin is moving horizontally as investors’ crypto appetite decreases. Oil prices dipped on Friday but stayed near a two-month high, while market participants expect OPEC+ to stick to last year’s oil production deal. U.S. Dollar Index (USDX) The dollarContinue Reading
26 May 2022 – Fed Minutes Were Below Expectations
Written on May 26, 2022 at 7:58 am, by Designer
market news summary Market risk appetite improved after the minutes from the U.S. Federal Reserve’s last meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July 2022. Fed minutes were below expectations; Fed might pause rate hikes; Gold reaction was disappointing; Crude oil remains on theContinue Reading
25 May 2022 – Fed Minutes Are Due Today
Written on May 25, 2022 at 8:21 am, by Designer
market news summary Fed minutes are due today; Crude supply worries rise; Gold turns 1,850 to support. U.S. Dollar Index (USDX) Investors await the monetary policy outlook with worries of a potential recession caused by the tightening of the monetary policies. The minutes from the last Fed meeting will be released later today, investors areContinue Reading
Crude Oil: Between Supply Disruption and Economic worries
Written on May 24, 2022 at 10:31 am, by Designer
Fundamentally: While Shanghai aims to normalize life starting in early June, an increase in new COVID-19 cases in Beijing has raised concerns for further curbs. Meanwhile, Beijing is stepping up quarantine efforts to end its month-old outbreak. In the meantime, market participants await for life normalization in China, which is expected to boost energy demand.Continue Reading
24 May 2022 – Euro awaits the Lagarde speech
Written on May 24, 2022 at 6:38 am, by Designer
market news summary Euro awaits the Lagarde speech; Crude oil fluctuates; Gold remains supported at $1,840. U.S. Dollar Index (USDX) The dollar index hits its lowest value in a month yesterday at 102.04 and remains to trade in a downtrend targeting 101.60 and 101.20. Additionally, the index still trading below the 20 day moving average onContinue Reading
23 May 2022 – China Pushed Oil Up
Written on May 23, 2022 at 7:41 am, by Designer
Market news summary Markets are trending downwards; China supports crude prices; Gold formed support at $1,840. U.S. Dollar Index (USDX) The dollar index remains in a downtrend channel reaching the support between 102.60 and 102.50. Additionally, the index is trading below the 20 day moving average on the daily chart indicating a possibility for aContinue Reading
22 May 2022 – The Week Ahead
Written on May 22, 2022 at 7:35 pm, by Designer
Outlook: In the week ahead, we provide you with the necessary information to build your strategy during the upcoming week with extra knowledge. Market participants await a couple of important speeches, the German inflation data, in addition to the quarterly prelim GDP figures in the U.S. However, the COVID-19 measure remains to pressure on theContinue Reading
