Market Analysis

Topping pattern or just pause before going higher?

By Paul Rejczak | June 14, 2018

It was all about the FOMC Rate Decision release on Wednesday, and stocks' initial reaction to that news was slightly negative. The broad stock market extended its short-term consolidation along the resistance level. Will the uptrend continue or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

ECB preview: QE end is in sight

By Fawad Razaqzada | June 14, 2018

Unlike the Federal Reserve yesterday, the European Central Bank won’t be raising interest rates later on today, but the EUR/USD could nonetheless push higher.

Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries

By Bill Baruch | June 14, 2018

Fundamentals: The Federal Reserve hiked interest rates by a quarter point yesterday and signaled that two more hikes are on the way this year. The Fed’s statement was overhauled and pointed to stronger growth and spending. However, they did maintain their “symmetric 2% inflation objective”. This arguably relieved some thoughts that the Fed would allow themselves to move faster than a gradual pace if inflation picked up.

Fed up with crude

By Phil Flynn | June 14, 2018

President Donald Trump is fed up with crude oil prices and tweeted that “oil prices are too high, OPEC is at it again. Not good!” The Fed raised interest rates and Fed Chair Jerome Powell weighed in on oil and its impact on inflation and what they may mean for the economy going forward. This comes as surging U.S. refinery demand for oil shadowed over a 100,000-barrel a day increase in U.S. oil production.

Daily Price Action: E-mini S&P 500

By Al Brooks | June 14, 2018

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Wednesday, June 13, 2018.

Gold faces key test amid central bank meetings

By Fawad Razaqzada | June 13, 2018

Gold faces an important few days as three major central banks announce their respective policy decisions. All bar one is expected to make a rate change and that’s the Federal Reserve today. According to the to the CME’s FedWatch tool the probability of a 25 basis point rate increase is 96%, which means it is more or less already priced in. That may help explain why the dollar has stopped going up since the end of May.

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