USD/TRY adds to Monday’s gains near the 18.00 mark. The current consolidation is still capped at 18.00. The CBRT is expected to maintain the current status quo. The lira depreciates even more and motivates the USD/TRY to once again challenge the upper end of the current range just below the 18.00 stick on Tuesday. USD/TRY […]
Tag: Futures
Oil Futures: Door Open to Further Weakness
Preliminary data from CME Group for crude oil futures markets indicates that traders added about 2,500 contracts to their open interest positions on Friday, marking the second consecutive daily increase. Volume, on the other hand, was noticeably down by around 245,300 contracts after three consecutive daily increases. WTI remains capped by the 200-day SMA Barrel […]
Natural Gas Futures: Rebound Could Lose Traction
Open interest in natural gas futures markets continued the downward trend and fell by just 169 contracts on Wednesday, according to preliminary readings from the CME Group. On the other hand, volume resumed its upward trend and rose by some 53,400 contracts, partially offsetting the previous drop. Natural Gas remains supported around $7.50 Natural gas […]
Oil: WTI drops below $90 for first time since Ukraine invasion
WTI futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine, Bloomberg reports. Futures fell as much as 1% to $89.80 a barrel. Oil prices have lost gains since the start of the war as higher interest rates and a looming global economic slowdown threaten demand. On the […]
Oil Futures: Downside Correction?
Taking into account the advanced publications of CME Group for the markets of oil futures crude oil, traders trimmed their open interest positions by almost 5,000 contracts on Wednesday, marking the second straight daily decline. Volume, on the other hand, increased for the second consecutive session, now by more than 61,000 contracts. WTI seems capped […]
Gold Futures: Further losses not ruled out
Open interest in gold futures markets rose for the second straight session on Wednesday, this time by more than 5,000 contracts according to preliminary readings from the CME Group. Volume, on the other hand, reversed four consecutive daily increases and fell by some 34,700 contracts. Gold: Next support at $1,721 Gold prices fell on Wednesday […]
European natural gas is headed for a third consecutive week of increases
LAST UPDATE: 11:21 European gas prices are on course for their longest streak of weekly gains this year, as a prolonged shutdown of Freeport LNG, a key US export facility, further tightens a market already reeling from Moscow’s supply cuts. As Bloomberg reports, futures for the European benchmark rose as much as 6.1% and are […]
S&P 500 futures pull back on market indecision
Market sentiment remains subdued as traders await further clues for clear guidance. A light schedule and conflicting headlines add to the confusion for traders. S&P500 futures break three-day uptrend. US Consumer Confidence and speeches from central bankers will be important to give a new impetus. Global traders fade early week optimism as they look for […]
S&P 500 futures and US Treasury yields reflect anxiety ahead of central bank debate
Recession fears join rate hike rumors to reverse Friday’s cautious optimism. S&P 500 futures moderate rebound from yearly low. US Durable Goods Orders and Housing Data May Liven Up Intraday Traders, ECB Forum Crucial. Global markets fail to prolong Friday’s cautious optimism as fears of higher interest rates weighing on the economic transition tested traders […]
Wall futures are moving positively – ‘Green’ closing for the week is chasing the market
Wall Street stock futures rose on Friday, in the middle of a rare upward week after a difficult first half in 2022. The futures of the Dow Jones index increased by 222 points or 0.7%. Futures for the S&P 500 were up 0.8% higher, while futures for the Nasdaq 100 were up 0.8%. The positive […]