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Watching Out
Article By:
Monica Kingsley
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Monday, June 27, 2022 11:25 AM EDT
Oil is turning up, and has quite places to run still. Should it break $125 in the weeks ahead eventually, the road to $150 is open – all before significant demand destruction kicks in.
In this article: HYG, JJC (RETIRED), OIL, SPX
US Pending Home Sales Unexpectedly Rise In May, NAR Warns Housing Market "Transition" Underway
Article By:
Tyler Durden
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Monday, June 27, 2022 10:36 AM EDT
As it turns out pending home sales unexpectedly rose 0.7% MoM in May (versus a 4.0% MoM expected drop) and with a downward revision to April from -3.9% MoM to -4.0% MoM.
Crude Oil Is Consolidating
Article By:
Andrey Goilov
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Monday, June 27, 2022 10:22 AM EDT
On Monday morning, the Brent price is balancing at $113 per barrel The commodity marker remains uncertain – supply isn’t expanding as quick as expected and demand might drop as well.
Dollar Resilient As Inflation Worries Back In The Game
Article By:
KB Analytics
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Monday, June 27, 2022 10:15 AM EDT
After some hesitation earlier in the day, the USD index bounced back above the 104.00 figure to turn positive on the day, ahead of the opening bell on Wall Street.
Copper Imbalanced To The Downside, Testing Macro VWAP
Article By:
The Private Banker
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Monday, June 27, 2022 10:09 AM EDT
Copper futures fell about 12.5% in June, testing the macro VWAP for buyers while it may target the lower EMA50 on the monthly periodicity currently.
In this article: JJC (RETIRED)
Dax, Dow And FTSE Mixed As Risk Markets Try To Push Higher
Article By:
Nick Cawley
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Monday, June 27, 2022 10:03 AM EDT
The Dax opened higher this morning following on from gains made in Asia and a late-week rally on Wall Street. Concerns eased regarding aggressive central bank actions and the possibility of a wider economic downturn.
Ira’s Morning Flash Video For June 27, 2022
Video By:
Ira Epstein
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Monday, June 27, 2022 9:48 AM EDT
Ira Epstein prepares you for today's trading and informs you of market conditions.
Falling Commodity Prices Last Week Eased Inflation Fears
Article By:
JustMarkets
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Monday, June 27, 2022 9:40 AM EDT
On Friday, Fed member Daly indicated she supports a 75 basis point rate hike at the next Fed meeting. The indices have rallied substantially, suggesting that the 0.75% rate hike scenario at the next Fed meeting in July, is probably already priced in.
In this article: CORN, SOYB, WEAT, QQQ, BAL (RETIRED), JJC (RETIRED), SPX, DAX
Constellation Brands: Expected To Continue Its Upward Trend
Article By:
AAATrade
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Monday, June 27, 2022 8:50 AM EDT
Constellation Brands is announcing its quarterly earnings this week, and if the market’s anticipation will be positive then we should expect its upward trend to be continued otherwise it should fall back to its support level at around $235.
In this article: STZ
Bitcoin Holds Above $20K
Article By:
Simon Peters
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Monday, June 27, 2022 8:30 AM EDT
Bitcoin, the world’s largest cryptoasset, has seen its price hold above the $20,000 price level in the past week, halting the slides of previous weeks. It’s too early to say if bitcoin has stabilized at the $20K level.
No, Fed: Supply Construction, Not Demand Destruction
Article By:
Seth Levine
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Monday, June 27, 2022 6:00 AM EDT
Few realize that the Fed’s errors stem from a poorly constructed view of money that is shared, even by its critics. This perspective leads to absurd conclusions like the Fed must destroy demand in order to combat today’s rising prices. Wait, what?!