IC Markets Asia Fundamental Forecast | 17 May 2022

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A lower-than-expected UK year-on-year CPI (expected 9.1%, previous 7.0%), to be released on 18 May, would set toppish inflation expectations and additional demand for the precious metal amid the prolonged war in eastern Europe.

16th May Monday : Asian markets mostly start the week lower

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Global Markets: Asian Stock Markets : Nikkei up 0.45%, Shanghai Composite down 0.34%, Hang Seng up 0.12%, ASX up 0.25% Commodities : Gold at $1791.18 (-0.94%), Silver at $20.91 (-0.44%), Brent Oil at $109.87 (-1.51%), WTI Oil at $107.25 (-1.27%) Rates : US 10-year yield at 2.926, UK 10-year yield at 1.774, Germany 10-year yield … Continue reading 16th May Monday : Asian markets mostly start the week lower

IC Markets Europe Fundamental Forecast | 16 May 2022

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  What happened across the Asia session? China’s year-on-year Retail Sales tanked -11.1% (expected -6.2%, previous 3.5%) amid the Covid-19 situation response in the country. What does it mean for Europe and US Sessions? The oil demand shock from the world’s largest consumer and importer of oil is reaffirmed by the latest dismal retail sales … Continue reading IC Markets Europe Fundamental Forecast | 16 May 2022

13th May 2022 Friday: Asian markets buck the trend to trade higher

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In commodities markets, oil prices were higher against the backdrop of a pending European Union ban on Russian oil, but were still set for their first weekly loss in three weeks, hit by concerns over inflation and China’s COVID lockdowns slowing global growth.