Forecasts & Analysis

The U.S. EIA will release its weekly inventories report at 14:30 GMT. It is expected to show a crude oil draw down of 3.4 million barrels.

The gold futures contract lost 4.58% on Tuesday, as it accelerated its short-term decline from Friday’s new record high price level of $2,089.20.

If counter-trend traders continue to have the upper hand then look for the selling to possibly extend into 1.1696, followed by 1.1644.

Which stocks could magnify S&P 500’s gains in case it rallies? Take a look at a part of our Stock Pick Update.

USD/JPY is building a strong bullish rebound. The 3rd swing is probably a wave C (purple) of a larger ABC zigzag pattern.

Liberty Global, the largest international broadband communications provider in Europe, Japan and Latin America, announced that it is acquiring a Swiss telecommunications provider, Sunrise Communications, for 6.8 billion Swiss francs.

Crude oil traders went bullish on Wednesday, at London’s trading session, with API data showing a larger than expected inventory draw.

It is official, the UK economy has entered a recession for the first time in 11 years.

GBP/USD failed to settle below the support at 1.3010 despite U.S. dollar’s attempts to gain more ground.

The DAX Futures sees heavy red early on, following the U.S majors into the red. With economic data on the lighter side, geopolitics remains in focus.