Opinions
- Vladimir Zernov
Russian oil exports and the risk of global recession will be key drivers of oil prices in 2023. While logistical issues may temporarily impact Russian exports, China’s growing demand for oil is expected to provide support to markets in the second half of the year.
- Bob Mason
Ethereum has had a difficult year in 2022, with the crypto asset’s price down 67.1% year-to-date. Regulatory reforms, recession fears, and concerns about the Federal Reserve have all weighed on investor sentiment and contributed to the bearish outlook for ETH in 2023.
- James Hyerczyk
The Australian Dollar struggled in 2022 due to the Federal Reserve’s rate hikes, China’s COVID lockdowns, and lower commodity prices and global equity markets. In 2023, these factors will continue to impact the currency.
- Bob Mason
The crypto market struggled in 2022 due to regulatory scrutiny and platform collapses, with XRP faring better but still down 56.7% year-to-date. The outcome of the SEC v Ripple case, expected in Q1 2023, will be a key driver for XRP, while economic and regulatory factors could also impact the
- Vladimir Zernov
Silver has gained strong momentum, moving from $18 to $24 in recent months. In 2023, the state of the global economy and industrial demand, as well as China’s economic rebound, will impact silver’s performance.
- Vladimir Zernov
Gold had a volatile year in 2022, reaching highs of $2070 before dropping to lows of $1615 and rebounding towards the $1800 level. If the Fed is not too hawkish and the global economy does not suffer a major hit, gold has a good chance of reaching the $2000 level
- James Hyerczyk
The initial bearish reaction by stock market investors, firming U.S. Treasury yields and a stronger U.S. Dollar, support the need for a hawkish Fed.
- James Hyerczyk
The current sell-off isn’t signaling a resumption of the bear market, but rather the liquidation of positions bought in anticipation of a Fed pivot.
- James Hyerczyk
Inflation may be showing signs of slowing, but the Fed is committed to raising rates until it’s convinced that it no longer is a problem.
- James Hyerczyk
Investors are also hoping Powell provides further guidance about future monetary policy in his press conference after the Fed’s two day meeting.
- Vladimir Zernov
The Fed is expected to raise rates by 50 bps, but gold will still have a chance to gain upside momentum.
- James Hyerczyk
It appears more likely that the U.S. will have to enter a recession before we see the kind of weakness in the economy that Powell desires.
- James Hyerczyk
The stock market rebound suggests one bearish data point will not be enough to derail the bullish comments from Fed Chair Powell.
- James Hyerczyk
A key Fed report on East Coast manufacturing plunged, but housing market data was better-than-expected and weekly unemployment claims fell.
- James Hyerczyk
The Democrats’ victory lifted the uncertainty surrounding the mid-term elections, allowing stock market investors to remain focused on Fed policy.
- James Hyerczyk
All things being equal a Republican sweep of the House and Senate would be favorable for business and the stock market.
- Vladimir Zernov
There’s just one month left before G7 countries impose a price cap on Russian oil.
- Vladimir Zernov
Traders should prepare for volatility after the release of FOMC Minutes.
- Vladimir Zernov
Inflation Rate is expected to decline from 8.3% in August to 8.1% in September.
- Bob Mason
Investors will now be asking the most difficult question of all. Is a bull run on the cards? Three signs suggest an end to the crypto winter.