Gold is in decline. The MACD indicator shows us that momentum is negative, and the RSI is falling, this suggests bearish sentiment.
Equity markets saw a lot of volatility today as the latest trade data from China added to worries about the health of the global economy.
Worries about rising interest rates and inflationary pressures are hitting stocks.
Equity traders are squaring up their positions ahead of the release of the minutes from the latest Federal Reserve meeting.
Fears the US economy might be heading for an actual recession have resurfaced because of the brutal New York Fed manufacturing index report.
GBP/USD is rising, and so is the RSI, suggesting the price bias is to the upside.
European equity markets are in the red as the European Central Bank issued its intention to hike rates by 0.25% next month.
Earlier today we saw a reversal of yesterday’s fortunes as European stock markets recouped some of the ground that was lost yesterday.
Lack of progress on ceasefire talks dents stocks
Despite the ongoing Russian invasion of Ukraine, the mood in the markets has swung around and stocks are enjoying a major rally.
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