Page 18 - Christopher Vecchio News Today

Crude oil prices continue to push higher, with fundamental tailwinds buttressing an already-bullish technical posture.

The second half of the week is loaded with significant event risk.

Gold prices have been rangebound at the start of June.

Surging food and energy prices are making an existing problem much worse for the Turkish Lira.

Bank of England rate hike odds are rising again, while rates markets are likewise more aggressive about the European Central Bank.

The US Dollar (via the DXY Index) has stabilized after dropping swiftly from its yearly highs.

The sixth month of the year is usually good for risk, and weaker for the US Dollar.

The first full week of June will see several ‘high’ rated data releases from all around the globe.

Crude oil prices have traded through and sustained a move above multi-month range resistance.

The ECB will likely take the first steps to pave the path towards rate hikes in the second half of 2022.