Crude Rallying This WeekCrude futures are trading around 7% higher on the week currently. The market has reacted sharply to news that Israel has rejected Hamas’ ceasefire offer with crude jumping...
Copper Testing Key Support
Copper Under PressureCopper prices remain under pressure today, despite the lift in Chinese stocks on the back of weak China data overnight. CPI and PPI were both seen falling again in the world’s...
Gold Analysis: Potential Price Rise Ahead
Currently, the price of gold is repeatedly testing the supporting zone formed between levels 22.00 and 22.30 and located next to the uptrend. The asset’s price might potentially rebound and rise....
Crude Sell-Off Stalls As US Corrects
Weak US Helps OilCrude futures are currently undergoing a shallow recovery rally helped by a mid-week pull back in the US Dollar. Softening US yields have seen USD trading lower on Wednesday, allowing...
Divergence Persists Between US and Euro Area Economies
The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8%...
Gold Sinks As US Jobs Surge Higher
Gold Falls on MondayGold prices are seeing decent selling interest across early European trading on Monday. The move comes amidst an uptick in USD on the back of a bumper set of US jobs figures last...
Gold and USD/CAD: Potential Price Rise Ahead
Last week, Gold formed a gap and broke the local downtrend (points 1, 2, and 3). Hence, the price of this asset might potentially get back to the broken downtrend and then rebound forward. In this...
Oil Prices Fall Despite Rising Middle East Tensions
Crude Continues LowerOil prices remain under pressure as we start the new week. Crude futures are in the red on Monday, extending losses from last week as the market continues to depreciate. The sell...
Gold Higher Ahead of US Jobs Data
USD Lower Ahead of NFPAhead of the latest US jobs data due today, the US Dollar has turned lower. The move comes despite the Fed this week pushing back against near-term rate-cut calls. The sell-off...
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