Commodities Archives

3 Minutes

Commodities

Gold Price Forecast: XAU/USD could see choppy trading between two key DMAs

News June 6, 2023 0 Comment

Share: Gold price is consolidating for the next push higher as the US Dollar stays vulnerable. Dismal United States economic data dents risk appetite, drowns US Dollar with US Treasury bond yields....

5 Minutes

Commodities

Silver’s swoon should resume

News June 5, 2023 0 Comment

Share: After a brief rally, U.S. nonfarm payrolls helped suppress silver’s momentum. Is there more downside ahead? While the permabulls bought into the rate-cut hype, we warned on Apr. 14 that the...

4 Minutes

Commodities

Saudi oil cut sees oil prices hit one-month highs

News June 5, 2023 0 Comment

Share: Europe European markets have got off to a slow start to the week with little in the way of positive catalysts, weighing on the DAX and CAC40. The FTSE100 is outperforming...

3 Minutes

Commodities

Forex technical analysis and forecast: Majors, equities and commodities

News June 5, 2023 0 Comment

Share: EUR/USD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0727. At the moment, the market has formed a consolidation range around this level and, escaping...

10 Minutes

Commodities

The hokey pokey? Risk on – Saudi’s cut, Oil up 2.6% [Video]

News June 5, 2023 0 Comment

Share: RISK ON big time, NFP report was mixed at best. Dow industrials up 2.1% taking it positive on the year. Is AI the new Dot.Com? Will history repeat itself? The Saudi’s...

4 Minutes

Commodities

Markets now fully discount a 25 bps July Fed rate hike

News June 5, 2023 0 Comment

Share: Markets US payrolls delivered once more in May. The Bureau of Labour Statistics reported a 339k net job gain for May. Payrolls beat consensus by a wide margin (237k!!), also taking...

5 Minutes

Commodities

Stocks to still extend upswing

News June 5, 2023 0 Comment

Share: S&P 500 quickly dipped on NFPs, and was eagerly soon bought. Even 4,283 where I expected some resistance, didn‘t last too long. Best of all, it wasn‘t up to tech to...

3 Minutes

Commodities

USA gets a new credit card and Oil leaps

News June 5, 2023

Share: The long awaited debut ceiling relief rally delivered strongly in Friday trading. And there could be more to come over coming days? The problem with that idea, is that markets appear...

2 Minutes

Commodities

Morning Briefing

News June 5, 2023

Share: Good Morning! Higher US NFP on Friday has lead to a rally in the Dollar Index as it bounces from 103.40/38 to 104.1350 currently. Euro is breaking below 1.07 while EURJPY...

3 Minutes

Commodities

Gold Price Forecast: Will XAU/USD defend 100 DMA support ahead of US Services PMI?

News June 5, 2023

Share: Gold price licks its wounds, as US Dollar consolidates strong US Nonfarm Payrolls-led gains. Weakening Indian physical demand offsets bets for the US Federal Reserve pause in June. $1,939 is the...