A combination of factors drove the aggressive selling of gold on Monday. The prevailing risk appetite acted like a headwind for gold – safe haven. Rising US bond yields and resurgent demand for USD contributed to intraday selling. The oro witnessed aggressive selling on the first trading day of the new year and halted a […]
Tag: Raw Materials
Drawing a bullish flag, a test of the $ 80 level is on the table
WTI price regains poise after Friday’s crash. Declining supplies from Libya offers much-needed boost to the WTI bulls. The WTI regains the 50-day SMA, with a possible bullish flag formation on the daily chart. The WTI (futures in NYMEX) registers gains of almost 1% so far this Monday, starting the first trading day of 2022 […]
WTI rally stalls around $ 76.00 amid optimistic market environment
-637762222427252410.png "WTI rally stalls around $ 76.00 amid optimistic market environment")
The Western Texas Intermediate advanced 2.66% during the American session, exacerbated by the weak conditions of commercial liquidity. Market sentiment is optimistic despite the global outbreak of the Omicron variant. WTI Price Forecast: Tilted to the upside, although a break above the 50 DMA would open the way to $ 79.00. El Western Texas Intermediate, […]
XAU / USD dips around $ 1,800 amid lateralized returns
-637762144060016375.png "XAU / USD dips around $ 1,800 amid lateralized returns")
XAU / USD is up 0.09% as the last trading week of the year begins. Market sentiment is mixed, fueled by the omicron variant and transmissibility issues, despite being less lethal. XAU / USD Price Forecast: The weekly chart shows a neutral bias, although a descending triangle has formed, threatening to push prices towards $ […]
WTI falls more than 3.0% due to aversion to sentiment generated by Ómicron
Crude oil bears WTI They have attacked $ 68.00, falling 3.20% intraday in the first part of Monday. Black gold has fallen to the lowest level in two weeks on concerns about oil demand amid risk aversion fueled by the virus. Covid problems are intensifying in the West, challenging the pre-Christmas mood, as well as […]
Safe-haven flows dominate markets early in the week
This is what you need to know to trade today Monday, December 20: With the central bank meetings concluded, the perception of risk is dominating the financial markets at the beginning of the week. The growing number of Omicron cases globally and heightened concern over tighter restrictions prompted a flight to safety on Monday. There […]
Dollar Consolidates Losses As Investors Evaluate Central Bank Decisions
This is what you need to know to trade today Friday, December 17: The US dollar index (DXY) closed in negative territory on Thursday as the British pound and the euro rallied on the optimistic outlook from the Bank of England (BOE) and the European Central Bank (ECB). Before the weekend, the greenback is consolidating […]
XAU / USD with modest gains, capped below the 100 and 200 day SMAs
Gold gains positive traction for the second day in a row on Monday. The optimistic expectations of the Fed and the renewed strength of the USD limit the rise of the XAU / USD. Investors also seem reluctant ahead of the key central bank meeting. The oro it has built on Friday’s good bounce from […]
XAG / USD seems vulnerable to prolonging its downward movement
The price of silver falls near the support of a week-old trading range on Thursday. The recent consolidated price action in a range points to a bearish consolidation phase. The RSI on the daily chart warrants some caution for aggressive bears. Silver price (XAG / USD) is moving lower for the second day in a […]
AUD / USD breaks key resistance 0.7170, all eyes on 21 DMA at 0.7200
AUD / USD rose above a key resistance area around 0.7170 to the key 0.7180 zone, rising 0.8% on the day. The pair has been supported by technical buying, favorable moves in commodities, and recent aggressive language from the RBA. But short-term momentum indicators suggest that the rally is getting a bit overloaded. The AUD/USD […]
