WTI price is looking to retest the weekly highs above $ 72. Omicron’s low-lethality optimism and Chinese stimulus support oil. The WTI barrel price (NYMEX futures) is trading modestly on Wednesday, seeking to extend the recent rally amid reduced fears over the negative impacts of the new variant of COVID Omicron on global economic growth. […]
Tag: Raw Materials
Dollar rises as focus shifts to November NFP nonfarm payrolls
This is what you need to know to trade today Friday, December 3: The US dollar DXY index it closed modestly higher for the second day in a row on Thursday and holds its ground early on Friday as investors brace for the November US jobs report. The investors expect NFP nonfarm payrolls to rise […]
Top pairs in family ranges as investors await Friday’s NFP jobs report
This is what you need to know to trade today Thursday, December 2: Major currency pairs struggled to make a decisive move in either direction on Wednesday, as investors paid little to no attention to high-level data releases from the United States. The president of the FOMC, Jerome Powell, reiterated his observations on the prospects […]
WTI rises 5% and rebounds after crash by omicron
Oil prices are rebounding after Friday’s crash. Volatility could continue to rise in the markets. WTI rises 5%, and operates in the zone of $ 71.50. The price of a barrel of WTI (NYMEX futures) is rebounding on Monday, following Friday’s plunge to two-month lows at $ 67.31. On Monday it recovers with a rise […]
XAU / USD dips below $ 1,830, new two-week lows
Gold saw new sales for the third day in a row and fell further from multi-month highs. Aggressive expectations from the Fed, high US bond yields and a stronger USD weighed on the metal. The new nerves of COVID-19 could help limit losses and warrant caution from aggressive bearish traders. The oro it extended last […]
XAG / USD bulls looking to regain control, awaiting a move above $ 25.00
Silver captures new purchases near the $ 24.50 resistance breakout point, now turned into support. The setup appears tilted in favor of the bulls and supports the prospects for further gains. A sustained break below the $ 24.00 level is needed to negate the positive outlook. Silver has captured new purchases near $ 24.50 on […]
100-day SMA defends decline at the start of a new week
WTI recovers part of Friday’s decline, with the focus on releasing oil reserves. US oil supports above the 100-day SMA at $ 73.86. The RSI sees a new rally, but remains below the center line. WTI (NYMEX futures) is making a recovery attempt at the $ 76.00 level after falling as low as $ 74.64 […]
XAU / USD bounces off 2-week lows, Fed rate hike expectations limit gains
Gold draws in some lower buying on Monday and halts its recent corrective pullback. The new nervousness around COVID-19 supports the safe-haven precious metal amid persistent inflation fears. Optimistic expectations from the Fed, high US bond yields and a strengthening dollar could limit gains. The Gold has rebounded from a dip in the Asian session […]
The dollar stabilizes near 2021 highs in a good start to the week
This is what you need to know to trade today Monday, November 22: The dollar is firm early Monday after outperforming its rivals last week. The US Dollar Index (DXY) is moving sideways above 96.00 as investors await the Federal Reserve Bank of Chicago’s National Activity Index and existing home sales data for October. The […]
XAG / USD consolidates around $ 25.00, bullish bias remains
Silver lacked firm direction and remained confined in a range around $ 25.00. The setup favors bullish traders and supports the prospects for a further appreciation move. Sustained weakness below trend channel support is needed to nullify the positive bias. At payment It struggled to capitalize on the positive move the day before and balanced […]
