WTI crude oil surged through a key resistance overnight and hit the highest level since 2014. The outage of Turkey’s Kirkuk-Ceyhan pipeline after an explosion was a factor causing concerns over supplies. In the background, Read more…
Australia Westpac-MI consumer sentiment index dropped from 104.3 to 102.2 in January. The -2% decline was much better than the -5.2% fall during the first month of the delta outbreak in New South Wales, the Read more…
Key Highlights Gold price is showing positive signs above the $1,785 and $1,800 support levels. A major bullish trend line is forming with support near $1,805 on the 4-hours chart. EUR/USD trimmed gains after it Read more…
Yields around the world are on the rise. In some places, such as emerging market countries, yields are rising more rapidly than in others. In the US, yields are playing catch up as the 2-year Read more…
The UK employment situation continues to strengthen. In December, the number of people claiming unemployment benefits fell by 43,300 vs an expectation of -36,000. In addition, the revision to the November print nearly doubled from Read more…
Stocks drop, with GS down 8% on poor earnings US economic activity falls amid omicron and inflation M&A activity booms: Microsoft buys Activision WTI off best levels after hitting 7-year high Following on the weaker Read more…
Gold closed the previous week in positive territory, yet did not manage to break outside the sideways motion it has been trading in, for most of the past month. In the current week, Gold is Read more…
What is happening? The global energy crisis spreads around the globe. At the end of December, XBR/USD exceeded $80 per barrel for the first time since November, and in January, it even exceeded $85, also Read more…
Gold is trading near $1819 an ounce, unable to take advantage of a spike in geopolitical risks due to an environment of rising interest rates. Two-year US government bond yields have reached 1.06%, pre-pandemic levels. Read more…
The cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn. Buyers stepped up in the market between 8-11 January, soon after a dip to this round level. But as we can Read more…