Commodities

Commodities

Commodity Markets

Gold Commodity

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American Petroleum Institute (API) rode to oil’s rescue overnight reporting a massive 9.2 million barrel...
Oil Commodity

Mr Kim Turns Gold and Crude Oil, off the Boil

A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the...
Oil Commodity

FOMC’s Song Drowned By Don and Kim

The FOMC may be this week’s data highlight, but it is the Kim and Trump show that will keep energy and precious metals on edge. Crude Oil Both Brent and WTI survived further...
Gold Commodity

Gold steady near 2-mth highs as N. Korea tensions continue

Gold prices held steady after touching their highest in more than two months on Friday, as rising tensions between the United States and North Korea triggered safe-haven buying. "Much of the rally (in gold)...
Oil Commodity

EA: Global demand growth outlook raised

International Energy Agency (IEA) released a report on Friday, stating that the global demand growth forecast has been raised from 1.4 million barrels per day t0 1.5 million barrels per day...

Gold Rallies in the Face of Increased Geopolitical Risk

Gold prices firmed overnight to close around the $1260.75 an ounce mark as the precious metal reacted to a range of increased risk emanating from renewed tension on the Korean Peninsula....
Oil Commodity

Oil trades lower, focus on producers’ meeting

Benchmark contracts for the delivery of crude at ICE Futures Europe were under moderate downward pressure on Monday during the early part of the session at equity markets in the continent, even...
Gold Commodity

How To Trade Gold Ahead of US NFP

US NFP would impact the gold price Technicals are showing some important signals Investors have one focus, which is what the impact of the US non-farm payroll data on the Fed...

Oil and Gold Sleepy Pre NFP

NFP data this evening squashes volatility in Asia as traders adopt and sit and wait approach. Crude Oil Caution seemed to be the catchword in oil markets overnight. Traders were unwilling to add...
Oil Commodity

Oil Listing But Not Holed Below The Waterline, Yet.

OPEC and the API Crude Inventories torpedo oil overnight, but the move could be more to do with positioning than a structural change. Crude oil’s storage tank burst last night, with both...
Oil Commodity

FOMC Deflates Dollar Inflates Oil and Gold

A dovish FOMC keeps oil’s bull run alive and boosts gold’s march higher. OIL Much was made overnight of oil’s positive price action but in fact it has left me somewhat underwhelmed. With...
Oil Commodity

Oil Tests Resistance But Looks Ready to Retreat

Oil prices soared 4.50% higher overnight as a result of a 10.23M drawdown in the US API Crude Oil Stocks – the largest draw in 10 months. Due to this, much...
Oil Commodity

Has OPEC thrown oil another lifeline?

The Oil markets are attempting to extend their gains during early trading on Tuesday after OPEC and Non-OPEC members displayed optimism over the current production cut deal and seemed confident that...
Oil Commodity

Oil erases losses following

Crude prices reversed losses from earlier in the session, trading slightly higher on Monday as the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC members proposed Nigeria to cut...

Is Gold’s Corrective Wave Entering its Final Stages?

Gold prices have been on the mend in recent weeks but, in doing so, they could be preparing the metal for another slide to the downside in the near-term. Indeed, the...
Gold Commodity

GOP Boosts Gold as Oil Consolidates

The GOP’s infighting weakens the dollar, boosting gold, whilst oil consolidates its recent gains. OIL Oil flip flopped in a choppy one dollar range overnight with both Brent and WTI spot ending up almost...

Gold Shines as Oil Consolidates

Gold was the main beneficiary of the U.S. Dollars woes overnight as oil consolidates its recent gains. Oil Crude paused for breath overnight with both Brent and WTI trading in a one dollar range....
Oil Commodity

Sentiment Send Oil and Gold Higher in Asia

Bullish sentiment remained high in Asia as a weaker U.S. Dollar gives helpful tailwinds to both oil and gold. Oil Crude oil opened in Asia in a positive mood, with both Brent and...
Oil Commodity

Dead Cat Bounces for Gold and Oil Overnight

Gold and oil both had different reasons to rally overnight, but instead, all we got were dead cat bounces. GOLD Gold briefly rallied to the 1226.00 regions overnight as Yellen’s semi-annual testimony on...
Oil Commodity

Is Oil Ready to Rebound?

Oil prices had a rather abrupt reversal last week, raising concerns that the declining channel was beginning to break down to some extent. However, this seems to be at odds with...

Oil Traders Are Whipsawed As Gold Gets De-rated

Talk of OPEC cuts is a false dawn with traders whipsawed, as higher global rates leave gold on the back foot. CRUDE Two weeks away was well timed as oil prices rallied over...
Silver

The Silver Flash Crash: What Might Have Been at Work

Silver prices have been the subject of significant debate of the past few hours as a result of a flash crash that saw the metal plummet to the $14.27 handle before...
Oil Commodity

Crude Oil’s Recovery Could Get Ugly

Crude oil has been the subject of endless speculation over the past month as the commodity has seemingly retreated in the face of a growing supply glut. Subsequently, many market commentators...

Is Gold Making a Beeline for the 1180.00 Handle?

As a result of a breakout below its long-term trendline, gold has ostensibly confirmed recent fears that the metal’s trajectory is going to be rather bearish moving ahead. Indeed, Monday’s nearly...
Oil Commodity

Despite weak oil prices, OPEC still pockets more dollars

With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth in the past month, OPEC appears to be losing its battle to...

Gold trades higher ahead of Yellen speech

Precious metals traded mostly in the green on Tuesday with gold reversing losses as investors continued to anticipate a string of United States Federal Reserve members' speeches set for later in...
Oil Commodity

Are Oil Prices on the Mend?

Oil finally seems to have found a near-term bottom – much to the relief of OPEC – and this could set the commodity up for sizable recovery over the coming weeks....
Silver

Silver Could be About to Reverse its Trajectory

Silver has been relatively volatile over the past few weeks as the metal has reacted to a range of changing conditions, including risks from the Fed on interest rate hikes. However,...
Oil Commodity

Oil edges up, but still set for worst first half performance in 20 years

Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude is still set for the worst first-half decline in two decades despite ongoing production...
Silver

Will Silver be Impacted by Rising Fed Hawkishness?

Silver has continued to see concerted selling pressure as price action remains trapped within the confines of a sideways channel. Subsequently, the past few days has seen price action trending strongly towards...

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GBP/USD: Cable Spikes Ahead of GDP Data

Great British Pound Currency
Sterling was volatile ahead of the GDP report, but no big movements are expected after the news. London...

Dollar bulls eye US CPI inflation data

US Dollar Currency
Has the dollar slide run its course? The US CPI inflation and core inflation figures are in focus...

False Breakout Could Be About to Send Gold Reeling

The past six months have proved relatively positive for gold as the metal has continued to make...

Morgan Stanley predicts euro parity with pound for 2018

Great British Pound Currency Euro
U.S. investment bank Morgan Stanley raised its currency forecasts for the euro on Friday, predicting it would...

Back to school for May, Brexit and pound volatility

Theresa May
It’s likely to be a busy week for the pound as there are a number of important...
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