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Without a doubt, crude oil is the most important commodity in the world. Without it, other commodities would be difficult to produce on a large scale. For example, it would be impossible to cultivate corn, cotton, and wheat on large scale without using the...
Oil outlook: OPEC-US tug-o-warOil enters 2018 on a far firmer footing than it began 2017. Brent crude futures have risen beyond $62 and held the bulk of their gains following the rally since June’s trough. WTI crude has risen to above $56.Both benchmarks are...
Nordea FX Strategy Research discusses EUR/USD outlook into year-end and warns of the possible negative impact on the pair from year-end liquidity shrink. "Basis swaps have been on the move recently, widening aggressively and making USD funding costlier. From now and until the end of this...
Despite being pretty clear and logical, talks about the benchmark key rate increase in the USA in December are “haunting” some monetary politicians and investors. These doubts, which were mentioned in Patrick Harker’s comments below, put pressure upon the “sensitive” USD.Not long time ago,...
From Donald Trump’s election to a failed coup attempt in Turkey, there have been plenty of political events to stoke volatility in the forex markets.Indeed of the top most volatile FX pairs the consistent theme is political uncertainty, muddy economic data and a sliding...
The GBP/USD pair has fallen to three weeks’ lows. Taking into account how fast the American currency has been strengthening this Autumn, one can really expect the trend to continue in the future.Over a short-period of time, the strong USD has easily sent the...
The Federal Open Market Committee faces a big test this week – can it announce the start of its balance sheet reduction operation without sparking something like a taper tantrum? This is one of the key meetings of the year as the monetary policy...
Better be safe than sorry Bitcoin has been a key market for risk-off trading during the recent volatility spikesWhen markets are hard to predict, the smart money is always keen to play it safe. That’s exactly what “hedge your risk” was coined for....
Over the centuries, the United States dollar better known to traders as the USD, has emerged as the world’s most actively traded currency and the core of the global financial system. The evolution of the currency is long and storied.The USD has a history...
New Tory Minister Affirms ‘Hard Brexit’ Amid Waning SupportTalks of avoiding a hard Brexit are a fatal show of weakness for the United Kingdom, according to new Conservative minister Steve Baker, who insists there will be no compromise on Prime Minister Theresa May’s exit...
The euro has been a star performer in 2017 and it looks like it could be set for further gains as we head into the second half of the year.Euro net long positions as recorded by the US Commodity and Futures Trading Commission jumped...
Brexit Negotiations: Day 1 RecapIt was said that Brexit negotiations were not about “punishment” or “revenge”, but the talks between Chief European Union (EU) negotiator Michael Barnier and the UK’s Brexit Negotiator David Davis did look a lot like kicking a man while he...
GBPUSD continues to hold a little way above seven-month lows but looks susceptible to any drop in sentiment as tense and tough negotiations over Brexit commence yesterday (June 19th).Sterling traded above $1.28 in early trading as markets look for clues about where the talks...
Welcome to day one of 730Brexit negotiations begin after nearly a whole year of speculation and build up. Yesterday at 11 a.m. BST in Brussels the door to the negotiation table opened. Theresa May’s government already appears to be on the ropes with a...
The Federal Reserve is widely expected to raise rates on Wednesday but the big question for the market is whether June marks a pause in the current tightening cycle or if policymakers display a willingness for at least one more hike in 2017.The Federal...
A stronger Conservative majority likely to produce short-term rally for sterling, but weigh on longer term prospects. Other results may produce risk-off selling in UK assets on political instability but increased chances of a softer Brexit may boost sentiment longer term.Sterling could go either...
General Election 2017 market analysis - is a Labour government bad for stocks?Would a Labour win really be bad news for the FTSE? Stock markets are not that political but there is a widely-held belief that investors prefer a Conservative government to a Labour...
How does the UK general election affect the pound? Traders are second-guessing where sterling is headed before the nation goes to the polls again on June 8th as politics seem to remain front and centre in the forex markets.Snap judgmentThe surprise move by Theresa...
With the United Kingdom gunning for Brexit and France being pulled in the direction of Euroscepticism, we take a hypothetical look at how the European Union (EU) would deal with two exits simultaneously.For many, the U.K.’s decision to leave the EU was a death...
Last month, U.K. Prime Minister Theresa May shocked the world by announcing a snap parliamentary election for June 8. The unnecessary appointment with voters was an attempt by the ruling Conservative majority to earn a stronger mandate to negotiate their exit from the European...
EURUSD seems to be looking for an excuse to assault the $1.10 level and the ECB could provide the ammunition. But it might also prove a big disappointment.The pair has so far failed to maintain much momentum since the French election result produced a...
The Trump reflation trade was on full display in the first quarter, as investors rallied behind expectations of faster economic growth under the new GOP administration. However, gains slowed significantly in March after failed healthcare legislation in Washington undermined confidence in the Trump presidency.The...
US earnings season kicks off properly on April 13th as Citigroup, Wells Fargo and JPMorgan Chase & Co all report their first quarter revenues. Financials are set to be among the top performers and expectations are running high.Here’s our quick preview of what to expect...
European stocks are find favour in many corners of the investment community as US stocks struggle for a fresh leg up.US stocks look expensiveBy just about any gauge, US stocks look pretty expensive. That’s not to say they won’t keep rising – but it...
Dollar expectations skew GBPUSDThe British pound fell back sharply against the US dollar in hours before Prime Minister Theresa May triggered Article 50 to officially leave the EU. The trouble with using Brexit uncertainty to explain the drop in the pound is that the...
Where is the global economy going? With the Trump trade and global reflation, the outlook has improved a lot in recent months, according to some of the world's top money managers at least.The latest Global Fund Manager survey from Bank of America Merrill Lynch...
The British government has confirmed it will trigger Article 50 to begin exiting the European Union on March 29th.Despite rocking a touch on the news, sterling got off to a pretty good start on Monday (March 20th) as it climbed to a three-week high...
Federal Reserve meeting – potential for hawkish surprise could be overstatedThe Federal Reserve is a dead cert to raise rates on Wednesday, so the key question is how far and how fast the US central bank will tighten monetary policy this year. Attention will...
GBPUSD outlook more bullish, says Morgan Stanley.Sterling has slipped to a seven-week low ahead of the Budget, trading below $1.22 for the first time since Theresa May launched her campaign for a clean, hard Brexit back in the middle of January.But could now be...
Forex trading is a technical profession and there are factors in forex trading that are extremely import to understand for a forex trader to succeed.  One of these factors is forex correlations.  Forex correlation of currencies gives the trader a firm understanding of the...

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Gold Commodity

Gold Technical Analysis

Gold futures are down by almost a percentage point. The decline in the dollar is associated with rising yields in the U.S treasuries and...
Gold Commodity

Gold Rally Could Grow Legs on Long-term Trend-line Break, Silver to Follow

GOLD/SILVER HIGHLIGHTS:Gold threatening to break key long-term trend-line Weekly close above will be needed to qualify as a sound breakout Silver has resistance but will...
US Dollar Currency

Dollar trapped in negative sentiment; European stocks set for weekly gains

Here are the latest developments in global markets:FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing...