The yellow metal was eventually unchanged on the week, after making moves in both directions, as the market struggled to gain conviction. With USD having traded mildly stronger throughout this week’s trade, gold was found to be held… Read More
Crude oil prices continued to slide this week, moving into either seventh consecutive weekly decline. This is now the longest consecutive losing streak in oil since the markets collapsed in 2014 and many market participants are fearing that… Read More
Crude oil extended its current sell-off to a sixth consecutive losing week this week. The increased selling came on the back of yet another reported build in US crude oil inventories.
The latest data from the Energy Information… Read More
The yellow metal managed to recover this week, trading up off initial weekly lows, to put in a positive week. The move was largely a response to the rally in the US Dollar which traded up to fresh 2018 highs this week on better than… Read More
The yellow metal posted its second consecutive negative week as the resurgent US Dollar pushed gold down. The Dollar had initially been weaker at the start of this week’s session due to the outcome of the US mid-term elections which… Read More
Crude oil extended its decline into a fifth consecutive week this week as the US crude oil inventories were seen rising once again.
New Weekly High In Production
The latest data from the Energy Information Administration showed that crude… Read More
Gold prices were down sharply over the first half of the week as the US Dollar rallied up to fresh 2018 highs. However, as the Dollar retreated from the lofty levels posted initially on the week, gold was able to recover some of its… Read More
Crude oil extended its bearish run this week, printing a fourth losing week as the latest data from the Energy Information Administration showed US crude oil inventories rising for their sixth consecutive week.
The report from the EIA… Read More
Previously we talked about how commodity prices and forex were more linked than meets the eye. The case of energy, as best illustrated by oil prices, deserves a closer look; and shows us how the market can react quite counterintuitively.… Read More
Forex and commodities are often treated as two completely separate and unrelated instruments - there are forex traders, and there are commodity traders. And if you are trading strictly on technicals, that separation makes sense; commodities… Read More