By Konstantinos Chrysikos, Head of Customer Relationship Management at Kudotrade Oil prices remained near yesterday’s close but were volatile. The market is still poised to close the week in negative territory, snapping a six-week winning streak. Current geopolitical developments continue to fuel caution among traders. The meeting between US and…
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Gold Volatile As Macro Signals and Geopolitics Affect Sentiment
By Joseph Dahrieh, Managing Director at Tickmill Gold prices remained volatile, but traded broadly near the same levels seen during the last few trading sessions. The market could stabilize gradually after its last selloff, but could continue to react to new data and geopolitical developments. The latter could fuel demand…
Continue ReadingDollar Pauses Near Two-Week Highs As Labor Data Weighs On Sentiment
By Frank Walbaum, Market Analyst at Naga The US dollar held steady on Friday, hovering near two-week highs and on track to close the week in positive territory. The currency strengthened in recent sessions, supported by the nomination of Kevin Warsh as the next Federal Reserve chair, a series of…
Continue ReadingUS Futures Plunge further in Asian Session Amid AI Mutual Annihilation
By Samer Hasn, Senior Market Analyst at XS.com S&P 500 futures declined by 0.5% today to reach a new November low of 6751.50, driven by a toxic set of factors of extreme competition and disruption by AI companies, weakening labor data and a resurgent dollar. Greenback is acting as a…
Continue ReadingMarkets Stay Choppy as BoE Signals Cuts, ECB Holds Firm: Michael Brown, Pepperstone
By Michael Brown, Senior Research Strategist at Pepperstone DIGEST – While the BoE & ECB stood pat yesterday, markets endured a choppy day, as the rotation into cyclical stocks continued amid badly received earnings from Amazon. Today, a light data docket awaits. WHERE WE STAND – It’s been another long…
Continue ReadingCrude Prices Retrace, Volatility Remains Amid Geopolitical Shifts
By Wael Makarem, Financial Markets Strategists Lead at Exness Oil prices retreated today after yesterday’s rebound, with geopolitical events dominating price action and fuelling a volatile environment. The developments in the Middle East remain a strong catalyst for crude and could continue to drive the market’s direction over the short-term.…
Continue ReadingGold Declined On Cautious Fed Members’ Comments, Support Persists
By Fadi Al Kurdi, Founder & CEO FFA Kings Gold retreated on Thursday, snapping a two-day rebound as a firmer US dollar weighed on prices. Recent remarks from Fed officials signaling caution regarding further easing amid lingering inflation risks supported the dollar and weighed on non-yielding assets like gold. While…
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USOIL (WTI): Are geopolitical tensions enough to support oil, or is the selling wave stronger
By Rania Gule, Senior Market Analyst at XS.com – MENA The oil markets are currently experiencing a complex state of fragile balance between geopolitical factors supporting prices and financial and economic pressures limiting their ability to achieve sustainable gains. From my perspective, the recent movements in crude prices near $64…
Continue ReadingMarkets Rotate as Tech Slips, Dollar Strengthens Ahead of ECB and BoE Decisions
By Michael Brown Senior Research Strategist at Pepperstone DIGEST – A sector rotation continued in the equity complex yesterday, as the dollar rebounded, and metals rolled over again. Today, decisions from the ECB and BoE highlight the calendar. WHERE WE STAND – I suppose that the general vibe of trade…
Continue ReadingGold Extends Its Recovery For A Second Consecutive Session But Continues To Face Elevated Volatility
By Linh Tran, Market Analyst at XS.com Gold recorded its second consecutive recovery session and is currently trading around USD 4,970 per ounce, indicating that dip-buying demand remains present after the sharp sell-off that previously pushed prices down toward USD 4,400 per ounce. The current price action suggests that market…
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