OIL The black gold is starting the week on a mixed tone amid uncertain short to mid-term market sentiment. While oil related shares are drifting, the fact the US Dollar is holding onto last week’s gains is keeping a certain bearish pressure on the barrel’s price. On the other hand, lagging talks between Iran and…
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GOLD Gold gained approximately 1% during early Friday trading, following a slowdown in dollar gains, however the precious metal is still on track for the worst weekly performance since March 2020. With investors pricing in the adoption of a more hawkish stance from the Fed, the dollar will be likely to remain supported, at least…
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OIL Oil prices dropped back from multi-year highs late on Wednesday, after the Federal Reserve indicated its intention to raise interest rates faster than previously thought, triggering a dollar rally. With the Fed becoming hawkish, the dollar is likely to continue to rally in the days ahead, representing a headwind for oil and other commodities.…
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OIL Oil prices reached new multi-year highs during early Wednesday trading, with Brent touching $74.71, the highest watermark since October 2018. The current prices illustrate a plainly bullish stance amongst investors who clearly are betting on the continuation of this upwards trend, due to rising demand as economies emerge from lockdowns, with many now expecting…
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OIL The oil price remained flat during early Tuesday trading, as the prospect of increasing supply from Iran faded. The markets have been looking with interest at the ongoing negotiations between the US and Iran, with the objective of reviving the nuclear agreement between the two countries, which could also mean the end of restrictions…
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EUROPEAN SHARES European shares edged significantly higher at the start of a new week, amid strengthened market sentiment following a G7 meeting showing unity among leaders. Even if many issues remain on the international scene (Brexit, climate change, relationship with China etc.), investors were happy to see world leaders willing to work together to solve…
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OIL Oil prices are falling on Thursday, following the release of inventory data in the US that showed a surge in gasoline stocks. Recent oil price gains resulted, to a large extent, from investors expecting more demand from the end of lockdowns and the usual increase in driving experienced during the summer months. However, data…
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EUROPEAN SHARES Stocks fluctuated with lower volumes than usual in Europe on Wednesday, following a mixed trading session in Asia where losses in Japan were offset by gains from Chinese shares. While investors search for new bullish catalysts to drive stock prices higher, there are still no significant bearish market drivers to trigger a sell-off…
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EUROPEAN SHARES Stocks opened modestly higher in Europe on Tuesday, with gains in utilities offset by losses from automakers. No significant price action has been spotted so far and investors face much less volatile and directional markets this week due to the lack of market drivers. Most benchmarks are still flirting with historical highs and…
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GOLD ADP data strongly surpassed forecast, with almost a million new jobs created last month in the US. Investors are awaiting Friday’s non-farm payroll numbers, but yesterday’s data are showing that US recovery is probably stronger and quicker than expected. What does it mean for the markets? In a few words the US job market…
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