GOLD Gold is edging higher, continuing the rebound started after the quick crash that brought the price close to the support zone of $1,800. Investors are awaiting further news about the new US government's planned stimulus as this could be another supportive element for bullion, in conjunction with the weakening of the dollar seen in…
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OIL Fears over the new variants of Covid-19 have caused the trading week to get off to a weak start. Indices are showing some moderate declines amid a more risk off stance. This, of course, is not the best scenario for oil, which started the European trading session showing a fractional decline after the fall…
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OIL No news is good news: this old motto describes the current situation on financial markets. Despite tragic figures coming from Covid-19, markets are set in a bullish limbo with the main environment firmly risk on. In this scenario, oil benchmarks are consolidating after the recent gains, which pulled up prices to their highest level since…
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EUROPEAN SHARES European shares fluctuated on Wednesday, following a mixed trading session in Asia where Chinese stocks slid lower while Tokyo outperformed. Even if the Fed tried to reassure investors yesterday by providing them with a harmonized dovish reaction from all governors, the lack of market directionality today reflects the uncertain market sentiment. Market volatility…
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OIL Oil is continuing its recovery, with WTI getting closer to $53. The modest decline seen in early trading yesterday was just a temporary break and the barrel remains in a supportive scenario. Investors are betting on the continued recovery of global demand over the next few months after a difficult 2020. The cuts announced…
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From a technical perspective, support around $1.35 has yet to be clearly broken. Despite the recent movement below both the 50 and 100 SMAs, selling volume remains low this week so far and we now have clear oversold signals from both the slow stochastic (15, 5, 5) and Bollinger Bands (50, 0, 2). Both of…
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OIL AND GOLD The week has started with some recovery signals from the greenback, while stock markets are taking a small pause after the recent rallies. The main scenario remains positive (we could say “risk on”), but we are seeing some investors taking profit. All this is reflected on the prices of gold and oil.…
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EUROPEAN SHARES European markets opened higher, confirming yesterday’s gains while benchmarks head for their best weekly performance since November. This “risk-on” market sentiment spread to Europe from the US after investors welcomed the result of the run-off election in the state of Georgia that gave the Democratic party effective control of the US senate, relieving…
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Gary Pettit, Chief Executive Officer UK, ED&F Man Capital Markets, commented: Our collaboration with Ballinger is a perfect example of our ability to be nimble, entrepreneurial and to work with partners to bring together best in class solutions for our clients. I am sure that this will be the first step of many in our…
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OIL The oil price is rebounding on the unexpected outcome of the OPEC+ meeting. The real surprise was Saudi Arabia announcing a voluntary cut of 1 million barrels a day that will be put in place over the next two months. The market reaction showed enthusiasm for the decision, with oil jumping by 5% to…
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