OIL The weakness of stock markets is adding further bearish pressure on the oil price, with the WTI benchmark again approaching the psychological threshold of $20. Markets are now betting that the crisis could be relatively long, and the barrel is the perfect asset to be shorted by traders. From a technical point of view,…
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EUROPEAN SHARES Friday saw most European benchmarks consolidate following a solid three day rally. The market sentiment remains alive today, thanks to the global support measures taken in almost every region. However, investors around the world may be tempted to take some profits before the weekend. The spread of the virus doesn’t seem to be…
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OIL Risk-on remains predominant on markets. This is moderately helping the oil price in its attempt at a difficult recovery, as investors are still worried about the huge oversupply that is likely to remain the main topic for the next few months. The WTI price jumped up to $25 in the first part of the…
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GOLD The gold price finds itself the perfect environment with first the Federal Reserve unleashing its potentially unlimited stimulus package, followed by the closure of some Swiss gold refineries due to coronavirus. Therefore, it is little surprise that the price is jumping, despite the temporary return of risk on sentiment to markets. Moreover, the huge…
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OIL Crude oil has managed to recover almost 40% of its value after the low it sunk to two days ago at $20. This is also giving a bit of relief to stocks related to energy sector, such as Total, Eni and Shell, which is up almost 10%. After the strong sell-off seen earlier this…
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The following guest post is courtesy of ATFX Global Chief Market Strategist Alejandro Zambrano. As the new week is underway, metal prices have come under pressure, and gold prices look ready for a significant decline. Gold prices bottomed out in August 2018, and when crude oil prices and U.S. stock market indices peaked in October 2018,…
Read moreThe IBA consultation looked at the currency denomination to be used, how to determine price with below minimum number of participants present at auction and the use of a 'Sellers Premium'
Read moreICE has announced that direct participants Morgan Stanley and Standard Chartered have been approved to participate in the determining of the LBMA Gold Price. Last week, Bank of China was approved and all three new participants will join today
Read moreIn Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for Gold (in USD) and USD/JPY. To view and download the entire report, click here (PDF). GOLD (in USD): Correction in prices remains thus far mild • Gold has…
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