GOLD AND OIL All seems to be extremely calm as traders and investors wait to hear from Jerome Powell, Chair of the Federal Reserve, to try and understand if the US central bank is considering any tapering or has any concerns about the possibility of inflation in the next few months. In this scenario, gold…
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GOLD Uncertainty is the dominant theme on the gold market currently with bullion steady with little volatility as investors wait for a new market driver. After the fall in stock seen over the last few days, traders are trying to understand if this was only a correction of if the movie just started. Meanwhile, they…
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OIL Uncertainty is dominating early trading, after a weekend which showed that vaccines are proceeding slowly. Meanwhile, indices are trying a difficult, and so far inconsistent, rebound. Oil is following stocks and is showing a modest gain, which brought WTI back to the resistance level at $52.70. From a technical point of view, a clear break…
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EUROPEAN SHARES European equity markets drifted lower on Friday, following a global trend after mounting virus-related fears hit sentiment at the end of the week. The recent market euphoria fed by further stimulus plans and corporate results, peaked on Thursday as Joe Biden’s inauguration as President pushed US markets to record highs. Following that it…
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GOLD The presidency of Joe Biden started with expectations for a new stimulus and with a new rally for the bullion price. Gold jumped well above the threshold of $1,850 and is now dancing around the $1,870 mark. This rebound confirms the momentum for gold’s recovery has returned, as investors are betting on further monetary…
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OIL Oil is confirming its positive momentum with WTI rebounding above $53. Market sentiment remains positive as traders are building further long positions, in a clear bet on the demand side recovering once the vaccinations defeat the virus, putting an end to the lockdown of the last few months. Moreover, the price seems to be…
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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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