OIL Oil markets traded lower on Thursday, mirroring the global trend as investors lack short to mid-term clarity. Traders desperately need further clues on where production levels are heading following the breakdown in talks inside the OPEC+ alliance. As uncertainty grows, traders prefer to reduce their exposure to oil and turn to safe havens like…
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GOLD Gold edged higher during early Wednesday trading, with the gains attributable to some dollar weakness in the runup to the publication of the latest FOMC minutes, as well as a drop in risk appetite. The sudden halt in the rise of oil prices on Tuesday resulting from a growing rift between Saudi Arabia and…
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GOLD Gold keeps on edging higher for the fifth trading session in a row as investors continue their rotation to safer assets amid rising global uncertainty. The situation looks reassuring for bull traders from a technical perspective after the price achieved a new high above $1,800, ending the short-term consolidation. Both moving averages are now rising…
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OIL Oil markets remained steady at the beginning of this new week as investors seek more clarity on production following tensions inside OPEC+. The unexpected clash between Saudi Arabia and the United Arab Emirates is leaving investors baffled despite the otherwise bullish environment for oil. The next few hours are likely to witness an increase…
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BlackBull Markets has revealed a partnership with affiliate marketing network Commission Junction. The New Zealand-based fintech firm pointed out that the Commission Junction was selected as a referral partner due to its broad network of collaborators and reputation for complementing the organic growth that companies experience. BlackBull Markets will start drawing on Commission Junction’s solutions…
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OIL Oil is trading almost flat during the early part of Friday’s session, having reached a fresh multi-year high during the previous session, following a last-minute disagreement amongst OPEC members that delayed a decision on increasing output levels by an estimated 400,000 barrels per day. Officials from member countries will reconvene today and attempt to…
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OIL Oil prices continued to rise during early Thursday trading, following the publication of US inventories data, which showed that stocks continue to decline. Meanwhile, investors now await the outcome of the OPEC+ meeting occurring today, with the consensus pointing at an increase in output in the order of half million barrels per day, which,…
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GOLD Gold remains on the back foot during early Wednesday trading, with the precious metal likely to have its worst month of the last few years. These losses clearly correlate with the strengthening of the dollar, with the markets pricing in the Federal Reserve’s shift to a more hawking stance. In the current context, Friday’s…
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GOLD The gold price is declining during early Tuesday trading, weighed down by the strengthening of the US dollar. The markets appear increasingly unsettled by the Fed’s taboo on inflation, with a growing number of investors taking a net view that the central bank’s ambiguity, mixing a new hawkish stance with dovish declarations from some…
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Australian dollar-US dollar, daily The Aussie dollar has recovered somewhat against its American counterpart since last week as sellers’ initial enthusiasm has worn off and most industrial commodities, Australia’s key exports, remain close to record highs. Sales of iron ore from Australia to China surged 20% in May, while Australian recovery measured by GDP growth…
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