OIL Oil is following today’s bearish trend with market sentiment weighed down by the latest OPEC+ supply deal, which put an end to a 10-day dispute between Saudi Arabia and the UAE. With that deal confirmed, OPEC countries will now produce more, putting more oil on global markets to cope with an expected rise in…
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With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…
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OIL Oil prices were slightly up during early Friday trading, but remain on track for the largest weekly loss since March, as a combination of factors weighs down on the cost of the barrel. On one hand, the markets are growing increasingly concerned over a big rise in virus cases in the Asia Pacific region,…
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GOLD Gold is rising, continuing the momentum of the previous session when the precious metal gained more than 1% following Jerome Powell’s testimony to Congress where he defended the continuation of the current Fed’s accommodative policies to support the economic recovery and described inflationary pressures as a temporary issue. Such remarks penalised the dollar, cancelling…
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GOLD Gold rose during early Wednesday trading, with its safe-haven appeal increasing as investors reacted to news that several countries in the Asia-Pacific region continue to tighten restrictions in efforts to halt rising COVID cases. However, the precious metal’s gains were capped by the strengthening of the dollar, that followed the publication of US inflation…
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While a retest of the multi-year low around ¥6.36 doesn’t seem likely in the immediate future, a movement above the 200 SMA is also unfavourable. With no sign of saturation and the significant low quite close, consolidation with the value area between the 50 and 100 SMAs seems to be possible in the absence of…
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OIL Oil traded higher during early Tuesday, with most of Monday’s losses already cancelled. The price of the barrel remains conditioned by tight supply, with the markets expecting a continuation of the declines in US crude stockpiles, which have been on a downward trend since February. However, further price gains for oil are likely to…
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Macrobond, provider of global economic, aggregate financial and sector data for finance professionals, revealed that Stockholm-based Erik Penser Bank is using Macrobond to deliver critical data and modelling tools to interpret market events. Erik Penser Bank’s asset managers mine financial, corporate, sustainability and macroeconomic data to help from their allocation strategies and tailor solutions for…
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GOLD Bullion’s trend continued to slow-down for the end of the week as the “risk-on” mood remained, and the US dollar stayed flat. Technically speaking, the bullish break-out registered on Tuesday remains valid despite the lack of directionality of the end of the week, due to lingering uncertainty over many asset classes. Indeed, investors have…
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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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