Commodities

Oil Prices Retreat on Rate Cut Delay Speculations Despite OPEC+ Production Cut Extension Possibilities Oil prices experienced a decline in Asian trading on Wednesday, as concerns over potential delays in US interest rate cuts and a surge in US crude inventories outweighed earlier support derived from reports suggesting a potential …

Markets seem to have entered a consolidative stage ahead of key data releases on both sides of the ocean, while Fed speakers and ECB officials equally appear aligned behind the idea of cutting rates later than the majority of investors anticipate.The USD Index maintained its gradual leg lower in place, …

The USD/CAD pair has gained positive momentum for the fourth consecutive trading day, reaching a nearly two-week high around the 1.3545 region during the Asian session. This positive move is primarily driven by a modest increase in US Dollar (USD) demand, but bullish crude oil prices may limit further gains …

The bankruptcy of Evergrande, the largest private real estate group in China, was one of the reasons that drew the world’s attention to what is happening to the world’s second largest economy. But the plight of small and medium-sized companies in China has not received the attention it deserves at …

WTI crude oil has gained +1.46%, and is trading at $78.52 per barrel at the time of writing. Brent crude has gained +1%, and is trading at 82.44 per barrel.Crude Oil has extended its recovery this week, with WTI crude oil reaching a new high on Tuesday. This comes as …

A further depreciation of the US dollar enabled riskier financial assets to continue rising in the green, amidst persistent bets of a June interest rate cut by the Fed and before of important inflation data for the US (PCE) and the Eurozone’s CPI data. When measured by the USD Index …

The US benchmark WTI oil prices rose over 1.25% on Monday, around $77.37 per barrel due to the ongoing Red Sea shipping threat and European diesel demand. The slump in US diesel exports to Europe was attributed to lower refinery output and tighter supplies in the US, with Europe’s US …

Early Asian Trading Reflects Persistent Pressure on Oil Prices Early Asian trading on Monday witnessed a continuation of the downward trend in oil prices, extending losses from the previous session. Concerns surrounding higher-than-expected inflation and its potential impact on US interest rate policy weighed heavily on market sentiment, amplifying uncertainty …

Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …

Gold price surged on Friday, driven by retreating Treasury yields and a prevalent optimistic market sentiment. The risk-on pulse also prevailed, and gold attracted investors, defying typical safe-haven asset trends. Gold price resumed its weekly uptrend and finished the week in the green territory with 1.11% gains, taking advantage of …