Commodities

Gold continues to find demand amid the ongoing Russia-Ukraine crisis. The technical picture suggests that XAU/USD remains bullish in the near-term, pointing to additional gains towards USD 1,975.US inflation data and geopolitical headlines to drive next week’s action. On Wednesday, the US Bureau of Labor Statistics will release the February …

Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …

Oil topped $111 a barrel on Friday in a volatile session as fears of disruption to Russian oil exports due to Western sanctions outweighed expectations of an increase in Iranian oil supplies in the event of a nuclear deal with Tehran. Markets were turbulent due to signs of an escalation …

Oil fell 2 percent on Thursday, after hitting prices not seen in nearly a decade, amid selling on hopes that the United States and Iran will soon reach a nuclear deal that could contribute to increasing supply, which is currently suffering from tightness. Trading was volatile, with crude oil prices …

Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …

US oil price is off by some 3% as WTI crude fell off decade highs on Thursday following reports that a deal to allow the return of Iranian supplies to the global market is near.Traders are looking for supplements that can replace Russian exports that have been cut by sanctions …

US State Department said on Thursday that there has been significant progress in nuclear talks with Iran and we are close to a possible deal.However, a number of difficult issues remain unresolved and we will not have a deal unless we can resolve the remaining issues quickly. Oil slid 2% …

USD/CAD is currently trying to settle back above 1.2680, while the US dollar is gaining ground against a broad basket of currencies.The US Dollar Index is testing the resistance level at 97.75. If this test is successful, the US Dollar Index will move towards the next resistance at 98, which …

Russia’s invasion of Ukraine has undoubtedly had a major influence on major financial markets, as some assets benefited and climbed strongly, while others incurred heavy losses. Bitcoin and gold have had the lion’s share of benefits as investors rush to hedge against the consequences of war.After initially falling to around …

Oil prices continued their rally on Thursday, with Brent crude heading towards $120 a barrel, its highest level in nearly a decade, due to US sanctions on Russian refiners, shipping disruptions, and a drop in US crude stocks to their lowest level in years. Brent crude futures prices rose to …