Opinion
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Oil extends losses and tests local lows. Piper Sandler bets on a rebound
Brent crude ( OIL ) is down nearly 3% today, trading around $93 per barrel and extending a clearly bearish…
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Gold drops to one-week low, seems vulnerable below $4,500 on hawkish central banks
Gold remains on the back foot as the USD continues to benefit from persistent geopolitical uncertainties. Inflation fears lift hawkish…
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NZD the strongest currency after a hawkish surprise from the RBNZ
RBNZ: hawkish hold The RBNZ delivered a decision that the market interpreted as a classic “hawkish hold.” The Official Cash…
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Cocoa surges 8% amid El Nino risk – Is short squeeze possible?
ICE cocoa futures ( COCOA ) are rebounding sharply as the market begins to reprice weather-related risks tied to El…
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BP shares take a beating after it loses its chairman
BP is the worst performer on the FTSE 100 this afternoon, after news broke earlier that chairman Albert Manifold was…
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Commodity Wrap – Gold, Oil, Natgas, Coffee
Key takeaways Gold: Prices remain under pressure from persistent inflation and high US yields, but continuous purchases by central banks…
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Chart of the Day: OIL.WTI
Following Monday’s improvement in market sentiment, which brought a substantial decline in energy commodity prices, we are observing a partial…
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Chart of the Day – Oil Reacts to Trump’s Words Again. Real Drop or Just a Correction?
The oil market has once again demonstrated just how powerful—yet often short-lived—a catalyst Donald Trump’s words can be. Yesterday’s remarks…
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Currency Talk – EUR/USD, USD/CHF, USD/CAD
Key takeaways What is the technical outlook for EURUSD, USDCHF and USDCAD? EURUSD EURUSD prices have recently broken below the…
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Trade of the day: OIL
Facts Brent crude oil contracts (OIL) rebounded from local lows near $102.5 reached on May 20 to around $106 on…
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