Recently it was announced that Warren Buffett has decided to sell nearly 90 per cent of his Goldman Sachs shares amidst rising coronavirus concerns and prevailing uncertainty in the stock market. The sweeping turmoil in the market has drastically changed the top investor's outlook on the intrinsic value of assets after being jolted by these pandemic developments, and he appears to be looking for a new safe-haven harbour to invest into.
Read full analysisThe WTI tumbled to nearly -$40 per barrel when the May futures contracts expired in late April, but has subsequently managed to bounce back to around $25 per barrel. Following this momentary 'stabilisation', the price of crude has started to consolidate within the boundaries of a narrow range, as investors wait to see whether global demand would pick up now that more and more states are working towards gradually reopening their economies. [...]
Read full analysisThe price of gold has skyrocketed over the last several months, as a direct consequence of the bolstered demand for the precious metal. Gold was already finding itself in a bullish market prior to the global outbreak of the novel coronavirus, as we pointed out in our previous analysis on the commodity, and the escalation of the situation only bolstered the prevailing bullish sentiment in the market. [...]
Read full analysisOver the past several weeks, gold, which is arguably the most popular safe-haven asset in the world, has undergone through a remarkable surge in volatility due to the underlying changes in demand for the precious commodity. Its price has risen in line with the exponentially increasing uncertainty from the coronavirus pandemic, which continues to plague the global capital markets. [...]
Read full analysisCoffee futures are currently trading at the lower end of a major bearish trend, which prompts some market analysts to expect the underlying market sentiment to change soon. The price action has already broken out above a few key resistance levels, which some traders perceive as early indications suggesting the increasing bullish commitment in the market. [...]
Read full analysisThe price of crude oil bounced back up today by nearly 7 per cent from a low that has not been reached in almost two decades. The price rose from the historic support level at 20.00 dollars per barrel after it was announced that Donald Trump and Vladimir Putin held talks over the phone yesterday. According to people familiar with the matter , they discussed the prospects of working together to stabilise the jolted energy market. [...]
Read full analysisThe price of wheat is typically affected by market seasonality, as there is a strong correlation between the time of the year and the global supply of wheat. [...] Right now, however, national lockdowns could very likely affect those strict timelines [...] Hence, the current analysis examines the expected impact of the global COVID-19 pandemic on the cultivation of wheat [...]
Read full analysisThe price currently finds itself below the first major obstacle [...] and its behaviour around it is going to shed more light on the likely future development of crude's price. That is why the present analysis delves into the fundamental and technical aspects of the crude oil market and investigates whether the price is going to manage to continue its recent bullish correction, or the long-term bearish trend is going to prevail at the end.
Read full analysisIn the days leading up to the announcement of a global COVID-19 pandemic, gold had climbed to 1700 dollars per troy ounce – a level that was last reached in December of 2012. The rally was prompted by fear of the unknown – investors scrambling into havens in a bid to protect themselves against a worst-case scenario, at a time when the situation is changing fast, and the underlying conditions of the threat are continually evolving. [...]
Read full analysisCrude oil is currently attempting to make a crucial breakdown below an important support level, which would blast the price to a 3-years low. The week began more than promising for the precious commodity, which climbed with nearly 5 per cent during Monday’s trading session. However, things have been steadily deteriorating since then, and the price is currently attempting to close down below the significant support level at 45.00.
Read full analysisRecently it was announced that Warren Buffett has decided to sell nearly 90 per cent of his Goldman Sachs shares amidst rising coronavirus concerns and prevailing uncertainty in the stock market. The sweeping turmoil in the market has drastically changed the top investor's outlook on the intrinsic value of assets after being jolted by these pandemic developments, and he appears to be looking for a new safe-haven harbour to invest into.
The WTI tumbled to nearly -$40 per barrel when the May futures contracts expired in late April, but has subsequently managed to bounce back to around $25 per barrel. Following this momentary 'stabilisation', the price of crude has started to consolidate within the boundaries of a narrow range, as investors wait to see whether global demand would pick up now that more and more states are working towards gradually reopening their economies. [...]
The price of gold has skyrocketed over the last several months, as a direct consequence of the bolstered demand for the precious metal. Gold was already finding itself in a bullish market prior to the global outbreak of the novel coronavirus, as we pointed out in our previous analysis on the commodity, and the escalation of the situation only bolstered the prevailing bullish sentiment in the market. [...]
Over the past several weeks, gold, which is arguably the most popular safe-haven asset in the world, has undergone through a remarkable surge in volatility due to the underlying changes in demand for the precious commodity. Its price has risen in line with the exponentially increasing uncertainty from the coronavirus pandemic, which continues to plague the global capital markets. [...]
Coffee futures are currently trading at the lower end of a major bearish trend, which prompts some market analysts to expect the underlying market sentiment to change soon. The price action has already broken out above a few key resistance levels, which some traders perceive as early indications suggesting the increasing bullish commitment in the market. [...]
The price of crude oil bounced back up today by nearly 7 per cent from a low that has not been reached in almost two decades. The price rose from the historic support level at 20.00 dollars per barrel after it was announced that Donald Trump and Vladimir Putin held talks over the phone yesterday. According to people familiar with the matter , they discussed the prospects of working together to stabilise the jolted energy market. [...]
The price of wheat is typically affected by market seasonality, as there is a strong correlation between the time of the year and the global supply of wheat. [...] Right now, however, national lockdowns could very likely affect those strict timelines [...] Hence, the current analysis examines the expected impact of the global COVID-19 pandemic on the cultivation of wheat [...]
The price currently finds itself below the first major obstacle [...] and its behaviour around it is going to shed more light on the likely future development of crude's price. That is why the present analysis delves into the fundamental and technical aspects of the crude oil market and investigates whether the price is going to manage to continue its recent bullish correction, or the long-term bearish trend is going to prevail at the end.
In the days leading up to the announcement of a global COVID-19 pandemic, gold had climbed to 1700 dollars per troy ounce – a level that was last reached in December of 2012. The rally was prompted by fear of the unknown – investors scrambling into havens in a bid to protect themselves against a worst-case scenario, at a time when the situation is changing fast, and the underlying conditions of the threat are continually evolving. [...]
Crude oil is currently attempting to make a crucial breakdown below an important support level, which would blast the price to a 3-years low. The week began more than promising for the precious commodity, which climbed with nearly 5 per cent during Monday’s trading session. However, things have been steadily deteriorating since then, and the price is currently attempting to close down below the significant support level at 45.00.