Energy prices have been falling over the last few weeks on weaker global demand and the rising value of the dollar, which also prompted the price of natural gas to slide. E-mini natural gas futures with expiry in October (QGV2020), in particular, have been tumbling since late-August. Nevertheless, the longer-term market sentiment remains ostensibly bullish, which means that the price may yet rebound after the [...]
Read full analysisThe price of wheat is developing a new bullish trend after exiting out of a major bearish market in early-July. Wheat futures sank as low as 480.00 cents per bushel in late-June, just before the beginning of the summer harvest in Europe. According to people familiar with the matter, the harvest results in France and Britain fell short of last year's recorded performance. Meanwhile, better-than-expected [...]
Read full analysisThe market for precious metals experienced some difficulties last week after the greenback started recuperating once again. The EURUSD temporarily broke out above the psychological barrier of 1.20000 last Tuesday before the pair rebounded. The dollar started recovering after the publication of robust manufacturing numbers for August, which entail faster-than-expected recovery in the US. [...]
Read full analysisThe price of crude oil's October futures contract tanked on Wednesday by nearly 3 per cent following the latest inventories data in the US. The findings of the weekly petroleum data review for the week ending August 28th confused some traders, which resulted in the massive dropdown. The Energy Information Administration revealed that crude oil inventories had decreased by 9.4 million barrels, whereas the [...]
Read full analysisGold has advanced by over $500 per troy ounce since the beginning of the coronavirus crisis, as investors started feeling to low-risk securities amidst rising global uncertainty. Recently, the precious commodity even managed to cross above the psychologically significant threshold of $2000 temporarily, but then it retreated from the all-time high at $2074. [...]
Read full analysisThe price of crude oil has been trading in a narrow range over the past several weeks, ever since the energy market started stabilising following the OPEC+ deal for the reduction of aggregate production. But even with the oil price war between Saudi Arabia and Russia now being a thing of the past, the next several months look like they are going to be quite turbulent for the precious commodity. [...]
Read full analysisThe price of crude oil has been trading horizontally in a very tight range since the beginning of June. So far, the commodity's bullish run, which was initiated in the wake of the oil market crash, appears to have reached a deadlock, and is struggling to advance higher. Oil's price has been trading around the psychologically important threshold of 40 dollars per barrels since the 5th of June. [...]
Read full analysisThe precious commodity climbed more than $6 per ounce since the height of the market rout in late-March, which was triggered by the coronavirus crisis. The surge in demand for silver was impacted positively by gold's bullish run that was unfolding at the same time. Both developments can be attributed to investors' heightened demand for safe-haven assets, which typically encompass low-risk securities [...]
Read full analysisCrude oil has been consolidating in a tight range ever since our previous analysis of the commodity's price action. This is partly due to the gradually increasing aggregate demand worldwide, as governments ease their restrictions, and partly due to the recovering industrial activity. Moreover, the supply glut from the beginning of the coronavirus crisis, which inspired the crash in the energy market [...]
Read full analysisThe recent rise in the demand for the precious commodity stemmed from the resurgence in COVID-19 cases in the US and elsewhere, as governments continue to ease containment restrictions. Owing to the once again growing numbers of confirmed cases, the global uncertainty that continuously casts a shadow over the prospects for economic recovery is once again heightened. [...]
Read full analysisEnergy prices have been falling over the last few weeks on weaker global demand and the rising value of the dollar, which also prompted the price of natural gas to slide. E-mini natural gas futures with expiry in October (QGV2020), in particular, have been tumbling since late-August. Nevertheless, the longer-term market sentiment remains ostensibly bullish, which means that the price may yet rebound after the [...]
The price of wheat is developing a new bullish trend after exiting out of a major bearish market in early-July. Wheat futures sank as low as 480.00 cents per bushel in late-June, just before the beginning of the summer harvest in Europe. According to people familiar with the matter, the harvest results in France and Britain fell short of last year's recorded performance. Meanwhile, better-than-expected [...]
The market for precious metals experienced some difficulties last week after the greenback started recuperating once again. The EURUSD temporarily broke out above the psychological barrier of 1.20000 last Tuesday before the pair rebounded. The dollar started recovering after the publication of robust manufacturing numbers for August, which entail faster-than-expected recovery in the US. [...]
The price of crude oil's October futures contract tanked on Wednesday by nearly 3 per cent following the latest inventories data in the US. The findings of the weekly petroleum data review for the week ending August 28th confused some traders, which resulted in the massive dropdown. The Energy Information Administration revealed that crude oil inventories had decreased by 9.4 million barrels, whereas the [...]
Gold has advanced by over $500 per troy ounce since the beginning of the coronavirus crisis, as investors started feeling to low-risk securities amidst rising global uncertainty. Recently, the precious commodity even managed to cross above the psychologically significant threshold of $2000 temporarily, but then it retreated from the all-time high at $2074. [...]
The price of crude oil has been trading in a narrow range over the past several weeks, ever since the energy market started stabilising following the OPEC+ deal for the reduction of aggregate production. But even with the oil price war between Saudi Arabia and Russia now being a thing of the past, the next several months look like they are going to be quite turbulent for the precious commodity. [...]
The price of crude oil has been trading horizontally in a very tight range since the beginning of June. So far, the commodity's bullish run, which was initiated in the wake of the oil market crash, appears to have reached a deadlock, and is struggling to advance higher. Oil's price has been trading around the psychologically important threshold of 40 dollars per barrels since the 5th of June. [...]
The precious commodity climbed more than $6 per ounce since the height of the market rout in late-March, which was triggered by the coronavirus crisis. The surge in demand for silver was impacted positively by gold's bullish run that was unfolding at the same time. Both developments can be attributed to investors' heightened demand for safe-haven assets, which typically encompass low-risk securities [...]
Crude oil has been consolidating in a tight range ever since our previous analysis of the commodity's price action. This is partly due to the gradually increasing aggregate demand worldwide, as governments ease their restrictions, and partly due to the recovering industrial activity. Moreover, the supply glut from the beginning of the coronavirus crisis, which inspired the crash in the energy market [...]
The recent rise in the demand for the precious commodity stemmed from the resurgence in COVID-19 cases in the US and elsewhere, as governments continue to ease containment restrictions. Owing to the once again growing numbers of confirmed cases, the global uncertainty that continuously casts a shadow over the prospects for economic recovery is once again heightened. [...]