Commodities
Crude Oil attempts to go beyond $70.00 despite IMF’s bearish outlook
Crude Oil struggles to uphold $70.00 for more than day, with more downside expected Traders expect longer sluggish demand as markets reprice Fed rate cut prospectsThe US Dollar Index broke above
Crude Oil appreciates near $69.00 due to rate cuts in PBoC, easing geopolitical tensions
WTI could receive support as PBoC rate cuts could stimulate China’s economic activity, potentially increasing Oil demand.US President Joe Biden stated that there is an opportunity to end the conflict
Market Movers: Netflix Earnings, China’s GDP, and Gold’s Record High
Friday’s tame US stock futures came from investors evaluating a barrage of corporate reports and new economic statistics from China. The streaming behemoth Netflix (NASDAQ:NFLX) exceeded earnings forecasts for the
WTI inches higher near $70.50 following drop in US Oil stocks
WTI gained ground due to an unexpected drop in US Oil inventories.US Crude Oil Stock declined by 2.192 million barrels in the previous week, against the expected 2.3-million-barrel increase.Israel’s military
Gold Prices Breaks $2,700 for first the time stays above this level
Gold price sits at record highs above $2,700, awaits Fedspeak for fresh impetus.The US Dollar consolidates weekly gains after riding on a likely Trump victory optimism.The daily RSI prods overbought
Crude Oil drops to two-week low below $71.00 due to ease in oil supply disruption
WTI price loses ground to around $70.70 in Thursday’s early Asian session. Easing fears of an oil supply disruption in the Middle East, sluggish global oil demand outlook weigh on the
XAUUSD Forecast: Gold Prices to looks for $2,700 after Wednesday’s close above $2,670
Gold price flirts with record highs, awaiting US Retail Sales data for next push higher.The US Dollar retreats after rallying on a Trump victory optimism, as China worries linger.Gold price’s