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Crude oil supported by market fundamentals/Gold bears dominated the market/DXY bearish pressure persists

Nov 30,2020

30 November 2020 Monday Morning Market Release Overnight Reviews: Gold: -1.30% US Index: -0.27% WTI Oil: 1.26% EURUSD: 0.42% Crude oil supported by market fundamentals   Crude oil held onto its gains above the $45 per barrel handles, where the latest support was coming from positive vaccine news. Investors continue to......

Oil pared losses, investors await further market clarity/Gold extended gains on inflation concerns/Euro denying to fall while investors eyes on ECB meeting

Sep 10,2020

10 September 2020 Thursday Morning Market Release Overnight Reviews: Gold: 0.77% Silver: 1.16% US Index: -0.30% WTI Oil: 2.85% NDX: 0.81%  Oil pared losses, investors await further market clarity    Crude oil managed to recover some losses from Tuesday, with a falling dollar supporting the commodity. After rebounding from sub-zero levels......

Oil sour by fundamentals/Gold under a relentless rally/DXY oh lord

Jul 24,2020

24 July 2020 Friday Morning Market Release Overnight Reviews: Gold: 0.75% Silver: -1.66% US Index: -0.22% WTI Oil: -2.02% NDX: -2.42%  Oil sour by fundamentals        Crude oil market stepped back -2% yesterday, closing in red due to the fundamentals side’s bearish pressure. With the lower demand caused......

Oil market struggling on mixed sentiment/Gold – The safest asset/Dollar rally marches on

Feb 21,2020

Overnight Reviews: Gold: 0.49% Silver: -0.36% US Index: 0.33% WTI Oil: 0.00% NDX: -0.94%  Oil market struggling on mixed sentiment The black commodity was traded flat near the $54 handle, after breaking out from its previous consolidation zone. The oil market is currently battling fears of the Covid-19, which dampened......

Lack of Catalyst Preventing Breakout

Nov 29,2019

Following our last week’s report on GBP/USD, the pair is still trading in its flag formation, while currently testing near its top-levels. Overall price action remains healthy above its demand zone, with its 18EMA providing support for any price retracement.   In terms of MACD, although still in a bearish zone,......

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