Other Markets
Crude Oil Analysis
August Nymex WTI prices are trading narrowly lower Monday after ending Friday’s session $1.02 higher at $87.10 a barrel. The news on Sunday that Saudi Arabia and the United Arab Emirates had opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, has not really made any […]
Gold Analysis
Spot gold prices are trading around unchanged levels Monday after trading a little firmer earlier on during Asian traded hours. Gold prices edged their way lower from opening highs posted in Asia of $1593 a troy ounce in tandem with some moderate weakness observed in the euro, after the market had managed to print a […]
Crude Oil Analysis
August Nymex WTI prices are trading around unchanged levels Friday, recovering from a slip back in early Asian trade. WTI ended Thursday’s session 27 cents higher, posting a close of $86.08, up 27 cents on the day, gaining some moderate support from the tightening of US sanctions against Iran.
Bonds Analysis
German government bonds are higher Thurs in line with global fixed income markets following rate cuts in Korea/Brazil, weak economic data in Australia and easing measures in Japan.
Gold Analysis
Spot gold prices have slipped into negative territory Thursday, pressured by an uncertain outlook on future stimulus measures by the Federal Reserve.
Crude Oil Analysis
August Nymex WTI prices have slipped back into negative territory Thursday after settling up $1.90 at $85.81 a barrel during Wednesday’s session.
Bonds Analysis
German government bonds are trading little changed Wednesday into the NY session, with the belly of the curve outperforming following solid 10-year Bund auction, albeit in light volumes ahead of the key FOMC minutes later this session.
Crude Oil Analysis
August Nymex WTI prices are trading modestly higher Wednesday after falling over 2% during the previous session. WTI closed Tuesday’s session deeply in the red, settling down $2.08 at $83.91 a barrel, after a last minute intervention by the Norwegian government prevented the first shutdown of its oil industry in nearly 25 years.
Gold Analysis
Spot gold prices are trading in positive territory Wednesday after posting their biggest one day decline seen since late June during the previous session.
Bonds Analysis
German government bonds are lower Tuesday amid risk-on following release of better than expected Italian and UK industrial production data.
Gold Analysis
Spot gold prices have edged their way into negative territory Tuesday remaining in a narrow trading range during Asian traded hours. Gold prices eventually tried to break to the upside during Monday’s session, but were met with sellers camped in the resistance band of $1592/94.
Crude Oil Analysis
August Nymex WTI prices are trading in negative territory Tuesday after the Norwegian government intervened to end an energy strike that threatened to halt production by western Europe’s largest crude exporter.