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Crude Oil Analysis
August Nymex WTI prices are in consolidation mode Thursday, extending their gains ahead of the EU summit. WTI futures rallied as much as 0.6% during Wednesday’s session to post a close of $80.21 a barrel, the highest close observed for a week.
Bonds Analysis
German government bonds are opening moderately lower Wednesday, with prices seen underpinned ahead of the Italian T-bill auction and also key political events in Europe.
Crude Oil Analysis
August Nymex WTI prices are trading around unchanged levels Wednesday and have been confined to a narrow range so far this morning.
Gold Analysis
Spot gold prices are trading in modest negative territory Wednesday in what has been a lacklustre session for the precious metal so far.
Bonds Analysis
German government bonds are trading lower Tuesday with long-dated issues underperforming the yield curve, weighed by the heavy slew of eurozone issuance in that sector.
Gold Analysis
Spot gold prices remain at around unchanged levels Tuesday and have been subject to a limited range so far today. Prices held just ahead of moderate support when they slipped to session lows of $1581.63 ahead of the European cash equity opening, just ahead of some minor support around $1580.10.
Bonds Analysis
German government bonds are opening lower Tuesday, but off their worst levels as Spain yield spreads trade wider after Moody’s decision to downgrade 28 Spanish banks by 1-4 notches.
Gold Analysis
Spot gold prices are trading around unchanged levels so far Tuesday, with the market so far in consolidation mode after Monday’s session saw prices advance to the upside after being range ridden for much of the session.
Crude Oil Analysis
August Nymex WTI prices are trading in negative territory Tuesday as markets continue to position themselves for the likelihood that nothing concrete will emerge from this week’s EU summit to address the balance of risk in Europe.
Bonds Analysis
German government bonds are sharply higher Monday, as risk-off sentiment prevails with stocks lower and EMU peripheral spreads wider.
Gold Analysis
Spot gold prices are trading around unchanged levels Monday with prices so far confined to a range of $1570/68 in Asian trade. Prices initially slipped to session lows of around $1568 before rallying back, in tandem with an improvement in other risk assets, to trade to session highs of around $1576.40 a troy ounce.
Crude Oil Analysis
August Nymex WTI prices are trading in positive territory Monday with prices so far seen in a range of $79.78 to $80.67 a barrel. Prices initially traded up to session highs of $80.67 after the threat of a storm shut nearly a quarter of the country’s offshore crude and gas output in the Gulf of […]