Other Markets
Crude Oil Analysis
August Nymex WTI prices have modestly recovered Friday after suffering their biggest decline this year during Thursday’s ruthless sell off. August futures posted gains of just over 1% after yesterday’s slide that saw prices collapse by 4%.
Gold Analysis
Spot gold prices remain in mild positive territory Friday, with markets so far today in consolidation mode ahead of the weekend. Gold initially extended yesterday’s sharp losses, on the European cash equity opening, to session lows of $1559.80 before prices edged their way back tentatively to trade to $1572.50, ahead of minor resistance gathering around […]
Gold Analysis
Spot gold prices are trading in negative territory Friday, after prices finally gave way to the downside during the previous session. Previous critical support, observed around the $1592 area, gave way ahead of yesterday’s U.S. opening, and sell stops quickly sent gold prices tumbling to around $1565 a troy ounce.
Crude Oil Analysis
August Nymex WTI prices are in modest positive territory Friday, after yesterday’s steep declines saw WTI plunge to eight month lows. August WTI ended Thursday’s session down $3.25, or 4%, at $78.20 a barrel, posting the lowest close seen since Oct 4.
Bonds Analysis
German government bonds are higher Thursday but off their best levels following well received Spain bond auction results, which prompted further tightening in Spanish and Italian yield spreads.
Gold Analysis
Spot gold prices remain in negative territory Thursday with the market spending the majority of the morning ranging around and below the $1600 level.
Gold Analysis
Spot gold prices are trading modestly lower Thursday with prices consolidating a little after the wild swings observed after yesterday’s FOMC announcement.
Crude Oil Analysis
August Nymex WTI prices are trading in negative territory Thursday extending their sharp declines from the previous session. WTI prices remain pressured by an unexpected rise in crude inventories last week and the Federal Reserve’s announcement of an extension of operation twist.
Bonds Analysis
German government bonds are lower Wednesday, amid compression in EMU peripheral spreads following market talk that ESM funds will be used to buy peripheral debt in the secondary market.
Gold Analysis
Spot gold prices remain in negative territory Wednesday, as market participants await the results of the U.S. Federal Reserve’s two-day policy meeting.
Gold Analysis
Spot gold prices are trading moderately higher Wednesday ahead of the conclusion of a two-day policy meeting by the Federal Open Market Committee (FOMC) due to be posted at 1630GMT later today.
Bonds Analysis
German Bunds are trading lower Tuesday, although off the lows, having been unable to hold on to early session gains. The September Bund contract traded to an early session high at 142.95, helped by ongoing concerns for the Spanish banking sector, as press reports suggested the audit report on banks will not be released until […]