Other Markets
Gold Analysis
Spot gold prices have dropped to their lowest level seen in over four and a half months Wednesday, pressured by a weaker EUR as investors became nervous about the political upheavals in Greece that threaten to sink the country into chaos.
Gold Analysis
Spot gold prices have edged lower so far Tuesday, currently trading $1637 just above session lows. Prices have been in a narrow range during Asian traded hours, grinding off slowly from $1639 moving in tandem with a weaker euro.
Crude Oil Analysis
June Nymex WTI crude oil is currently trading modestly lower Tuesday at $97.68 a barrel down 26 cents on the session. Monday afternoon saw prices dip to $96.42 before recovering sharply up to a high of $98.18 amid an improving tone in equity markets.
Gold Analysis
Spot gold prices are trading near their lowest levels in over a week Friday, with the market currently pausing at $1634. Prices have now corrected back nearly 80% of the move seen from $1624.40 on the 25 April to the highs posted at $1671.60 on 1st May.
Crude Oil Analysis
June Nymex WTI crude oil is trading modestly higher at $102.66 up a fraction from yesterday’s close of $102.54 after prices fell away sharply yesterday afternoon. Oil prices tumbled more than 2%, the biggest one day percentage loss since Dec 14, amid expectation that moderate U.S. economic growth will continue to create jobs, which in […]
Bonds Analysis
German government bond markets are opening lower Thursday on profit-taking ahead of the ECB policy decision and ahead of heavy slew of supply from France & Spain for up to E10.0bln.
Gold Analysis
Spot gold prices are trading in negative territory Thursday, with the market currently trading $1647.40 down $6.10 on the session. Spot gold has edged it’s way lower for the majority of the Asian session, with the precious metal under pressure amid a strengthening USD buoyed by concerns of Europe’s debt crisis flaring up once again.
Crude Oil Analysis
June Nymex crude oil is holding steady above $105 a barrel Thursday, with the market currently seen trading $105.03 down 19 cents. Prices entered the Asian session coming off of a decline seen yesterday after data showed a rise in U.S. crude inventories for the sixth straight week, the highest level since 1990, with 2.84mln […]
Bonds Analysis
German government bonds are trading higher midday Wednesday having reversed earlier weakness following release of weaker than expected European PMI manufacturing data and unexpected rise in German unemployment.
Crude Oil Analysis
June Nymex crude oil is trading modestly lower Wednesday at $106.02, after posting a close on Tuesday at $106.16 the highest settlement seen since March 27. Prices have so far remained steady Wednesday, after some sharp gains were seen during U.S. trading hours yesterday after U.S. manufacturing growth in April registered its highest level in […]
Crude Oil Analysis
June Nymex crude oil is currently trading $104.71 on Tuesday, down 16 cents on the day so far, after prices posted a close of $104.87 for Monday’s session. Very little movement has been observed during Asian trading hours, with prices slipping back to a low of around $104.62 after being up at $104.90 early on.
Gold Analysis
Spot gold prices have edged their way higher to a two-week high Tuesday, underpinned by some weakness in the USD. Gold ended April in negative territory for the third consecutive month after after U.S. data showed some improvement in the U.S. economy and the Federal Reserve’s stance for additional monetary easing became less dovish.