March 24 2023 🕓 3 min
Is copper on track for a massive rally?
Many significant investors expect copper prices to jump notably. What is this assumption currently based on?
Market Movers
March 24 2023
Nasdaq to offer crypto services in Q2
Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.
March 24 2023
The EU stock market in red due to banks
The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.
March 24 2023
Bitcoin reportedly entered a supercycle
Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.
March 23 2023 🕓 3 min
Natural gas lifted after EIA data – is gas dead?
The fresh EIA storage data lifted the price of natural gas, however nothing ground-breaking happened. Will we see a rise ever again?
March 22 2023 🕓 3 min
Oil is recovering before Fed’s rate announcement – will it hold?
The crudes outlook definitely seems positive for now. Will the sentiment turn after Fed announces it's decision?
March 21 2023 🕓 3 min
Gold respects $2,000 resistance for now – can it smash through?
Gold could pause its rally as investors now anticipate the Fed’s monetary policy meeting, which can go either way.
March 21 2023 🕓 3 min
Is Fed going to save everyone?
Safe havens gained as Fed is between two hard decisions. Fight the inflation which hurts the whole economy, or save the collapsing markets?
March 17 2023 🕓 3 min
Oil set for the most significant weekly decline in multiple months
A very bearish week for oil is set to end with further losses on Friday. Where can the black gold be heading after the weekend?
March 16 2023 🕓 3 min
Natural gas is rebounding slowly after a few days of losses
Natural gas may yet have the last word as it starts rebounding. Will newly increased US production status keep prices low?
March 15 2023 🕓 3 min
Coal production rises as China is re-opening mines
Coal minig is increasing in China. The Chinese government encourages the miners to produce more as it expects new demand after covid opening.
March 14 2023 🕓 3 min
Oil falls amid rising yields – US inflation is out
It looks like oil could return to the $70s as a large technical formation might signal further losses.
March 13 2023 🕓 3 min
Gold and silver work as safe havens while fear spreads all over
Safe havens such as gold and silver work in the time of bloodbath spreading all over markets. But tomorrow's US inflation can spark even more volatility.
March 10 2023 🕓 3 min
Oil spikes after hot US jobs data
Volatile oil trading was observed after this week’s headline US macro data.
March 9 2023 🕓 2 min
Gold is aiming for direction fueled by jobs data
Traders are fighting for direction as gold awaits crucial jobs data. NFP will shed some light to the future of hiikes.
March 8 2023 🕓 2 min
Silver might be in a good spot – if you look at the bright side
Powell's testimony may bring some good market opportunities. Silver might be one of them.