May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
December 11 2021 🕓 3 min
Silver falls to two-month lows amid rising yields, strong USD
Today's main event is the US CPI report. How will silver react?
December 6 2021 🕓 3 min
XAU/USD statistical and technical analysis
If we see a global decline in the financial markets, gold could also fall in the first phase, as investors start to run for cash. Later, the price could rebound and rise. The current price of XAU/USD - Gold Spot US Dollar is 1 784 (December 05, 2021). Let’s now look at statistical and technical analyzes.
November 29 2021 🕓 3 min
XPT/USD statistical and technical analysis
Recent fundamentals of supply and demand for platinum give us a negative view of this commodity as demand has declined globally and supply levels have risen. The current price of XPT/USD – Platinum Spot US Dollar is 953.68 (November 27, 2021). Let us therefore now turn to statistical and technical analyzes.
November 29 2021 🕓 3 min
Oil trying to erase Friday’s huge losses
Volatility in the markets continues to be elevated and oil is trying to bounce back after Friday's massacre.
November 22 2021 🕓 3 min
Gold falls to previous highs; bulls must reappear to defend the uptrend
An impressive battle between bulls and bears is expected in the 1,830 USD area.
November 18 2021 🕓 3 min
XPD/USD statistical and technical analysis
Palladium is currently heading for a level of resistance after rebounding from an important support zone. The price of XPD/USD - Palladium Spot US Dollar is 2 156 (November 17, 2021). Will the market clear part of the nearly 40% decline? Let us now look at statistical and technical analyzes.
November 13 2021 🕓 2 min
Gold settles above 1,850 USD
The metal corrected some of its gains today, but the medium-term ascending trend remains intact.
November 12 2021 🕓 2 min
Can gold and silver aim for new ATHs?
This week has probably been one of the crucial weeks for the two primary commodities. What happened, and how did it affect gold and silver?
November 8 2021 🕓 3 min
Crude Oil (WTI) statistical and technical analysis
The current price of Crude Oil (WTI) is 82.40 (November 08, 2021). The first reaction of the WTI price after the Joint Ministerial Monitoring Committee (JMMC) supported the decision of OPEC to ease cuts by 400 thousand in December was a decline. However, the price is again above 80 USD. Let us, therefore, look at statistical and technical analyzes.
November 1 2021 🕓 3 min
XAG/USD statistical and technical analysis
Rising inflation around the world could motivate bulls in precious metals. However, if global stock markets fall, we may also see a correlated decline in metals. The current price of XAG/USD - Silver Spot US Dollar is 23.85 (October 29, 2021). So let’s move on to statistical and technical analyzes.
October 29 2021 🕓 3 min
Gold remains below long-term uptrend line
Gold failed to capitalize on the weaker dollar and remains below 1,800 USD. Is the short-term bullish momentum over?
October 25 2021 🕓 3 min
XCU/USD statistical and technical analysis
The change in inventory by LME warehouses is still negative after almost a month. The negative correlation of this indicator thus confirms the positive momentum of the price for the last month. The current price of XCU/USD - Copper Spot US Dollar is 4.526 (October 22, 2021). Therefore, we will now look at statistical and technical analyzes.