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.”
October 18 2021 🕓 3 min
XAU/USD statistical and technical analysis
After a positive development at the beginning of the week, almost all weekly gold gains were hammered down on Friday. However, it is still above an important level of support. The current price of XAU/USD - Gold Spot US Dollar is 1 767 (October 15, 2021). Let’s now look at statistical and technical analyzes.
October 13 2021 🕓 3 min
Silver soars 2% despite rising inflation & rate hike expectations
Silver rose sharply today against all odds and the outlook is starting to look a bit more optimistic.
October 9 2021 🕓 3 min
XPT/USD statistical and technical analysis
Platinum metal is mostly used in autocatalysts, jewellry, as well as for medical and industrial purposes. Rising inflation could also support its market price. The current price of XPT/USD – Platinum Spot US Dollar is 1 026.11 (October 08, 2021). Let us, therefore, now turn to statistical and technical analyzes.
October 2 2021 🕓 3 min
XPD/USD statistical and technical analysis
As there is a shortage of semiconductor around the world, car production is slowing and the price of metals used mainly in gasoline engine filters is weakening. The current price of XPD/USD - Palladium Spot US Dollar is 1 919 (October 01, 2021). However, it is currently traded in an important zone. Let’s turn to statistical and technical analyzes.
September 28 2021 🕓 3 min
Gold drops to six-week lows amid surging yields
Rising yields sent the bullion sharply lower, and the technical situation continues to look bearish.
September 26 2021 🕓 3 min
Crude Oil (WTI) statistical and technical analysis
The change in the number of crude oil barrels held in inventory has been falling for seven weeks in a row. The lack of supply also pushes the price higher. The current price of Crude Oil (WTI) is 73.98 (September 24, 2021). This commodity is currently aimed at testing this year’s highs. Let us therefore look at statistical and technical analyzes.
September 21 2021 🕓 3 min
Silver forms a bullish reversal pattern
Silver was beaten down notably, but are bulls getting ready for a comeback? We think so.
September 18 2021 🕓 3 min
XAU/USD statistical and technical analysis
Better than expected US retail sales data pushed the US dollar up. As a result, the price of precious metals has fallen. The current price of XAU/USD - Gold Spot US Dollar is 1 754 (September 18, 2021). This commodity is currently being traded again in an important area. Let’s now look at statistical and technical analyzes.
September 14 2021 🕓 3 min
Gold shoots above 1,800 USD after US inflation data
Today's inflation data sent the bullion sharply higher, but will the short-term bullish momentum last?
September 13 2021 🕓 3 min
XCU/USD statistical and technical analysis
The change in inventories in the London Metal Exchange (LME) warehouses is positive again after 3 weeks. If it further rises, the market price could continue its short-term decline. The current price of XCU/USD - Copper Spot US Dollar is 4.343 (September 13, 2021). Therefore, we will now look at statistical and technical analyzes.
September 4 2021 🕓 3 min
XAG/USD statistical and technical analysis
Yesterday’s Non-Farm Employment change disappointed market participants, causing major precious metals to move higher. The current price of XAG/USD - Silver Spot US Dollar is 24.69 (September 03, 2021). The price of a commodity is approaching an important level. We will therefore move on to statistical and technical analyzes.
September 3 2021 🕓 3 min
Silver awaits Non-farm payrolls around 24 USD
Today's data are of crucial important, how will silver react to them ?