Category: Commodities
Brian Quintenz Reportedly Steps Down as Commission at CFTC
Although it seemed that the situation was becoming stable for crypto-verse in the United States, the US crypto-community has been hit with a huge blow….
UK Inflation Slows Down In July; GBP/EUR Rangebound
After UK inflation data for last month was released, the GBP/EUR is trading at a range bound around the $1.19 level in the afternoon session….
EUR/USD Keeps Declining In The American Session
The early American session shows that the EUR/USD is extending its decline, and as of this writing, it trades around the $1,1729 level, declining by…
Gold Prices: XAU/USD Consolidates Into Range In View of Powell’s Speech
The prices of precious metal (Gold) began consolidating over the night as US 10-year Treasury yields hit the bottom following a new milestone recorded by…
Crude Oil Prices Stabilize in spite of Covid-19
Despite concerns regarding the spread of the COVID-19 Delta variant and its effect on oil demand and price, crude oil prices remain steady as of…
Oil Steadies After The US Urges Producers To Hike Output
Crude oil has been falling ever since it reached a peak price of $78 three months ago. Today’s oil price action proves that buyers have…
Gold Is Still Bearish
After trading in losses for most of the trading sessions yesterday, gold’s price managed to recoup some of those losses during today’s Asian session. It…
Global Shares Flat Today
Prices of stocks were flat on Monday as declines in prices of gold and oil and the spread of the COVID-19 delta variant spook sentiment….
USD/CAD Up For Three Successive Days
The commodities markets’ fears are beginning to affect the West Texas Intermediate (WTI) crude oil as its price is declining. WTI Oil Moves Southwards As…
US Dollar Weak Despite High Expectations From Non-Farm Payrolls Report
Right now, the US dollar is weak on all trading sessions. It’s low compared to the competition because traders aren’t taking new entry positions as…
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