Divergence Persists Between US and Euro Area Economies
The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8%...
Gold Sinks As US Jobs Surge Higher
Gold Falls on MondayGold prices are seeing decent selling interest across early European trading on Monday. The move comes amidst an uptick in USD on the back of a bumper set of US jobs figures last...
Gold and USD/CAD: Potential Price Rise Ahead
Last week, Gold formed a gap and broke the local downtrend (points 1, 2, and 3). Hence, the price of this asset might potentially get back to the broken downtrend and then rebound forward. In this...
Oil Prices Fall Despite Rising Middle East Tensions
Crude Continues LowerOil prices remain under pressure as we start the new week. Crude futures are in the red on Monday, extending losses from last week as the market continues to depreciate. The sell...
Gold Higher Ahead of US Jobs Data
USD Lower Ahead of NFPAhead of the latest US jobs data due today, the US Dollar has turned lower. The move comes despite the Fed this week pushing back against near-term rate-cut calls. The sell-off...
January US NFP Beats Estimates, Markets Dial Back Dovish Bets Further
Gold prices took a nosedive following the release of January's Nonfarm Payrolls (NFP) data by the United States Bureau of Labor Statistics. The report revealed a staggering 353K new hires,...
Crude Futures Fall As OPEC Holds Steady
Crude Correction DeepensFollowing a move above the December highs last week, oil prices have turned sharply lower this week with crude futures now down around 7% from YTD highs. The sell-off comes as...
Bitcoin Analysis: Potential Price Rise Ahead
The price of Bitcoin is heading up. However, the asset will have to face resistance at two levels: 45500 and 49000. The asset’s price might potentially rebound from these levels and drop. Yet it would...
Middle East Tensions Fuelling Oil Rally
Oil Tanker Attacked in Red SeaCrude prices are in the spotlight as we start the new week following reports over the weekend of fresh violence in the Middle East. Despite the recent US and UK...
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