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The yellow metal gold is consolidating within a narrow trading range if 1,953 – 1,926 level. Investors are looking for a fundamental reason to trigger a breakout that can happen on either side – checkout a quick video analysis forecast.
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Commodity Market: US Crude Oil hits a one-week high on sharper-than-expected drop in US oil stocks, improved risk sentiment Futures on US West Texas Intermediate Crude Oil hit a fresh one-week high on Thursday after a sharper-than-expected drop in US crude oil inventories and as output in the Gulf of Mexico remains obstructed following recent […]
Natural gas trading outlook: futures steady ahead of EIA data Natural gas was little changed on Thursday as investors awaited the Energy Information Administrations weekly stockpiles report, expected to show a much larger than average build.Natural gas for delivery in June traded at $2.937 per […]
WTI Crude Extends Rally as Technicals Point to Upside Key Moments
WTI trades around $98.20, advancing for a second straight session during Asian hours on Friday.
Price remains above the nine-day EMA at $97.06 and the 50-day EMA at $91.12, reinforcing a bullish technical bias.
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Bond Investors Keep Shorts as Duration Risk Stays Pressured Key Moments
Active benchmark funds have been maintaining short duration positions while boosting exposure to mortgage-backed securities and investment grade credit.
Bank of America reports that short positions remain profitable […]
Qualcomm shares gain for a third straight session on Thursday, company to generate $1 billion in sales outside core business According to an announcement by Qualcomm Incorporated (QCOM) on Thursday, the company expects to generate over $1 billion in sales outside its main business during the current fiscal year. These areas include sales of semiconductor chips […]
EUR/USD edged higher on ongoing US budget deadlock The euro was edging higher against the US dollar on Monday, as the partial government shutdown in the United States entered its second week and this put pressure on the greenback.EUR/USD reached a session high at 1.3575 at 6:03 GMT, after […]