Commodities Week Ahead: U.S. Jobs Numbers Next For Oil, Gold After Debt Deal
Trepidation over debt ceiling deal continues ahead of Congress passage Oil, gold focused on U.S. May job numbers for clues on Fed’s June 14 decision Meanwhile, market...
Trepidation over debt ceiling deal continues ahead of Congress passage Oil, gold focused on U.S. May job numbers for clues on Fed’s June 14 decision Meanwhile, market...
The warning signs continue to mount. Yet the US economy continues to defy expectations in some quarters that a recession is near. Granted, it’s arguably a precarious expansion...
As Oil Plunges, OPEC Bans Mainstream Media Groups From Vienna Meeting Update (1400ET): The Financial Times reports that OPEC has barred several media groups from attending its...
Market reports of divergent views from Russia and Saudi Arabia on oil supply requirements weighed on sentiment yesterday.
Rice closed lower after another sharp rally in July. New crop months were a little lower as the weather is good for crop development.
Treasury yields are lower along with crude oil even as the debt ceiling deal moved out of Committee and is set for a full vote.
From the technical point of view, the medium-term trend on the currency pair USD/JPY is bullish. The price is forming a flat corridor on the levels of moving averages.
WTI crude prices once again broke below the $70/bbl mark. This time, it closed below that level for the first time in nearly a month.
WTI crude futures declined nearly 2.5%, dropping below $67 a barrel, resulting in a monthly loss of almost 11% for May.
The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections. No...