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Oil and Metals
Black and Yellow Gold
By Deepta Bolaky @DeeptaGOMarkets Commodities markets were on sell-off mode on Friday. The black and yellow gold was sent to the downside dragged by the disappointing Purchasing Managers Index data. Gold - XAUUSD The Chart shows that Gold price pulled back as from last Wednesday on a broad-based US dollar strength and retreated from its 2019 hig...
Read MoreWTI in Bear Mode
By Deepta Bolaky @DeeptaGOMarkets Deteriorating demand and rising global output are the main factors that sent the WTI Crude into a bear market territory. There is a shift of sentiment in the oil markets. The US sanctions have been the primary influence behind the rally in oil prices, and now that fears have eased, fundamentals took over, ...
Read MoreOil – Can Basic Economics Be Responsible For An 11% Decline?
On the back of what has been a pretty punishing month for Oil, now trading below $70 a barrel for WTI crude, we’re going to take a look at Oil, the fundamental drivers behind the price swings and what the future could hold for the Oil markets. For the sake of clarity, this article will be looking exclusively at WTI Crude. So what drove the clos...
Read MoreGold Making Waves – Where Will Price Settle?
Creating New Monthly Highs Yesterday gold reached a three-month high of $1,239.68 which, as we head into the final quarter of 2018, is once again stirring up price speculation and talk of a change in directional bias. While the fundamental aspects appear to be related to hiccups in global stock markets, we'll focus on the technicals for clues as t...
Read MoreTop 5 Silver Exporters In The World
In the last article, I wrote about the top 5 gold exporters in the world. Now it is time to look at the top 5 exporters of another one of worlds precious metals – silver. Last year the total sales from global silver exports reached $19.5 billion. The top 5 exporters made up around 49% of the worldwide silver exports in 2017. So let’s ta...
Read MoreTop 5 Gold Exporters In The World
Last year the total sales of gold exports reached $310 billion mark. The top 5 countries made up a large portion of the total gold exports last year with shipments accounting to more than $177 billion, which was 57.30% of the world total. In 2011 we saw the price of gold reach record highs at over $1,900. Since then we have seen the price...
Read MoreMarket Health: Dr Copper Will See You Now
What is the Gold-to-copper ratio and why is it important? And more importantly, what could it be telling us? The Gold-To-Copper Ratio Health Check Copper is often referred to as a barometer for economic growth and gold has historically been the safe-haven, a risk-off asset of choice for investors, so naturally comparing the two a...
Read MoreTop 5 Oil Exporters In The World
There has been quite a lot of talk about oil in the news recently with some analysts suggesting the price could reach $100 per barrel, which would be the highest since 2014. Whether that will happen, that is another story. In this article, we take a look at world’s largest crude oil exporters. Saudi Arabia Saudi Arabia is the world’s largest c...
Read MoreGlobal Oil Sentiment May Assist The Loonie
The US Dollar has been crushing it this week against many of the major currency pairs with most of the market chatter surrounding additional rate hikes from the Fed. We'll look at the USDCAD, also referred to as the "Loonie," a pairing that has survived the recent onslaught thanks to its ties to global oil prices and the bullish sentiment surroundi...
Read MoreLacklustre Gold Weighing Heavy On Markets
Free-falling gold prices The latest weekly chart for gold does not look favourable for the precious metal. Below we can see that in twelve of the past sixteen weeks, gold prices have ended down and is one of the worst runs for the metal in decades. What is surprising is that the demand for gold continues to fall despite an increasingly volatile ...
Read MoreSnapshot – AUDNZD, EURUSD, USOIL
AUDNZD - Point & Figure Chart AUDNZD - As we approach the upcoming policy meetings this week, the expectations for both central banks (RBA and the RBNZ) is to keep their respective interest rates on hold. The only difference is that the New Zealand camp appears to be more dovish concerning fiscal policy going forward. We could also mention th...
Read MoreSnapshot – NZDCAD, EURUSD, USOIL
NZDCAD - Daily To begin with, let’s take a look at the NZDCAD. Admittedly not the liveliest minor pair but in this instance, I think it is worth a mention. On the daily time frame, we can see the price is hovering around the critical support zone of 0.8850, an area that has been tested three times already this year but has failed to mount any ...
Read MoreOil on the Rise
Oil on the Rise After reaching its lowest price for 15 years back in January, we have seen the oil prices rising in the recent months since June. The price recently reached a two-year high following a partial closure of the Keystone pipeline connecting Canada-US oilfields. With more upcoming meetings and geopolitical tensions rising in the Middle E...
Read MoreOil continued its rise
Upcoming News » 10:30pm Employment Change - CAD » 10:30pm Trade Balance - CAD » 10:30pm Unemployment Rate - CAD » 10:30pm Average Hourly Earnings - USD » 10:30pm Non-Farm Employment Change - USD » 10:30pm Unemployment Rate - USD The BOE delivered on market expectations overnight with a rate cut to historic lows of .25%. Even though ...
Read MoreIs the rally in the commodities markets going to continue?
After being under a tremendous amount of pressure over the five past years, commodities, represented by the Bloomberg Commodity Index, finally started to show signs of relief when they rallied by some 11% (measured from close to close) over the past three months. (more…)...
Read MoreCrude Oil Opportunities Analysed in 7 Charts
It was only one month ago when oil was the most hated commodity in the market. Analysts were pessimistic and forecasts for oil with a $10 handle were circulating in the financial media. However, against all odds, oil suddenly managed to hold losses and surprisingly recovered by some 53% from a 12-year low in February. Given this sudden and strong c...
Read MoreWhy Trade or Invest in Physical Precious Metals?
From geopolitical unrest to trigger happy central bankers cranking up the printing presses (quantitative easing), it’s apparent why market participants turn towards the natural safe haven qualities of physical precious metals when the chips are down. While metals such as Gold and Silver are currently valued decidedly south of the heady highs in 2...
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