Today’s Gold Analysis Overview: The overall Gold Trend: Undergoing a relative bearish correction. Today’s Gold Support Levels: $3272 – $3240 – $3200 per ounce. Today’s…
USD’s pace of decline somewhat moderated overnight, in response to better-than-expected US data – ISM manufacturing, prices paid, JOLTS job openings. DXY was last at…
Silver (XAG/USD) drops for a third straight day, tracking profit-taking as geopolitical risk premium eases. US President Donald Trump signals two-week window before deciding on…
Pound Sterling trades higher even as UK Retail Sales decline sharply in May The Pound Sterling (GBP) trades firmly against its major peers on Friday…
US crude oil inventories recorded a surprisingly sharp decline of 11.5 million barrels last week, Commerzbank’s commodity analyst Carsten Fritsch notes. WTI price is catching…
Bullish Entry Points: Potential Buy: When the price approaches 0.0250 – 0.0253, with technical confirmations of a rebound appearing. Continued Buying: After strong reversal signals…
Retail Sales in the US fell more than expected in May. The USD Index stays in a tight daily range near 98.00. Retail Sales in…
Israel attacks Iran overnight, targeting nuclear officials and military sites. Trump pushes Iran to make a nuclear deal, but negotiations are likely over. Oil prices…
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); oversold conditions suggest any decline may be limited to a retest of…
The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank’s commodity analyst Carsten Fritsch notes. US shale Oil production is…