Who Has the Power to Push Gold? Bears or Bulls?
The spot price of gold (GLD, quote) remain basically flat in the pre-market session as it continues to trade near its 2 ½ week high.
futures
Brent Steady Despite US Inventory Expectations
Brent crude oil (BNO, quote) was steady near $108 on Tuesday despite expectations that US inventories reached a new record high last week.
Ahead of the Open
As we begin the first full week of trading for May one has to wonder if the old saying will hold true…”Sell and Go Away In May”.
Brent Poised To Post Largest Weekly Loss In Four
Brent crude oil (BNO, quote) looked poised to end the week with its largest weekly decline in four months.
Yesterday’s price action confirming weakness in oil
If any further evidence were needed of the bearish sentiment towards oil, yesterday’s price action confirmed this weakness once more, as the commodity attempted to rise in early trading, before selling off sharply later in the oil trading session, with the June WTI futures contract closing at 101.28 per barrel, having hit an intra day high of $102.20 per barrel.
WTI crude oil futures now preparing to break below $100 per barrel
Whilst commodities such as nickel and coffee have been offering longer term investors excellent returns this year, and with soybeans set to join the party with some good rollover returns, crude oil has promised much but delivered little.
Tough times for EUR/USD forex traders
It’s been a tough couple of weeks for eurodollar traders, with the pair trading in a congested range, testing the 1.3780 floor to the downside and the 1.3870 ceiling to the upside on the daily chart.
Pharmaceutical Sector is On Fire
U.S. futures are suggesting a positive opening this morning. Today is the first day this week in which all global markets open after the Easter holiday. U.S. markets have found its footing last week after U.S. economic data showed signs of improving with the S&P putting its for 5 day winning streak since October.
Crude Oil Playbook
WTI Crude Oil (USO, quote) prices moved slightly higher during overnight trading in Asia. Volume remains light as we approach the U.S. first trading of the week with New Zealand and Australia closed for holiday.
Brent Higher As Diplomacy In Ukraine Looking Less Likely
Brent crude oil (BNO, quote) ticked up on Thursday morning as rising tension in Ukraine increased worries about supply interruptions. The commodity traded at $109.72 at 8:25 GMT as peace talks in Geneva began to look less and less worthwhile.