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The Crude Chronicles - Episode 72

Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that WTI traders cut their long positions last week by 3972 contracts, taking the total position to 504612 contracts....

Silver Gains Momentum: Potential Breakout Ahead?

Good day,The price of the EURUSD has closely approached the 1.2000 level. Hence, the asset might potentially pull from psychological support and jump. Let’s wait and see what’s about to happen...

Market Extends Rally on Positive Headlines, SPX Eyes Breakout to New All-time Highs

US stocks climbed higher yesterday, with cyclicals leading the rally, gaining 1.95%. Defensive stocks which benefit from the times of risk aversion, added much less, 0.68%. The rally in the market...

Easing Expectations Reduced Ahead of BOE Meeting

Q4 Provoked BOE Easing ExpectationsOver the course of Q4 BOE easing expectations had begun increasing once again. With the return of nationwide lockdowns and the virus soaring to record levels, both...

Former ECB Head Draghi In Talks To Become Italian PM

Conte Govt Breaks DownFollowing an unsuccessful attempt at keeping Italian PM Giuseppe Conte's government majority alive, markets are now digesting the news that former ECB head Mario Draghi has been...

US Economy Enters Strong in 2021 Thanks to Investment Activity

US GDP growth in the fourth quarter of 2020 slowed down to 4.0% from 33% in 3Q. The economy has lost decent momentum due to tighter sanitary restrictions in the winter, but early signals indicate a...

AUD Falls As RBA Unexpectedly Doubles Bond Purchases

Extra $100 Billion AddedThe Australian Dollar has traded lower overnight and across the start of the European session today as the RBA took bulls by surprise. At the bank's February meeting, held...

Market Short-squeeze is Likely to Continue Keeping Broad Market Under Pressure

Asian and European stock indices rose on Monday, while silver surged nearly 10% (5-month high) as investors on social media and chatrooms have apparently set their choice on the precious metal for...

Precious Metals Monday 01-02-2021

Gold Gold prices continue to hold within the recent range which has framed price action over the last few weeks. Following the heavy sell off over the beginning of January in response to an uptick in...