The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
Tag - wti - west texas intermediate
As the risk-on mood stays in the market pushing the AUD to beat new local highs, the USD goes down, gold - sideways, and the oil price - up.
The market sentiment is mixed as Donald Trump didn't impose direct sanctions on China and protests continue in the USA.
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
Oil prices have been climbing up for a long time. What have stopped them?
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
The market sentiment is risk on today. It’s based on recovery dynamics and potential drug developments. Nevertheless, tensions between the USA and China remain in focus.
The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Why did S&P 500 fall down? Should you buy oil and gold now? And what is the market sentiment today? All answers you’ll get in this video.
WTI trades right below the resistance of $33. What will its nearest step be?
The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.