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Gold’s recent muted performance has been owed to missing trade deal details! With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell. Oil’s decline, however, has been owed to inventories build! Will the EIA save...
In today’s marketinsights I talk about how the latest trade war and API developments affected the prices on gold and oil. Watch as I identify certain #elliottwave patterns that can’t go unmissed ahead of today’s FOMC minutes and EIA’s WTI report! XAUUSD is still expected to turn lower after the completion of this subminute correction, whereas US Oil, could...
In today’s #marketinsights video recording, I talk about #crude #oil and #gold. WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse. With the market's appetite shifting to rollbacks but not getting the response they want from the...
In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold! Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat! Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...