Orbex

ORBEX: Risk Sentiment Up On Trade Negotiations Impasse

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
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 US, gold could move a tad higher. But technicals see the upside limited to a correction.

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice