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Orbex
Oct 16, 2019 6:00 AM

ORBEX: Gold & Oil Slide on Earnings & IMF Reports 

GOLD / U.S. DOLLARICE

Description

In today's #marketinsights video recording I analyse #XAUUSD and #WTI Oil!

Gold Lower on:
- Brexit optimism despite running out of time
- Banks reporting good Q3 results, and equities rising
- US-Sino on a stalemate, allowing new-coming flows to take over

Crude Oil Lower on:
- IMF downgrading growth again, again
- Dismissed excitement surrounding limited trade deal
- Increasing demand for Natural Gas

Stavros Tousios
Head of Investment Research
Orbex

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