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WTI moves back above $81.00 mark, renewed USD buying might cap any further gains
West Texas Intermediate (WTI) US crude Oil prices attract some dip-buying in the vicinity of mid-$80.00s, or a multi-day low touched during the Asian session on Monday, albeit lack bullish conviction.
Fxstreet
Jul 15, 2024
Industrial metals see demand wain in China – TDS
Base metals have held strong as stimulus optimism gets baked in, however there’s an increasing level of bearishness on the ground in China, TDS com Base metals see their longs liquidated “With the upcoming plenum in China gaining plenty of market focus, base metals have held strong as stimulus optimism gets baked in.Fxstreet
Jul 12, 2024
Oil torn between inflation slowdown and Houston reopening
Oil prices are being torn in half, with several bearish and bullish elements in the balance. Although Oil started the week on the back foot, it is possibly on track to minimize the incurred losses for this week and might even be flat overall by Friday’s close.Fxstreet
Jul 12, 2024
Gold price pulls back from multi-week top, downside potential seems limited
Gold price (XAU/USD) rallied to the $2,424-2,425 area on Thursday, or its highest level since May 22 in reaction to another tame US inflation report, which boosted expectations that the Federal Reserve (Fed) will cut interest rates in September.Fxstreet
Jul 12, 2024
