USD/JPY moves up to 106.05 to start European morning trade This comes as Treasury yields are at the highs for the day, with 10-year yields up 4.5 bps to 1.421% and 30-year yields up 5.5 bps to 2.289%. This is putting some downward pressure on the yen and will be a key spot to watch
Month: March 2021
The meeting (via remote videoconference) of OPEC and non-Opec (i.e. OPEC+) is on March 4. The background to the meeting is a strong rise in pieces to pre-pandemic levels (oil is up again today) The US is recovering some output from the big freeze OPEC+ has constrained supply as vaccine rollout accelerates round the globe
Gold edged higher on Monday, recovering from an eight-month low touched in the previous session, as a weaker lifted bullion’s appeal. FUNDAMENTALS Spot gold rose 0.3% to $1,739.31 per ounce by 0108 GMT, after hitting its lowest since June at $1,716.85 on Friday. U.S. gold futures gained 0.4% to $1,736.10. The dollar slipped from a
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb
Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares were down as much as 4% in extended trading on Thursday after the enterprise-software company issued earnings that exceeded analysts’ estimates, but Salesforce came up short
Gold Price Analysis: XAU/USD corrrects to the 50% mean reversion target Gold prices have corrected a significant portion of the latest bearish impulse. Failures at this resistance could lead to a fresh downside impulse. As per the prior analysis for the open on Monday, The Chart of the Week: Gold correcting towards critical resistance from