Tag Archives: #commodities

Xag/usd hovers around $16.40 mark, bias remains neutral XAG/USD is currently trading around $16.42 marks. It made intraday high at $16.46 and low at $16.37 levels. Intraday bias remains neutral for the moment. A daily close above $16.48 will test key resistances at $16.58, $16.75, $16.96, $17.08, $17.22, $17.40 and …

Gold trades higher on weak US Dollar, good to buy on dips Gold is consolidating after hitting high of $1327 yesterday. The yellow metal jump was supported by increasing safe haven demand due to imposition of tariffs by Donald Trump. US dollar has declined sharply almost more than 100 pips …

Copper holds support at 110-ema, break below to see extension of weakness Copper is extending downside for 2nd successive week, has broken support at 100-DMA at 3.1536. The pair is currently consolidating break below 100-DMA, we see successive doji formation on daily candles. Downside finds strong support at 110-EMA at …

Oil Market Sentiment Sours Amid Global Financial Turmoi     Friday, March 2, 2018 Oil prices fell sharply at the close of the week, as the EIA reported a larger-than-expected build in crude oil inventories, while gasoline stocks also rose. Meanwhile, the surprise announcement that the Trump administration was planning harsh tariffs on imported …

Silver remains well supported below $16.50 mark, consistent close above requires for upside rally XAG/USD is currently trading around $16.41 marks. It made intraday high at $16.45 and low at $16.39 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.48 mark. A daily close …

Gold takes support near 100- day ma, good to buy on dips Gold has shown a minor recovery after ten days of continuous selling. The yellow metal slight was supported by slight weakness in US dollar and jump in Volatility index. US dollar has declined sharply almost 80 pips till …

New Zealand bonds end tad lower in muted trading session ahead of gdt price auction early next week New Zealand government bonds ended Friday’s session on a tad lower note amid a muted trading day that witnessed little data of major economic significance. Also, investors are awaiting the country’s GlobalDairyTrade …

Asia roundup: antipodeans off multi-week lows, Dollar index declines as Trump plans steel, aluminium tariffs, investors eye UK PM may’s speech – Friday, March 2nd, 2018 Source: FXWire Media Round Ups

Bitcoin near-month futures form hammer pattern, minor trend spikes above 7-dma with bullish crossovers despite anti-crypto commentaries Bitcoin futures price on CME (BTC1!) for near month deliveries has formed hammer pattern candlestick at $8585 levels, ever since then the underlying price has been rising constantly above 7DMAs (Refer weekly plotting. …

Brazilian economy grows in 2017, outlook for economy remains positive for 2018 and 2019 The Brazilian economy managed to record a growth rate of 1 percent for the whole of 2017, following a growth rate of 2.1 percent year-on-year in the fourth quarter. Even if the growth rate is not …