【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
As per the prior analysis, WTI bears are lurking in what could be a peak formation on the charts, the oil price has taken on resistance and is now at a critical juncture as the bulls flex their muscles. WTI is sandwiched between $73.90 on the backside of a longer-term bearish trend and the backside of a micro counter trend as the following illustrates.
Natural gas triggers a daily bullish reversal following the completion of a 78.6% Fibonacci retracement. It advanced above Friday’s high of 2.17 and is on track to close above that high for Monday.
It can be observed that, Gold prices remained steady on Monday after a significant drop of more than 2% in the last session. This can be attributed to the cautious approach of investors ahead of the upcoming US inflation data due this week.
European stock markets edged lower Tuesday, as investors digested soft Chinese trade data ahead of the latest U.S. inflation report and the Bank of England’s policy-setting meeting.
Dividend stocks offer investors the opportunity to diversify their portfolio whilst earning regular income, which can either be kept as cash or reinvested. The UK’s benchmark index, the FTSE 100, is comprised of the 100 largest companies listed on the London Stock Exchange (LSE) by market capitalisation, many of which are generous dividend payers.
A positive lead from Wall Street on Friday night saw the ASX 200 add a quick-fire 72 points (1%) to a high of 7292.4 this morning - the majority of which it is holding onto with just under an hour of trading left in the session.
WCG Markets:2023-05-11
During the Asian session on Wednesday (May 10), spot gold was slightly down, and is currently trading around $2028.44 per ounce. The Fed's "No. 3", New York Fed President Williams said "inflation remains high and it is too early to judge the end of interest rate hikes; and I don't see any reason to cut rates this year", which provides support to the dollar and makes gold bulls wary.
On Tuesday, as investors sought a safe-haven amid economic uncertainty and awaited the release of U.S. CPI data. Spot gold stood at the 2030 mark during the U.S. session and rose to an intraday high of $2037.70, eventually closing up 0.67% at $2034.52 per ounce. Spot silver hovered around $25.50 and eventually closed up 0.19% at $25.60 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The collapse of Silicon Valley Bank and Signature Bank in early 2023 led many people to doubt the safety of their money in big banks. Although measures have been taken to strengthen the banking system since then, the possibility of another financial collapse cannot be ruled out completely. So, how can you protect your money if big banks collapse? Let's dive in and explore some smart money tips and moves that you can make!
Top 5 things to watch in markets in the week ahead
In the Asian session on Tuesday (May 9), spot gold rose slightly. At present, it is trading near 2026.40 dollars/ounce. Worries about the US debt default crisis provide safe haven support for gold prices.
Spot gold oscillated to the upside on Monday, rising to near the $2030 mark during the day, before falling back a bit and standing firmly above $2020, eventually closing up 0.2% at $2020.98 per ounce. Spot silver trend diverged from gold, closing down 0.46% at $25.55 per ounce.
WCG Markets:2023-05-09
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
This year, stocks had been steadily increasing with expectations that the Federal Reserve will soon cease raising interest rates. While this has the potential to combat inflation, it also has negative consequences for both economic activity and investment returns. Investors who are in the market for looking for the best stocks to buy in 2023 can expect some challenges. Unfortunately, until there is a significant policy change to boost the economy, turbulence is likely to continue into 2023.
In the year 2023, central banks have demonstrated an unprecedented level of interest in purchasing this precious metal due to mounting geopolitical instability and surging inflation rates. Specifically, during the first two months of the year, central banks collectively acquired a net total of 125 metric tonnes of gold, marking the highest amount purhased for the year-to-date period since banks began net buying in 2010.
Spot gold rebounded slightly during the Asian session on Monday (May 8) and is currently trading around $2021.92 per ounce. On the one hand, gold prices held the 2000 integer mark on Friday, and the influx of low buying supported gold prices; on the other hand, market concerns about the U.S. debt default crisis also provided safe-haven support to gold prices. However, gold prices last week in the history of the high near the resistance, the short term still need to beware of shock retracement ri