TAG: Geopolitical Risk
Gold Technical: At risk of mean reversion corrective decline after 19% gain
Commitments of Traders aggregate net bullish open positions of large speculators in the Gold futures market have flashed a bearish contrarian condition. The recent rally in Gold (XAU/USD) has been primarily driven by an increase in geopolitical risk pre...
6 months ago
Market Insights Podcast – Pause in oil rally, UK and Japan inflation, China Q1 GDP are the focus for this week
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, the possible scenarios on the trajectory oil prices after its 13% rally seen in the past month amid geopolitical tensions in Middle East...
6 months ago
Gold Technical: Is the bull run over after its worst daily decline in 2 years?
This is a follow-up analysis of our prior report, “Gold Technical: At risk of mean reversion corrective decline after 19% gain” published on 15 April 2024. Click here for a recap. The price actions of Gold (XAU/USD) have shaped the mean reversion decline...
5 months ago
Trump Courts Crypto Fans Amid Bitcoin’s Battle to Break $70k Barrier
Bitcoin’s price approached the $70,000 psychological mark but faced rejection. Open interest in Bitcoin futures’ has reached a new all-time high, suggesting that investor demand for the world’s largest cryptocurrency is increasing. Factors influencing Bi...
2 months ago
RBI rate cut prospects for October dim on rising Middle East tension
The escalating tension in the Middle East, following Iran’s missile attack on Israel, can disrupt oil supply. No wonder, oil prices spiked after the news of Iran’s military operation broke out. There is fear that the regional conflict may snowball into a...
2 weeks ago