Canadian Dollar, Crude Oil Forecast: Will USD/CAD, WTI Fall as Long Bets Rise? 2021-01-27 03:00:00 Daniel Dubrovsky, Strategist
Canadian Dollar, USD/CAD, Crude Oil, Technical Analysis, Retail Trader Positioning - Talking Points
Technical signals, however, warn that USD/CAD could bounce
WTI may be stalling under February 2020 highs, watch support
In this week’s webinar on IG Client Sentiment (IGCS), I covered the outlook for the Canadian Dollar and crude oil. IGCS is usually a contrarian indicator. For a more in-depth analysis of where these assets may go, along with overviews of the Dow Jones and Australian Dollar, check out the recording of the session above.
Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears
2021-01-22 06:00:00
Daniel Dubrovsky,
Strategist
Gold, XAU/USD, Crude Oil, Hong Kong, EIA Report, Technical Analysis - Talking Points:
US Dollar may pressure these two into the weekend
XAU/USD eyes rising support, WTI to the Feb high
Anti-fiat gold and growth-linked crude oil prices traded relatively flat on Thursday as equities performed mixed during the Wall Street session. However, heading into the remaining 24 hours, XAU/USD and WTI are facing cautious selling pressure which could persist into the weekend.
Futures tracking the Dow Jones and S&P 500 are aiming lower before European and North American trading hours. This is pushing up the haven-linked US Dollar, subsequently pressuring commodity and precious metal prices.
Gold Price Outlook at Risk to Biden Stimulus Push, Crude Oil Eyeing OPEC Report 2021-01-14 06:00:00 Daniel Dubrovsky, Strategist
Gold, XAU/USD, Crude Oil, OPEC Report, Biden Stimulus Package - Talking Points:
XAU/USD at risk to reports Joe Biden eying USD 2 trillion stimulus relief
WTI eyeing OPEC monthly report after some concern about oversupply
Anti-fiat gold prices slightly weakened over the past 24 hours as the US Dollar climbed. Falling longer-dated Treasury yields helped keep losses in the anti-fiat yellow metal from deepening following a 30-year government bond auction. Growth-linked crude oil prices pulled back cautiously. This followed commentary from OPEC Secretary General Mohammad Sanusi Barkindo, who said that oil stocks are ‘stubbornly high’.
Crude Oil Gains, Gold Sinks on Fiscal Stimulus Hopes Despite Capitol Hill Unrest 2021-01-07 07:00:00 Daniel Dubrovsky, Strategist
Crude Oil, Gold, XAU/USD, Capitol Hill, Georgia Senate Runoffs - Talking Points:
Crude oil prices rallied alongside equities despite temporary Capitol Hill lockdown
Gold prices weakened amid a strong performance in longer-dated Treasury yields
Georgia Senate runoffs have opened the door to more fiscal stimulus in near-term
Growth-linked crude oil prices rallied over the past 24 hours, climbing alongside equities despite a temporary lockdown on Capitol Hill that disrupted the certification of the US presidential election. The Dow Jones Industrial Averaged wrapped up Wednesday with a 1.44% gain, though trimming some of its progress as civil unrest erupted in Washington D.C.
Gold, Crude Oil Prices Climb as US Dollar Sinks. Eyes on Senate Stimulus Talks 2020-12-30 06:00:00 Daniel Dubrovsky, Strategist
Gold, XAU/USD, Crude Oil, US Stimulus, US Dollar, Technical Analysis - Talking Points:
US Dollar weakness during APAC trade boosts XAU/USD & WTI
Eyes on larger US stimulus checks debate, Covid vaccination rates Advertisement
Gold prices rallied during Wednesday’s Asia Pacific trading session, capitalizing on fairly aggressive selling pressure in the US Dollar. Growth-linked crude oil also followed higher, tracking cautious optimism in S&P 500 and Dow Jones futures in fairly thin trading conditions ahead of the New Year’s holiday. The latter opens the door to a more volatile trading environment in the near-term.