GBP/CAD week 49

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Crude Oil Climbs to 9 Month

High Following OPEC+ Production Agreement West Texas Intermediate (WTI) crude oil rose to the highest since the beginning of March on Friday, a day after the OPEC+ group decided on gradual production increases in the new year instead of a one-time rise of 2-million barrels per day that risked oversupplying a market still coping with…

COPPER price

The price of copper is believed to provide a reliable measure of economic health, as changes to copper prices can suggest global growth or an upcoming recession. With high volatility and strong liquidity, copper is attractive to traders. Copper spot price is affected by extraction and transportation costs, as well as supply and demand. Use…

OIL Price Correction Coming?

While UK Brent oil when up +0,78%, the DXY (Us dollar index) went down -0,57% for last Friday Feb. 5th. Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. Friday afternoon, Brent was still up over 1% on the…

XAG/USD week 3

Silver has been trading above $25 an ounce on Tuesday, after falling 2.5% in the previous two sessions, supported by prospects of further US stimulus despite uncertainty over the size and timing of the new package. Meanwhile, investors also await Fed’s monetary policy decision on Wednesday and expect it to reinforce its commitment to a…

UKO/USD week 2

Brent crude prices were down 34 cents, or 0.6%, at $56.24 a barrel by 1512 GMT. Prices rose as far as $57.42 a barrel earlier in the session, the highest since Feb. 24. The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020. U.S. West Texas…

GBP/CAD week 49

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