Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty

WTI futures attempt to break above crucial trendline  But their advances are constantly held down  Momentum indicators suggest a cautiously positive tone WTI oil futures (February delivery) have been on the retreat since their October peak of 89.85, breaking below consecutive support zones. Although the price has been trying to recover some ground in the last few sessions, the downward […]

As expected, the ECB kept rates unchanged and did not provide new guidance. At the press conference, President Lagarde said that she stands by her earlier comments that rate cuts could come in the summer. We continue to expect the first cut in June, followed by two more 25bp cuts later this year, but acknowledge […]

The Australian dollar is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of thE pattern, suggesting a greater chance that this could be a bullish triangle rather than a deeper corrective move that would take us back to […]