Commodities

Iron ore hits record-low as demand drops

By the end of 2022, the price of iron ore is expected to hit their lowest level in three or four years as global demand for the commodity continues to slow down, particularly from China, the world's largest consumer of...
Gold technical analysis shows possible upside

Gold’s 2-week rebound spoiled by NFP data

Gold experienced some notable gains in the 2 weeks leading up to the release of the Non Farm Payrolls (NFP) data. However, this trend appears to have been spoiled with a sharp decline in gold at the end of last...
nfp

Pound and gold head lower before NFP data

July’s NFP report, which will be released this Friday, September 2, is forecast to deliver 300K jobs. Will the NFP beat forecasts once more? And if it does, how will investors and traders react, now that they must fold this...
BHP

BHP Group to explore new territory of $53 per share?

This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to...
Gold technical analysis shows possible upside

Relief pumps still in play for XAU/USD

On the weekly chart, we can see that Gold has made a four-week push from lows of $1,680/oz to its current trading price close to $1,790/oz. However, sentiment may be slightly bearish for Gold at the moment with many indicators...
nfp

How did the market react after July’s Non-Farm Payrolls?

The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were...
recession

Why isn’t the US officially in a recession?

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on...

Is it time to go long on gold?

london

Energy and oil companies rally on London stock exchange

So far in 2022, energy companies have exhibited some of the best performances among London-listed stocks. Energy companies dominated both the FTSE 100 and 350 indices as of July 11, with stocks such as Drax Group (LON: DRX), Centrica (LON:...
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