Crude Oil, WTI, Brent, Fitch, US Treasury, EIA, API, RBOB, Backwardation, OVX – Talking PointsCrude oil headwinds mount despite favourable inventory dataA switch may have been flicked in the underlying structure of the WTI futures marketIf…
Gold, Retail Trader Positioning, Technical Analysis – IGCS UpdateGold prices dipped as US longer-term Treasury yields roseRetail traders have responded by becoming more bullishThis is a warning sign that further losses may be ahead…
Japanese Yen (USD/JPY, EUR/JPY) AnalysisThe yen claws back some losses after BoJ minutes and clarity from Deputy Governor Uchida on the intention of recent yield curve adjustmentUSD/JPY heads lower after BoJ meeting and US credit…
JULY NONFARM PAYROLLS REPORTThe U.S. Bureau of Labor Statistics will release the July employment survey on FridayThe U.S. economy is expected to have added 200,000 jobs last month, following a gain of 209,000 jobs in June.The strength of…
GOLD PRICES FORECAST:Gold prices retreat for a second consecutive day amid rising yields after better-than-expected U.S. economic dataTraders should focus on the ISM services PMI and the U.S. labor market report in the coming daysThis…