|Data di regolamento||2020-06-22|
|Min-Max giorno||35,88 - 38,18|
Incoraggiata dai segnali di ripresa del mercato, l’OPEC + sta valutando di estendere il taglio oltre Giugno.
Il prezzo del Petrolio è in rally, L’OPEC anticipa a domani il meeting previsto per il 9-10 giugno. Si proseguirà sui tagli attuali o verrà chiesta una revisione?
È probabile che la Russia costituisca l’ostacolo principale in qualsiasi estensione. Inoltre, è improbabile che concordino un’estensione che vada oltre i due mesi.
Gli investitori continuano a mostrare fiducia per i mercati europei, ma l’automotive è ancora congelato.
The Australian dollar has been going straight up in the air for quite some time, and as a result it is likely that we need to see a little bit of a pullback.
Brent crude oils return to a 40 dollar handle has so far proven to be short-lived. During the past week the oil market has moved higher in the belief that the OPEC Plus group of producers at their virtual meeting Thursday would extent a deal to curb production.
Now that traders are looking for yield again, gold has become an unattractive asset.
Gold is 1.1% lower this morning following better-than-expected U.S. economic data releases. Financial markets remain in risk-on mode.
The introduction of heat into the forecast is enough to attract some speculative buyers.
Encouraged by signs of recovery in the market, OPEC+ is considering extending the cut beyond June.
It’s a busy day ahead. Service sector PMIs put the EUR and Greenback in focus, with the BoC and Brexit putting the GBP and Loonie in the spotlight.
Crude oil markets continue to grind higher during the trading session on Tuesday, as we look likely to try to fill the gap above.
Gold markets continue to try to press to the upside,reaching towards the downtrend line which is part of the symmetrical triangle that has been a major feature.
Oil maintains its upside trend as traders await the OPEC+ meeting.
The British pound has rallied significantly during the trading session on Tuesday as we have broken above the ¥135 level.
Silver met resistance below $18.50 but stays above $18.00.
The direction of the July WTI crude oil futures contract is likely to be determined by trader reaction to the 50% level at $36.07.
Essentially, the current rally lacks the momentum to continue as bullish traders await the next catalyst to drive gold prices higher.
GBP/USD continued to push higher and trades a fresh one-month high in early trading on Tuesday as the dollar continues to tumble.
The Commitments of Traders report covering positions held and changes made by money managers in the week to May 26 found that speculators maintained strong buying interest in crude oil while selling was most noticeable in natural gas, gold and the three major crops.
Russia is likely to be the key obstacle in any extension. Furthermore, they are unlikely to agree to an extension which goes beyond two months.
With the RBA holdings policy unchanged, the focus returns to the key risk drivers. Continued unrest in the U.S and tensions between the U.S and China are in focus.