|Data di regolamento||2020-08-27|
|Min-Max giorno||1.802,10 - 1.812,00|
Major global oil players led by oil juggernaut, Saudi Arabia had lately been pushing other oil-producing countries in increasing their production of crude oil from next month
An index tracking the performance of leading commodities reached a four-month high this week with the sector being supported by gains among industrial metals and grains, most noticeably wheat and copper. Gold meanwhile made a small but nevertheless very important move higher to the highest level since 2011 above $1800/oz. However, the index weakened ahead of the weekend as the market grew increasingly nervous about the surging coronavirus cases around the world
Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.
The rising COVID-19 count is making investors nervous, driving them into Treasurys, which is pushing yields lower, and gold higher.
Demand for risk will continue to set the tone. Risk sentiment will be lifted if scientists continue to make progress toward a coronavirus vaccine.
The next major move in the AUD/USD will be determined by how investors handle the two 50% levels at .6921 and .6889.
Demand and Supply in 2019 were records
Stock markets rallied during the week, with the S&P; 500 being no exception. We broke above the top of a couple of shooting stars which is a bullish sign.
Crude oil markets had a bouncy week, but at the end of the session on Friday it looks as if we have stabilized. That is a good sign.
S&P; 500 initially pulled back on Friday again, but then turned around to show signs of life again. This is a market that continues to show extreme resiliency.
Crude oil markets initially dipped on Friday but turned around to show signs of resiliency yet again. They have more of an upward bias than anything else.
Silver markets had an extraordinarily bullish week, finally break above the $19 level. I fully anticipate that we continue to go much higher.
Natural gas markets had a strong week, as we continue to see a recovery. Helped by a heat wave in the U.S. and a slew of bankruptcies on the supply side.
Gold markets broke above the $1800 level this week, which can only be thought of as a major victory for the buyers.
Silver markets have continued to hover at a major level, in the form of the $19 level during the trading session on Friday.
Gold markets struggled to follow through during the trading session on Friday after pulling back on Thursday.
British pound has had a very bullish week, as we continue to see a rally. Every time it looks as if it is going to fall, buyer step in to pick up yet again.
The Euro initially rally during the week, pulled back from the 200 week EMA, and then rallied again to close out a choppy week. This is normal for this pair.
Silver did not manage to get above $19.00 but maintains solid upside momentum.
The British pound initially fell a bit on Friday but continues to find support as we broke back above the 200 day EMA by the time New York got online.
The Australian dollar initially sold off on Friday but found buyers two show signs of resiliency yet again. We have a massive amount of resistance just above.
S&P; 500 futures are losing ground in premarket trading as traders worry about the worsening situation on the coronavirus front.
Gold bulls kept the yellow metal up on Friday as global investors turned their attention to safe-haven assets after a surge in daily COVID-19 cases in U.S.