Tag - wti - west texas intermediate

The ECB confirmed they are not planning to change the course of the EUR: all aboard!

While the GBP is struggling through Brexit worries, the EUR is taking over the USD.

Oil prices are steadily growing as crude stockpiles have been declining for six weeks.

The session goes relatively quiet, with the USD going mostly steady - time to re-group. The oil price crossed $43, gold is approaching tactical support levels.

The consolidation that started on Wednesday is continuing so most currency pairs with the USD are going flat.

The USD is weak against most riskier assets today; gold is at $2,000, WTI oil at $42.5. Watch the video for more levels.

The market sentiment is indeed risk-on today! Gold has approached to the key resistance at $2 050 and the S&P 500 is eyeing all-time high at 3 390.

The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.

Thanks to the deterioration of the Sino-American relations, the JPY, the USD, and gold are rising while the rest go down.

According to analysts from Citigroup, crude oil prices will never reach $100 a barrel again. They claimed that the idea to reach such a high level “has far more fantasy than reality at its heart”. It’s a really severe statement. What are the reasons?

The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!

Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.