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Gold traders are eagerly awaiting the outcome of the US presidential election on November 3rd.
What will happen to gold if Trump wins? And what would happen if Democrat Joe Biden came to the White House?
Markets and economies around the world continue to suffer from the spread of the coronavirus with statistics showing the extent of the negative impact in what is possibly
The US employment report for April will hit the markets at 12:30 GMT today and will reveal just how much economic damage the pandemic has inflicted on the American economy. This data is significant and is one of the key fundamentals for the Fed to determine the new course of monetary policy.
The latest drop in the Western Texas oil (WTI) in April has forced the Organisation of the Petroleum Exporters and its allies (OPEC+) to make a deal with several other countries including the United States and Russia, to start lowering production levels. The deal led by the allies and Russia agreed to cut output by 9.7m barrels a day in May and June, a record cut, in order to balance the mismatch between supply and demand.
The first quarter earning session will be very pivotal for investors. With not too many COVID-19 post economic data so far, the first direction will be the guidance of corporate executives which could be priceless. In a sense, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors.
The world’s biggest producer of crude found itself in an unusual situation in which its oil was less than worthless. Prices of the benchmark West Texas Intermediate (WTI) futures contracts crashed into negative territory for the first time in history.
Q1 of 2020 earnings season will be pivotal for investors. With very little COVID-19 economic data to refer to, guidance from corporate executives will be invaluable. While overall earnings and prospects will likely be gloomy, there might also be huge contrasts between sectors.
This will be a pivotal day for oil markets. The world’s largest oil producers will meet to discuss cutting their production to stabilise a devastated market due to collapsing demand. OPEC and Russia will sit down for talks on Thursday before the G20 energy ministers convene on Friday.
It’s a busy data week for the US. In addition to the non-farm payrolls report on Friday, the release of the latest ISM manufacturing and non-manufacturing PMIs is expected on Wednesday and Friday respectively.
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