Gold (XAU)
Key news events today
FOMC Member Waller Speaks (5:00 pm GMT)
FOMC Member Kashkari Speaks (7:00 pm GMT)
What can we expect from Gold today?
Federal Reserve Governor Christopher Waller and Federal Reserve Bank of Minneapolis President Neel Kashkari are due to speak at their respective events where they could continue with the ‘more neutral’ rhetoric for the US dollar, following in the footsteps of Federal Reserve Governor Philip Jefferson. The greenback could come under pressure once more during the US session which could provide additional lift for this precious metal during the US session.
Next 24 Hours Bias
Medium Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Crude oil prices spiked on Monday as geo-political risks in the Middle East escalated over the weekend. WTI oil touched the $86 per barrel mark before pulling back yesterday. It managed to remain above $84.00 and has now climbed above $85 this morning – crude prices are expected to remain elevated today as well.
Next 24 Hours Bias
Medium Bullish