Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Following the weaker-than-expected employment report last Friday, the demand for the greenback is likely to wane as Asian markets digest this latest data point from the US labour market and thus potentially provide a lift to gold prices.
Next 24 Hours Bias
Weak Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
After declining over the last couple of weeks, crude oil prices rose on Monday as fears of further rate hikes by the Federal Reserve begin to diminish. The prospect of tighter production supplies could provide support for prices as the new trading week kicks off. WTI oil opened around $80.60 per barrel this morning and is attempting to climb above the $81-mark.
Next 24 Hours Bias
Weak Bullish