Stocks and crypto rebound even as Evergrande default looms over global markets
Stocks and crypto rebound even as Evergrande default looms over global markets | Fortune
Tag: Commodities
No need for OPEC to change course on output plan for now
The United Arab Emirates (UAE) Energy Minister Suhail Mohamed Al Mazrouei said on Tuesday, there is “no need for OPEC to change course on output plan for now.” “OPEC is … Read More
XAU/USD bears keep $1752 in sight ahead of Fed – Confluence Detector
Gold price is consolidating Monday’s rebound, as the bulls turn cautious heading into the two-day FOMC meeting that begins later this Tuesday. Expectations of Fed’s tapering plan remain alive and … Read More
Gold Futures: Further upside unlikely
Open interest in gold futures markets shrank for the second session in a row on Monday, this time by nearly 7K contracts, according to flash data from CME Group. Volume … Read More
XAU/USD rebound eyes $1,780 as Evergrande woes fade ahead of Fed
Gold (XAU/USD) picks up bids to refresh intraday high around $1,765, rising for the second consecutive day, during early Tuesday. The yellow metal dropped to the lowest since August 11 … Read More
WTI bulls firm-up in Asia following strong Evergrande sell-off
US oil was pressured in a risk-off start to the week. Evergrande sank the stock markets on a global scale. S Gulf output will stay offline for months due to storm … Read More
$21.65-60 will be a tough nut to crack for XAG/USD bears
Silver remains pressured around yearly low, steadies after three-day downtrend. Six-month-old descending trend line, horizontal area from September 2020 challenge bears. Oversold RSI conditions hint at corrective pullback towards latest … Read More