LATEST ARTICLES

Vantage FX Market Outlook for 27th Nov 2020

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#Risk sentiment. The risk-on sentiment was mixed on Friday morning as investors took caution after this week’s rally in the global equity market. The rally in the commodity market also came to a halt. Political clarity has also driven risk assets this month, as President-elect Joe Biden continues his transition to power. President Donald Trump said he’ll relinquish power...

Bullion Counter May Continue To Trade With Bearish Bias And Extend Bearish

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Gold prices steadied on Friday as investors took stock of doubts raised over the efficacy of an inexpensive coronavirus vaccine, but the precious metal was set for a third week of declines. Spot gold was little changed at $1,810.75 per ounce. U.S. gold futures rose 0.2% to $1,809.80 per ounce. Gold was down over 3% for the week as...

Crude Slides From Nine Month High

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WTI Crude oil futures fell from near nine month high on profit selling. US equities were shut for Thanksgiving Day and European markets ended on flat note. Overall trend remained choppy as US Covid-19 cases continued to soar. Oil had soared after the owners of the Greek company Agrari tanker said that it was attacked by an unknown source...

Copper Stays Around Six Year High

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COMEX Copper stayed well supported amid weak US dollar even as economic cues were lax and equities saw thin movement. COMEX Copper hit six year high and currently trades up 0.12% at $3.36 per pound. German consumer sentiment dampened due to the partial lockdown, survey results from the market research group GfK showed Thursday. The forward-looking consumer sentiment index...

Euro zone M3 Expands 10.5% On Year In October

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Euro zone monetary aggregate M3 expanded 10.5 percent on a yearly basis in October, slightly faster than the 10.4 percent rise posted in September, data released by the European Central Bank showed Thursday. At the same time, the annual rise in narrow measure, M1, remained unchanged at 13.8 percent in October. As regards the dynamics of credit, data showed...

Vantage FX Market Outlook for 26th Nov 2020

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#Risk sentiment. Risk-on sentiment continued the rally with Asian stocks trading higher. Asian shares saw modest gains and European equity futures were steady. The market is still cheered up by the positive developments in the vaccine front, more political clarity and the continuing stimulus from the central bank. The latest FOMC minutes showed that the officials didn't see a...

Signs Of Bargain Buying In Gold

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COMEX Gold futures yet again fell near four and half month low under $1800 per ounce before edging up a little. Traders eyed firm movement in the Crude oil prices and a continued lax outlook on the US monetary front. The minutes of the latest US Federal Reserve Monetary Policy meeting were announced yesterday. Participants noted that the COVID-19...

US Crude Inventories Slip By 800000 Barrels

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The US Energy Information Administration reported a crude oil inventory draw of 800,000 barrels for the week to November 20. A week earlier, the EIA estimated a crude oil stock draw of 800,000 barrels as well.In gasoline, the EIA reported an inventory increase of 2.2 million barrels for the week to November 20, compared with a build of 2.6...

Copper Tests Six Year High

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COMEX Copper defied the weakness in equities to test around six year high. The red metal extended break above $3.30 per pound and currently trades at $3.33 per pound, up 0.66% on the day.DOW flipped back yesterday as market turned lower after hitting all time highs. Continued surge in US Covid-19 cases weighed on the sentiments. Copper rather focused...

Dollar On Defensive Amid Weak U.S. Data, Increase In Risk Appetite

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U.S. financial markets are closed later on Thursday for the Thanksgiving holiday.The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about corona virus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets. The dollar’s fall has been so rapid that it could rebound in the short term,...