Market Analysis

Investor interest for oil has rebounded

GOLD
Gold is approaching the end of the week showing little volatility. After a spike yesterday to $1,745, the price retraced to $1,730 and investors are still posing themselves the same question: is the huge liquidity injected in the system by central banks enough to trigger further rallies of the precious metal. At the same time investors are trying to assess how serious inflation risks are and whether the Fed’s tapering will be effective. The answer to these questions will probably write the way for gold in the next few months, even if we already noticed that when the price is falls below $1,700 buyers seems quite active.

Carlo Alberto De Casa – Chief analyst, ActivTrades

 

OIL
Investor interest for oil has rebounded in the last few hours, following the news the blockage of the Suez Canal may not have an early resolution. This comes after some days of decline on growing fears for the consequences of the third wave of Coronavirus. The positive opening of European stocks this morning and a moderate risk on scenario is helping further boost Oil, although there is still some short-term bearish pressure after the long rally of the last few months.

Carlo Alberto De Casa – Chief analyst, ActivTrades

 

The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.

All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of futures performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.