CANADA MAY CPI +2.9% YOY VS FORECAST +2.6%, PRIOR 2.7%

MNI: Bowman Warns Of Fed Divergence With Other Central Banks

MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

MNI China Daily Summary: Tuesday, June 25

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: Lithuania Synd; UK Auction Wednesday

MNI: US CONF BOARD CONSUMER CONFIDENCE 100.4 IN JUN V MAY 101.3

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Gold Trend Needle Points North

OUTLOOK
  • On the commodity front, Gold conditions remain bullish for now and this week’s recovery signals the end of the recent correction. Last week’s print above $1985.3, the May 24 high, reinforces a bull theme. A stronger resumption of gains would pave the way for a climb towards $1998.1,61.8% retracement of the May 4 - Jun 29 bear leg. The yellow metal remains above support at the 50-day EMA, which intersects at $1951.2. This average represents an important short-term level.
  • In the oil space, the uptrend in WTI futures remains intact and this week’s climb confirmed a resumption of the bull cycle. The break above $77.15, the Jul 13 high signals scope for an extension towards the next key resistance at $81.44, the high on Apr 12 / 13. Moving average studies are in a bull-mode position, reinforcing current positive conditions. Key short-term support has been defined at $73.78, the Jul 17 low. Initial support is at $75.16, the 20-day EMA.
Metals Technical AnalysisMetals bulletEM BulletFixed Income BulletsHomepagemarkets-real-timeCommoditiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
Metals Technical AnalysisMetals bulletEM BulletFixed Income BulletsHomepagemarkets-real-timeCommoditiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.