|Day's Range||1,312.10 - 1,323.00|
(Reuters) - Canada's main stock index advanced on Tuesday, led by sharp gains in energy stocks as oil prices rose above $68 a barrel on OPEC supply cuts and expectations of lower U.S. inventories. At 9:38 a.m. ET (1338 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 97.58 points, or 0.61 percent, at 16,163.44. Of the 11 major TSX sectors, the energy sector's 1.8 percent climb was the steepest. U.S. crude prices were up 2.1 percent a barrel, while Brent crude added 1.3 percent. [O/R] The financials sector gained 0.5 percent, while the industrials sector rose 0.8 percent. ...
Based on the early trade, the direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the 50% level at 1.1313 and the downtrending Gann angle at 1.1305.
Based on last week’s close at $59.04 and price action, the direction of the May U.S. WTI crude oil futures contract this week is likely to be determined by trader reaction to the main 50% level at $59.63.
Based on last week’s close at $1318.70, the direction of the June Comex gold market this week is likely to be determined by trader reaction to the uptrending Gann angle at $1317.30 and the main Fibonacci level at $1325.90.
A better start to the day is on the cards if the futures are anything to go by. Sentiment could rapidly shift, however, should bond yields hit reverse.
Silver markets rallied a bit during the trading session on Monday, reaching towards the bottom of the uptrend line that had push this market so much higher previously. The question now is whether or not we can break above it?
The natural gas markets essentially did very little to kick off the week on Monday, gapping lower but then rising to fill that gap before simply stopping. It looks as if the natural gas markets are going to continue to bounce around in the same consolidation area that we have been in.
Gold markets continue to rally during the trading session on Monday, as we reach towards the bottom of the major uptrend line. Now that we are in this area, we have a lot of questions to ask.
The US dollar has gone back and forth during the trading session on Monday, testing the ¥110 level. This is an area that will of course attract a lot of attention due to the round figure and previous resistance.
Monday, March 25 — crypto markets have continued trading sideways, with Bitcoin (BTC) holding the $4,000 threshold at press time, according to data from CoinMarketCap. Most of the top 20 cryptocurrencies by market cap are in the red today, with Cardano (ADA) dropping by more than 4 percent to press time, while Tezos (XTZ) is up almost 5.7 percent over the past 24 hours to press time. Bitcoin has been stable over the day, seeing a slight decline of around 0.2 percent at press time.
Based on the earlier price action and the current price at 25471, the direction of the June E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 25422.
(Reuters) - Canada's main stock index extended losses on Monday from its sharpest decline this year in the previous session, as investors fled riskier assets on concerns over a softening global economy. At 9:59 a.m. ET (1359 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 50.65 points, or 0.31 percent, at 16,038.68. The energy sector posted the steepest drop of 1.2 percent as U.S. crude prices were down 0.5 percent a barrel, while Brent crude lost 0.2 percent. ...
Canada's main stock index extended losses on Monday from its sharpest decline this year in the previous session, as investors fled riskier assets on concerns over a softening global economy. * At 9:59 ...
Dovish cues from US Wall Street and a decline in Asian & European equities on concerns of economic slowdown boosts precious metals but weigh crude oil price in the broad market.
Based on the early price action and the current price at $1324.70, the direction of the June Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the main 50% level at $1321.00.
The former Soviet republic of Georgia, which occupies picturesque mountain valleys and rugged ridges of the Southern Caucasus, has roughly the same population as the state of Connecticut. It is renowned as the birthplace of Joseph Stalin, as well as for being one of the oldest wine regions in the world, its rich and eclectic cuisine, and, more recently, for hosting the world’s third-largest cryptocurrency mining operation. Additionally, an estimated 5% of the nation’s households are engaged in mining crypto or invested in it.
Gold and silver opened the week with gains amid risk aversion. Fear of US recession and deteriorating US Treasury yields are hurting market sentiment.