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The FXGT Blog
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Commodities
10 June 2024
Weekly Market Recap – S&P 500 and NASDAQ 100 reach new record highs
U.S. stock indexes recovered from recent losses, ending the week higher with the NASDAQ 100 and S&P 500 hitting new record highs.
3 June 2024
Oil Prices Hold Steady as OPEC+ Extends Production Cuts into Next Year
Oil prices remained steady after OPEC+ decided to extend all production cuts into next year while outlining a gradual phase-out plan for some reductions. This move aims t...
3 June 2024
Weekly Market Recap – Major Indexes Post Monthly Gains
Major indexes ended the week lower but concluded May with strong gains. Over the week, the S&P 500 declined by 0.35%, the Nasdaq 100 fell 1.4%, and the Dow lost 0.8%. Des...
28 May 2024
Crude Oil Prices Rise Amid Stronger Demand Expectations and Geopolitical Tensions
U.S. crude futures increased on Tuesday, boosted by expectations of stronger fuel demand as Memorial Day weekend marked the start of the summer driving season. West Texas...
28 May 2024
Correction Brings Gold to Key Support as Market Awaits US Inflation Data
After having reached an all-time high last Monday, gold prices declined by more than 4%, now hovering around $2,350. Despite this decline, the daily trend remains strongl...
CFD Trading
Beginner
24 May 2024
What Are Commodities: The Role in Global Markets
Learn about the role of commodities in global markets and how to invest in different types of commodities. Stay updated with future trends.
21 May 2024
Oil Prices Weaken Despite Geopolitical Risks, OPEC+ Meeting in Focus
The market has spent the last two weeks in a sideways range, finding resistance at $80 and support at $77. Oil prices retested the $80 level during yesterday's session bu...
20 May 2024
Gold Surges to Record Highs Amid Fed Rate Cut Hopes and Escalating Geopolitical Tensions
Gold prices surged on Monday, hitting a record high near $2,450 during the European session. The rise was driven by renewed hopes for interest rate cuts from the US Feder...
14 May 2024
Gold's Bullish Momentum Faces Test with Upcoming US Inflation Data
Gold has climbed 2.60% since the start of May and 13% since the beginning of the year, continuing its rally above key moving averages across various timeframes. However, ...
9 May 2024
WTI Climbs Above $79 Following Inventory Decline
West Texas Intermediate crude oil prices rebounded above $79 per barrel on Thursday, following a significant decrease in U.S. crude inventories. Oil prices have faced sig...
26 April 2024
Oil Prices Recover on U.S. Treasury Outlook and Middle East Tensions
Oil prices are poised to close the week on a positive note, marking a reversal from two consecutive weeks of declines. This uptick is driven by encouraging remarks from U...
23 April 2024
Oil Traders Cautious as Geopolitical Landscape Remains Unpredictable
Geopolitical Tensions: Oil markets are currently steady, with prices hovering around $83 a barrel, as traders wait for any new developments that could escalate geopolitic...
22 April 2024
Weekly Market Recap - Hawkish Fed Remarks & Increased Geopolitical Tensions Drive US Stocks Downward
The S&P 500 had its worst week in over a year, falling below 5,000 points due to strong economic data and hawkish Federal Reserve remarks, leading to revised expectations...
18 April 2024
Oil Prices Decline as Middle East Tensions Ease
U.S. crude futures extended their losses, hitting a three-week low influenced by traders discounting the immediate risks of a broader conflict in the Middle East and a le...
15 April 2024
The week ahead – All Eyes on Inflation data from the UK, Canada, Japan & New Zealand
Middle East Conflict: Continued conflict between Israel and Iran following Saturday’s escalation will likely affect global market sentiments, keeping traders vigilant on ...
15 April 2024
Weekly Market Recap - U.S. Stocks adjust to the reality of persistent inflation
U.S. stocks experienced their second consecutive week of declines, as the market adjusted to the reality of persistent inflation. As a result, the Dow Jones Industrial Av...