ORBEX: Gold, Oil: Affected by Trump, BoJo, Powell!
In today's #marketinsights video recording I analyse #wti #oil and #gold
Gold and Oil affected by (what moves gold up, weakens oil):
- Tradewar tensions after Trump imposed visa restrictions to Chinese officials
- A worsening growth outlook for global economies
- Potential early election in the UK as hopes of Oct resolution fade away
- Fed's short-term bond purchase expansion to credit banks (not QE)
Oil also affected by:
- Poor API but was offset by Equador disruptions
- Tradewar anxiety ahead f Thursday talk resumption
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Gold and Oil affected by (what moves gold up, weakens oil):
- Tradewar tensions after Trump imposed visa restrictions to Chinese officials
- A worsening growth outlook for global economies
- Potential early election in the UK as hopes of Oct resolution fade away
- Fed's short-term bond purchase expansion to credit banks (not QE)
Oil also affected by:
- Poor API but was offset by Equador disruptions
- Tradewar anxiety ahead f Thursday talk resumption
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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