ORBEX: Gold & Oil Sensitive to Trade Deal Text!
Gold’s recent muted performance has been owed to missing trade deal details!
With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell.
Oil’s decline, however, has been owed to inventories build! Will the EIA save the day? Or are we going to see trade details taking charge of this market too?
Timestamps
XAUUSD 4H 02:20
WTI 4H 05:00
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell.
Oil’s decline, however, has been owed to inventories build! Will the EIA save the day? Or are we going to see trade details taking charge of this market too?
Timestamps
XAUUSD 4H 02:20
WTI 4H 05:00
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
