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Keeping my eye on WTI..
WTI was on my personal radar this week on account of the OPEC Joint Ministerial Committee Meeting as well as the US Energy Information Adminstration (EIA) report.EIA eventually reported that crude oil inventories fell by 1.6mio barrels to 512.5 mio barrels for the week ending 14 August 2020.Fresh ou
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Looking for more $$$ this week!
A good close to the week. And just in the nick of time - as it was reported today that Japan's Second Quarter GDP is the sharpest contraction on record and worst than expected (Expectation was 7.5%). This is also the third consecutive quarter of GDP contraction for Japan.
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My day that was..
It was indeed a roller coaster ride for the yellow metal yesterday – it was observed to move $65 in almost 60 minutes – a few hours before Fed Chairman’s Jeremy Powell’s speech. However, as the USD gained steam post Powell speech, it exerted downside pressure on gold which marked the heaviest losses
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What will this week hold?
Always good to close the week in 'green'. But, the question is: how would WTI fare this week? That remains to be seen and am keeping a watchful eye out so I do not get carried away on last week's high without paying attention to this week's movements. That is, after all the trader's game - constant
