March 2021 – Page 56 – UAG Trade Asia

Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Jan 06 when Oil – US Crude traded near 5,008.80.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.

Gold Price Outlook: Gold Breakdown Plunges into Downtrend Support

The late-February breakdown may be losing some steam as the multi-week decline probes trend support. Here are the levels that matter on the XAU/USD technical charts.

March 4, 2021
Oil
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Oil futures climbed Thursday as traders awaited a decision from the Organization of the Petroleum Exporting Countries and its allies on whether to ease production curbs as they gauge the strength of the global economy. All eyes are on OPEC, as the group as known. Members must decide whether to stick with a plan that […]

March 4, 2021
Finance
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Gold futures made modest moves on Thursday, with bullion holding near its lowest in nearly nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding near their highest levels in a about a year. The precious metal is having a terrible year, down almost 10, and still looking very vulnerable, […]

March 4, 2021
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AMSTERDAM, March 4 Reuters Euro zone bond yields dipped on Thursday after a global bond selloff a day earlier that spooked markets, with focus on a speech from Federal Reserve Chairman Jerome Powell due later in the day. Bets that U.S. stimulus would boost inflation and growth pushed government bonds worldwide to their worst performance […]

March 4, 2021
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Londons FTSE 100 fell on Thursday, dragged by miners and bank stocks on concerns about rising bond yields and volatility in U.S. markets, while engineering company Meggitt fell after its annual profit halved due to the COVID19 pandemic. The bluechip FTSE 100 index slid 0.5, with mining stocks, including Rio Tinto, Anglo American, and BHP, […]

March 4, 2021
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EU competition enforcers on Thursday cleared a 20billioneuro 24 billion French scheme to help virushit companies via quasiequity loans and subordinated debt. The European Commission said the scheme consists of a state guarantee for private investment vehicles, funded by private investors, that will acquire participating loans distributed by commercial banks as well as subordinated bonds, […]

March 4, 2021
Finance
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European stocks fell on Thursday after three straight sessions of gains as a jump in U.S. bond yields knocked risk appetite globally, with heavyweight miners and travel stocks leading the retreat. The panEuropean STOXX 600 index fell 0.5 in early trading, with miners dropping 2.8 and travel leisure stocks down 1.6. UKlisted shares of Rio […]

March 4, 2021
Finance
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LONDON, March 4 Reuters Sterling held above 1.39 against the dollar on Thursday after British finance minister Rishi Sunak rolled out an expansive annual budget designed to prop up the economy. Sterling is the bestperforming G10 currency this year, with investors expecting Britains speedy vaccination programme will help the economy to recover from its worst […]

March 4, 2021
Finance
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OSLO Reuters Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional 2.9 billion noncash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second […]

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Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Jan 06 when Oil – US Crude traded near 5,008.80.

Gold Price Outlook: Gold Breakdown Plunges into Downtrend Support

Oil Edges Higher ahead of OPEC Decision on Production Curbs

Gold Hangs around 9Month Low as USD Heads for Weekly Climb

Euro Zone Bonds Calm Down as Markets Look to Powell

FTSE 100 Falls as High Yields, Inflation Worries Return to Fore

EU Approves 24B French Scheme to Help VirusHit Companies

Rising U.S. Yields Knock European Stocks, Miners Slump

Sterling Holds above 1.39 after Sunaks Generous Budget

Norways Seadrill writes down 2.9 billion on its oil rigs

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