Month: August 2022

Politics and supply chains

Posted on by George Kessarios

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

And while we have been hearing for a while now that the Biden administration might reverse some of the trade policies imposed on China by the Trump administration, there is a new flareup in US-Chinese relations that might cause more supply disturbances in the future.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

And while we have been hearing for a while now that the Biden administration might reverse some of the trade policies imposed on China by the Trump administration, there is a new flareup in US-Chinese relations that might cause more supply disturbances in the future.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

While markets in the short term rarely respond to politics, nevertheless politics do affect markets and economies long term. Case in point being the recent visit to Taiwan by House Speaker Nancy Pelosi. For all the huffing and puffing from the Chinese leadership, markets took the visit with a yawn.

And while we have been hearing for a while now that the Biden administration might reverse some of the trade policies imposed on China by the Trump administration, there is a new flareup in US-Chinese relations that might cause more supply disturbances in the future.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

While markets in the short term rarely respond to politics, nevertheless politics do affect markets and economies long term. Case in point being the recent visit to Taiwan by House Speaker Nancy Pelosi. For all the huffing and puffing from the Chinese leadership, markets took the visit with a yawn.

And while we have been hearing for a while now that the Biden administration might reverse some of the trade policies imposed on China by the Trump administration, there is a new flareup in US-Chinese relations that might cause more supply disturbances in the future.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

While markets in the short term rarely respond to politics, nevertheless politics do affect markets and economies long term. Case in point being the recent visit to Taiwan by House Speaker Nancy Pelosi. For all the huffing and puffing from the Chinese leadership, markets took the visit with a yawn.

And while we have been hearing for a while now that the Biden administration might reverse some of the trade policies imposed on China by the Trump administration, there is a new flareup in US-Chinese relations that might cause more supply disturbances in the future.

The US is considering limiting shipments of US chipmaking equipment to memory chip producers in China. While the move is aimed at restricting Chinese technology advances that might threaten the dominance of the US, it might have unintended consequences.

Samsung and Hynix control about 50% of the global NAND flash production, with Samsung’s China production consisting 15% of global production. As such, any restrictions imposed by the US might make it more difficult to produce and source such memory chips, and at the very minimum prices will rise. Please note that these memory chips are used by almost every known high-tech company globally.

Also note that tariffs, export restrictions, and technology transfer restrictions, are by default inflationary. And you guessed it, central bank policies have no effect on such inflationary pressures, because they are not a product of central bank policies.

The bottom line is that while politics matter very little to markets in the short-term, long-term political decisions establish trends, disrupt industries and yes, can cause supply side problems. As such, it is worth keeping an eye on US-China relations for the long-term, but in the short-term political rumblings matter very little to markets.

WTI falls to below $90/b for the first time since before the Ukraine war

Posted on by Vrasidas Neofytou

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Both oil contracts have soared briefly to levels above $130/b in the week after the Russian invasion of Ukraine in early March, on worries over Russian oil sanctions, and tight supplies, at a time the OPEC+ alliance was unable to increase output beyond the agreed levels.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Both oil contracts have soared briefly to levels above $130/b in the week after the Russian invasion of Ukraine in early March, on worries over Russian oil sanctions, and tight supplies, at a time the OPEC+ alliance was unable to increase output beyond the agreed levels.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Crude oil prices have retreated sharply from their multi-year highs hit in early March, with Brent crude falling to as low as $93/b during Thursday’s session, while the US-based WTI contract broke below the $90/b level for the first time since before Russia’s February invasion of Ukraine, but still are nearly 40% up from a year ago.

Both oil contracts have soared briefly to levels above $130/b in the week after the Russian invasion of Ukraine in early March, on worries over Russian oil sanctions, and tight supplies, at a time the OPEC+ alliance was unable to increase output beyond the agreed levels.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Crude oil prices have retreated sharply from their multi-year highs hit in early March, with Brent crude falling to as low as $93/b during Thursday’s session, while the US-based WTI contract broke below the $90/b level for the first time since before Russia’s February invasion of Ukraine, but still are nearly 40% up from a year ago.

Both oil contracts have soared briefly to levels above $130/b in the week after the Russian invasion of Ukraine in early March, on worries over Russian oil sanctions, and tight supplies, at a time the OPEC+ alliance was unable to increase output beyond the agreed levels.

WTI crude contract, Daily chart

Energy investors have recently turned bearish on crude oil and offsetting worries about supply shortages, amid growing concerns over the impact of the deteriorating global economic growth outlook, the higher interest rates, and the 40-year record high inflation on the demand growth for petroleum products.

Petroleum consumption has dropped in China, the world’s most populous country and the largest crude oil consumer only after the United States, because of the “zero covid” policy by the Chinese administration to curb the fresh covid outbreaks in the country, while on the other side of the Atlantic, we have started seeing lower gasoline demand in the United States due to sky-high prices on the pump.

Finally, the OPEC group and allies including Russia, known as OPEC+, decided on Wednesday to raise its oil output goal by 100,000 barrels per day, but it was one of the smallest output hikes since such quotas were introduced in 1982, to address the energy supply crisis this winter, despite the pressure from USA to boost output further.

Bullish fundamentals might keep a floor under falling oil prices:

Several factors suggest that oil prices might be supported in the short-medium term given the record-low crude and gasoline inventories, the insufficient spare capacity, at a time the supply remains tight from both OPEC and other producers around the world, while the fuel demand will likely come back up again in case of a full reopening of China’s economy from its covid-led quarantines.

Hence, investors are afraid of an “energy winter” as the supply concerns are expected to increase closer to winter in the Northern Hemisphere, with the European Union sanctions banning seaborne imports of Russian crude and oil products set to take effect on Dec. 5, at a time Russia is halting gas supplies via Nord Stream 1 gas pipeline on retaliation for the Western sanctions.

Market participants have no recession playbook

Posted on by George Kessarios

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Several days ago, I said that if the US economy does go into recession, it will be the weirdest recession on record. First gross corporate margins are hovering at record territory and second, US companies have record cash balances.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Several days ago, I said that if the US economy does go into recession, it will be the weirdest recession on record. First gross corporate margins are hovering at record territory and second, US companies have record cash balances.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

As most economists and analysts expected, the US economy shrank in the most recent quarter. US GDP retracted by 0.9%, after shrinking an additional 1.6% in the first quarter on an annualized rate. And while the official definition of a recession was 2 quarters of negative GDP growth, this time things are different.

Several days ago, I said that if the US economy does go into recession, it will be the weirdest recession on record. First gross corporate margins are hovering at record territory and second, US companies have record cash balances.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

As most economists and analysts expected, the US economy shrank in the most recent quarter. US GDP retracted by 0.9%, after shrinking an additional 1.6% in the first quarter on an annualized rate. And while the official definition of a recession was 2 quarters of negative GDP growth, this time things are different.

Several days ago, I said that if the US economy does go into recession, it will be the weirdest recession on record. First gross corporate margins are hovering at record territory and second, US companies have record cash balances.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

As most economists and analysts expected, the US economy shrank in the most recent quarter. US GDP retracted by 0.9%, after shrinking an additional 1.6% in the first quarter on an annualized rate. And while the official definition of a recession was 2 quarters of negative GDP growth, this time things are different.

Several days ago, I said that if the US economy does go into recession, it will be the weirdest recession on record. First gross corporate margins are hovering at record territory and second, US companies have record cash balances.

Today we can add the unemployment rate to things being weird. Treasury Secretary Janet Yellen said that “When you are creating 400,000 jobs a month, that is not a recession. “A recession is broad-based weakness in the economy, we are not seeing that now”. She is not wrong.

Recessions are something you usually feel. You feel it when you hear people getting laid off, when people lose their homes, and when people stop going out to eat. We are not seeing these elements in the US economy.

In fact, there is such a thing as negative GDP growth with an economy doing just fine and unemployment being very low. Japan comes to mind, but also Germany. One of the reasons for negative GDP growth is also population decline. Please note about 40% of the world economy currently has negative population growth.

Yes, housing in the US is on the decline because of affordability and high mortgage rates, however this is something secondary at the moment, but worth keeping an eye on in the future.

The bottom line is that it is impossible to make a comparison of the two consecutive negative GDP prints with previous US recessions. In addition, it is also very difficult to navigate the current inflation narrative, that is different than anything we have experienced before., primarily because it is supply side driven and not the product of monetary policy.

One can agree or disagree if the US is currently in recession, but I think most will agree that the current investment landscape is very complicated and puzzling. Most important, market participants have no recession playbook, which only adds to uncertainty and investment risk.

Gold bounces to $1,780/oz on U.S.-China tensions and a weaker dollar

Posted on by Vrasidas Neofytou

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The price of the yellow metal hit an intraday high of $1,780/oz this morning, while the price of the other precious metal-Silver- also pushed higher, breaking above the $20/oz key resistance level for the first time since the end of June as the U.S-China tensions create safe-haven flows.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

The price of the yellow metal hit an intraday high of $1,780/oz this morning, while the price of the other precious metal-Silver- also pushed higher, breaking above the $20/oz key resistance level for the first time since the end of June as the U.S-China tensions create safe-haven flows.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold prices have gained more than $100, or nearly 6% since hitting an intraday low of $1,680 on July 21, receiving a significant boost to demand in recent sessions amid the weakness in the dollar and bond yields, the worsening economic conditions, coupled with the recent ramp up of the geopolitical risks due to the latest Sino American tension over Taiwan.

The price of the yellow metal hit an intraday high of $1,780/oz this morning, while the price of the other precious metal-Silver- also pushed higher, breaking above the $20/oz key resistance level for the first time since the end of June as the U.S-China tensions create safe-haven flows.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Gold prices have gained more than $100, or nearly 6% since hitting an intraday low of $1,680 on July 21, receiving a significant boost to demand in recent sessions amid the weakness in the dollar and bond yields, the worsening economic conditions, coupled with the recent ramp up of the geopolitical risks due to the latest Sino American tension over Taiwan.

The price of the yellow metal hit an intraday high of $1,780/oz this morning, while the price of the other precious metal-Silver- also pushed higher, breaking above the $20/oz key resistance level for the first time since the end of June as the U.S-China tensions create safe-haven flows.

Gold, 1-hour chart

The risk aversion sentiment which lifted the gold to weekly highs was triggered by the recent political tensions between China and USA ahead of a possible trip by U.S. House Speaker Nancy Pelosi to Taipei on Tuesday as part of her tour of Asia.

China has warned Pelosi over such a move, deteriorating the Sino-American relations, which are already at a low point due to China’s support of Russia in her war with Ukraine.

Investors moved away from risky assets and jumped into havens such as precious metals, bonds, and the Japanese Yen after U.S. officials warned that China’s response to the Pelosi visit could include a military action or other illegitimate legal claims.

The price support on gold is also coming from signs of weakening economic activity around the world, based on the disappointing manufacturing activity in the U.S, Eurozone, and China.

The deteriorating global economic growth outlook has hit hard growth-sensitive commodities, with the price of Copper falling to below $3,50lb, the Brent and WTI oil prices breaking below the $100/b key level, at a time industrial metals Iron Ore and Alumium plunging to yearly lows on lower economic activity.

Gold up on weaker dollar and yields:

Gold is benefiting from the recent weakness in the greenback and U.S. Treasury yields, which continue to slide towards their monthly lows, despite last week’s 75 bps rate hike by Federal Reserve for the second month in a row.

Investors sell the dollar and yields on the prospects that the weaker economic data and the persistent inflation could send the economy into a slowdown, which could prompt the Federal Reserve to slow the pace of interest rate increases, necessary to curb the 41-year record high inflation.

As a result, the DXY-U. S dollar index which measures its performance against a basket of six world currencies touched its lowest level of 105 since June, well below the multi-year high of 109,20 hit on July 14.

The benchmark 10-year Treasury yield fell to as low as 2.50%, its lowest since April, in early trade on Tuesday, with analysts expecting it to fall to near 2% soon.

Global markets edge higher after best month since 2020

Posted on by Vrasidas Neofytou

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

All U.S stock indices posted their best month of the year so far in July, hitting almost 2-month highs, with the tech-heavy Nasdaq Composite soaring by nearly 13%, S&P 500 adding 9,1%, while the industrial Dow Jones gained almost 7%.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

All U.S stock indices posted their best month of the year so far in July, hitting almost 2-month highs, with the tech-heavy Nasdaq Composite soaring by nearly 13%, S&P 500 adding 9,1%, while the industrial Dow Jones gained almost 7%.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Global stock markets have started the new month with some minor gains, following the market’s best month since 2020, driven by the optimism over the solid corporate earnings for the second quarter of the year together with the less hawkish Federal given the slowing economic growth.

All U.S stock indices posted their best month of the year so far in July, hitting almost 2-month highs, with the tech-heavy Nasdaq Composite soaring by nearly 13%, S&P 500 adding 9,1%, while the industrial Dow Jones gained almost 7%.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Global stock markets have started the new month with some minor gains, following the market’s best month since 2020, driven by the optimism over the solid corporate earnings for the second quarter of the year together with the less hawkish Federal given the slowing economic growth.

All U.S stock indices posted their best month of the year so far in July, hitting almost 2-month highs, with the tech-heavy Nasdaq Composite soaring by nearly 13%, S&P 500 adding 9,1%, while the industrial Dow Jones gained almost 7%.

Nasdaq Composite, Daily chart

Last week, the world’s largest central bank Federal Reserve hiked its benchmark interest rate by another 75 bps to a range of 2,25% to 2,50%, to curb the 41-year record-high inflation.

European markets extend slightly last Friday’s 1,5% profits, after Eurozone GDP- Gross Domestic Product grew surprisingly strongly in the Q2, 2022, easing-for the moment- recession or economic slowdown fears due to the Ukraine war, energy crisis, and record-high inflation.

Crude oil weakens on poor Chinese PMI data:

Brent oil prices kick off the new month on the left foot, losing 1% to below $103/b, while WTI oil hovers around the $97/b support level, following the lower-than-expected July’s Chinese Manufacturing Purchasing Managers Index (PMI), which came at 49 vs 50,4 forecasted, increasing the worries for declining fuel demand growth in the world’s largest petroleum consumer.

Brent and WTI oil contracts ended July with their second straight monthly losses for the first time since 2020, as surging inflation and higher interest rates raise fears of a recession that would erode fuel demand around the world.

Energy investors will have an eye on the well-expected OPEC+ output meeting, which is set to meet on Wednesday to discuss future supply, at a time when western countries have imposed sanctions on Russian oil exports, and fuel demand is at risk due to the zero-covid policy by the Chinese government.

Exclusive Change Capital Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the licence number CIF 330/17. Exclusive Capital Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

Exclusive Change Capital Ltd is incorporated under the laws of Cyprus, with registration no. HE 337858, regulated by CySEC under license no. 330/17 and has its registered address at Theodorou Potamianou 56, 4th Floor, Kato Polemidia, 4155, Limassol, Cyprus

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read our full Risk Disclosure.

The Company's official website of Exclusive Change Capital Ltd is www.exclusivecapital.com and we are not affiliated in any way with other domains or companies.

Restricted Regions: Exclusive Change Capital Ltd, does not provide services to citizens / residents of certain regions, such as Belarus, Belgium, Canada, Cuba, Iran, Iraq, Japan, North Korea, Latvia, Russian Federation, Sudan, Syria, Turkey, The United States and Ukraine.

ISO 27001:2022

The services are delivered under the controls established by information security management systems in conformity with ISO/IEC 27001:2022, and we are certified by MSECB.

Copyright ©️ 2017-2025 Exclusive Change Capital Ltd

facebook twitter linkedin instagram youtube