Crude oil started to consolidate - What markets to watch this week? [Video]

Eliman Dambell Sayvio AI

Join me each week as I analyse the 3 markets most affected by current fundamentals to see if there is the potential for any opportunities or moves.

These sessions provide an in depth overview, not advise on how you should trade.

Gold

After $30 drop in less than 24 hours, can there be further drops to take place?

SP500

After reaching further record highs, are there more in store, or are we awaiting what went up to come back down?

Crude Oil

After a $2 rise on the news that Aramco was to IPO, crude started to consolidate, could this break the current cycle?"

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Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.