Is oil reaching a peak while gold pushes higher?

Written by

Tina Teng

MARKET ANALYST

09 Feb 2022, 17:30

In this video, we look at oil prices sliding as US and Iran nuclear negotiations are back on the table.

As a result, the Canadian dollar fell against the US dollar, following the falling oil price.

Meanwhile, Gold is trying to push up above the potential key resistance.

Latest from CMC

Market update

Nasdaq breakout sees Nikkei push to new 33 year high

Earlier this week the Japanese TOPIX hit its highest level in 33 years. Earlier today the Nikkei 225 followed suit, after US markets closed strongly higher as expectations of a deal on the debt ceiling

19 May 2023

Market update

Nasdaq enters a bull market, Netflix jumps 9%

Market update

FTSE100 edges higher, as BT loses signal

Market update

Europe set to open higher after US markets gain on debt deal optimism

Company earnings

Grab Earnings Preview: Will Grab Finally Be Profitable In 2023?

Wondering about the profitability of Grab Holdings by Q4 2023? This article dives into the future prospects of Grab and highlights key factors for investors and traders.

16 May 2023

Stock watch

Alibaba earnings preview: time for a rebound?

The largest Chinese e-commerce giant, Alibaba (NYSE: BABA and HKEX: 9988), will report its Match quarter earnings before the US markets open on 18 May.

16 May 2023

Trading strategy

Trading in an economic downturn

In an economic downturn, the best investment destination that we could be looking at is those assets that may have a better chance to hold value, or what we can call “defensive assets”.

16 May 2023

Weekly outlook

APAC Week Ahead: Getting ready for risk-off?

US Retail Sales, RBA Meeting Minutes, AU Wage Growth & Unemployment Rate, NZ Annual Budget 2023, China’s Retail Sales, Canada’s CPI

14 May 2023