Fundamental analytics

Next week investors will closely follow the publication of ECB, Fed and RBA protocols.

XAUUSD

By the end of the Asian session gold has slightly decreased amid reports that the United States extended the temporary license for Huawei until April 1.

WTI

Oil resumed its downward movement due to negative news from China and increasing US oil reserves.  

XAUUSD

Gold prices rose on Thursday after China announced a sharp increase in the number of deaths and new confirmed cases of coronavirus.

WTI

Oil prices have risen on Wednesday as China reported the lowest daily number of new cases of coronavirus since January 24.

XAUUSD

Gold is declining slightly amid the rise of major stock indices. 

WTI

The oil has been growing in price today. Since the beginning of the day, the price of WTI and Brent has grown by more than 1%. 

USD/ZAR

Analysis method - “Trend Potential”  

XAUUSD

On Tuesday, gold prices are in the red zone (-0.5%) due to rising global stock indices. 

WTI

Oil continues to decline due to rising fears associated with an excess supply of raw materials on the market.