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About: davin

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West Texas Intermediate futures recover to approximately $70.44, aiming for stability amidst Russia-Ukraine peace efforts.

Oil prices stabilize above $70 as Russia-Ukraine talks progress. OPEC decisions and inventory reports influence market trends.

The week will feature various economic releases, with inflation trends and consumer confidence under scrutiny.

Key inflation data from Australia, Japan, and the US; economic indicators include consumer confidence, GDP, and durable goods.

The AUD/USD pair is projected to fluctuate between 0.6355 and 0.6400, according to UOB Group.

AUD is expected to trade between 0.6355 and 0.6400, with potential growth toward 0.6455 if support holds.

Currently, gold consolidates near record highs, awaiting catalysts as it trends upwards amidst stability.

Gold consolidates near highs; market awaits catalysts. Real yields decline, Fed stance key. Key reports ahead.

On Friday, cocoa prices dropped over 7.6%, settling just above GBP7,300/t, according to analysts.

Cocoa prices fell 7.6% to £7,300, the lowest since November, raising concerns about demand destruction.

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