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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    7 June 2024
    Oil prices rebound following OPEC+ reassurance, but set for weekly decline 

    Key points:  Brent crude futures rise to $79.89 per barrel; WTI crude futures reach $75.59.  Oil prices supported by reassurance from Saudi Arabia and Russia about potential adjustments to supply agreements.  Prices set for the third consecutive week of declines …

    7 June 2024
    Nvidia soars to record highs, eyes top spot by market cap 

    Key Points:  Nvidia surpasses Amazon and Apple to become the second-largest US company.  Shares of Nvidia close at a record $1,224.40, bringing the company to a market cap of $3.01 trillion.  Elon Musk orders thousands of AI chips from Nvidia, …

    7 June 2024
    Gold set for first weekly gain in three weeks as US dollar, yields decline

    Key points: Weaker labor data could boost gold prices, according to analysts. The U.S. non-farm payrolls data is due at 1230 GMT. Gold is expected to reach another record high this year. Gold prices held steady on Friday and were …

    7 June 2024
    Dollar remains close to an 8-week low as payroll test approaches

    Key points: The dollar index (DXY) remains close to an eight-week low ahead of a significant U.S. jobs report. Traders anticipate weaker jobs growth, which could influence future Federal Reserve rate cuts. The dollar hovered close to an eight-week low …

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