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Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight dip on Friday, a natural correction after reaching record highs earlier in the week. However, this short-term fluctuation does not diminish the overall upward trend, with gold poised for an eighth consecutive weekly gain. This …

Recent data reveals a mixed picture of US economic activity. The S&P Global Composite PMI for February dipped to 50.4, signaling a slight weakening in overall private sector activity compared to January’s 52.7. However, within this composite, the Manufacturing PMI bucked the trend, edging up from 51.2 to 51.6, indicating …

The GBP/USD pair experienced a pullback after reaching a year-to-date high of 1.2678 and testing the 100-day Simple Moving Average (SMA) at 1.2658. The pair subsequently stabilized near 1.2660. This movement occurred despite positive UK retail sales data for January, which showed a 1.7% month-over-month increase, exceeding expectations. US economic …

The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spending data for January offset concerns over declining employment trends. Key Market Moves GBP/USD rose 0.1% to $1.2675, from $1.266 before the data release. EUR/GBP dipped slightly to 82.81 pence, down from 82.85 pence. Mixed Economic …

Bitcoin extended its winning streak on Friday, rising for the third consecutive day, as some investors shrugged off concerns over U.S. tariffs. However, uncertainty surrounding the Federal Reserve’s interest rate policy kept gains in check. As of 01:36 ET (6:36 GMT): Bitcoin rose 1.6% to $98,409.2. It was on track …

European markets edged up on Friday, as investors assessed fresh business activity data and ongoing geopolitical risks, including trade tensions and defense spending concerns. As of 04:21 ET (09:21 GMT): STOXX 600 rose 0.3% to 552.56, though it was set for a weekly loss, snapping an eight-week winning streak—the longest …

Oil, Crude, trading

The Canadian dollar retreated, moving away from its recent high of 1.4306, initiating a downward correction. Currently, the pair is stabilizing near its session low of 1.4166. Technical Analysis On the 4-hour chart, the simple moving averages (SMA) are exerting negative pressure on the price, reinforcing the possibility of continued …

Oil, Crude, trading

U.S. crude oil futures continued their upward momentum for the third consecutive session, reaching a high of $73.11 per barrel. Technical Analysis On the 4-hour chart, a bullish crossover of the simple moving averages (SMA) supports the potential for further gains. However, Stochastic indicators suggest a loss of upward momentum, …