Gold prices witnessed a bearish trend during the previous trading session, after it succeeded in touching the official target of the bullish wave around 1824, which formed a strong supply level that forced the price to decline, recording its lowest level of $1792 per ounce. On the technical side, today, …
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The Eurodollar pair’s attempts maintain the bullish context, trying to breach the strong resistance level at 1.0660, after it succeeded in building on the support 1.0570/10.580. Technically, and by looking closely at the 240-minute chart, the simple moving averages are trying to pressure the price from above. On the other …
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The US dollar maintained shiny performance on Thursday on the expense of gold which blunged to $1,789 per ounce. Yet, the dollar is still trading within familiar levels against most of its major rival currencies.Economic DataThe US Department of Labour’s data indicated that 216,000 initial jobless claims were filed in …
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Airlines cancelled nearly 2,000 US flights scheduled for Thursday and Friday in the United States, disrupting holiday travel for thousands and sending a bearish signal for travel fuel demand.Also keeping a lid on prices was a rising U.S. dollar and fall in equities, said Jim Ritterbusch of Ritterbusch and Associates, …
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The US Senate voted, on Thursday, to approve a $1.7 trillion government funding bill and the related legislation is getting passed onto the House, ahead of the Friday night deadline in order to prevent partial federal government shutdown. The bill is meant to fund critical government operations and to provide …
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Axie Infinity (AXS) price is back in the green territory following a horrible week of hunting and calling for support. The bullish outlook in AXS follows the announcement by Axie team, one of the biggest play-to-earn (P2E) games, that the team’s their application has passed the difficult Google Play Store …
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The GBP/USD pair is under pressure due to the resurging US dollar that is being boosted from stronger-than-forecast US economic data, underpinning the hawkish Fed’s outlook and higher rate expectations for 2023.The Dollar Index (DXY), an index that measures the American currency against a basket of rival currencies has rallied …
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The Canadian dollar weakened 0.3% against the American counterpart on Thursday, meanwhile November’s flash estimate has indicated relatively higher wholesale trade by 1.9% and the price of WTI crude oil increases 1.1%. The USD/CAD is slightly changed on Thursday, trading at 1.3678 in the US session versus the previous closing …
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Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …
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Gold is getting under pressure as US yields jump after Thursday’s US data. The US GDP for the third quarter was revised from 2.9% to 3.2%, meanwhile Wall Street extends losses and the US Dollar surges on the back of the data.Gold prices sharply retreated from nearly $1,820, reaching levels …
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