Gold prices rose on Wednesday after fears of an escalation of the conflict between Russia and Ukraine boosted demand for safe-havens, including the precious metal, but gains were limited by the rise of the dollar. Spot transactions rose 0.2 percent to $ 1969.76 an ounce, after hitting a one-month high …
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Japan’s Nikkei index closed higher on Wednesday, posting the biggest increase in more than three weeks after the release of US inflation data that came largely in line with analyst expectations. The Nikkei ended the session up 1.93 percent at 26,843.49 points, the largest increase since March 22 and a …
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Oil, Crude, trading
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Oil, Crude, trading
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As we expected, the Canadian dollar continues to gain more bullish momentum, touching the first official target that must be achieved at 1.2660, recording the highest at 1.2661. Technically, the pair’s success in stabilizing above the 1.2600 resistance-into-support and the 50-day moving average supports the daily bullish price curve. Therefore, …
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Oil, Crude, trading
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Gold prices jumped during the previous trading session after we stayed on the fence, explaining that we are waiting for a new signal to continue the upside and breach of 1960 increases and accelerate the strength of the bullish trend, targeting 1978 to record gold at its highest level at …
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The single European currency slowly moves to the downside within the expected bearish path. It begins by pressing the support level published during the previous analysis, at 1.0830. Technically, there is a possibility of resuming the bearish trend, with the continuation of the negative pressure of the simple moving averages …
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The US dollar shed ground ahead of the release of US inflation figures, later recovering somewhat to close the day unevenly. The dollar is stronger against the shared currency, as EUR/USD trades around 1.0830, not far from the year low at 1.0805.Economic DataThe annual rate of US inflation, as per …
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The Euro aims to test the YTD low around 1.0806 after dropping below the 1.0900 mark. The US inflation broke the 8% threshold, a level last seen in 1981, which cements a 50 bps rate hike of the Fed at its May meeting.The EUR/USD pair drops to fresh monthly lows …
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