Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …
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Japan’s Nikkei rose on Tuesday, but was unable to close above the psychologically important 27,000 point level, as concerns over the upcoming earnings season, a weaker yen and the outlook for US monetary policy limited its gains. The Nikkei closed up 0.69 percent to 26,985.09 points, after it swung in …
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Oil, Crude, trading
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Oil, Crude, trading
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The Canadian dollar is trying to recover again within successful attempts to get more bullish momentum to retest the 1.2645 resistance level. Technically, by looking at the 4-hour chart, we notice the return of the 50-day moving average to hold the price from below, in support of the bullish price …
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Oil, Crude, trading
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During the previous trading session, Gold prices jumped within the expected bullish context in the last analysis. Therefore, we relied on confirming the 1981 breakthrough capable of extending gold’s gains to visit the first target in 1988 and then 2000, recording its highest level in 1999. On the technical side …
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The single European currency ended last week’s trading with a noticeable decline within the expected bearish context mentioned in the previous analysis, touching the first official target required around 1.0775, recording its lowest level at 1.757. Technically, the pair witnessed quiet trading due to the European market holiday yesterday. However, …
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Major European markets were closed on Monday with generally quite subdued trading conditions for most of the day. Flows were picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index (DXY) hit its highest level since …
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US inflation is “far too high,” according to Fed member James Bullard’s statements on Monday. Bullard offered further insight on the outlook for Fed’s monetary policy. Bullard is one of the bank’s most hawkish and has called for interest rates to reach 3.0% this year. Bullard repeated his case for …
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