The US dollar strengthened on Tuesday, recovering from losses in the previous session, as global growth concerns resurfaced and heightened fears of trade wars began to weigh on market sentiment. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, rose …
Read More »Gold Prices Steady Amid Fed Meeting Uncertainty and Dollar Strength
Gold prices remained stable in early Asian trading on Tuesday after a sharp decline of over 1% on Monday, driven by a rebound in the U.S. dollar and growing caution ahead of the Federal Reserve’s interest rate decision. Spot gold (XAU/USD) traded at $2,740.19 per ounce, while February gold futures …
Read More »Dow Jones tries to hold above support 28/1/2025
Oil, Crude, trading
Read More »USD/JPY: to be monitored 28/1/2025
japanese-yen
Read More »GBP may retest support 28/1/2025
Oil, Crude, trading
Read More »Oil: Bearish Technical Structure 28/1/2025
A bearish trend dominated US crude oil futures prices during the early trading sessions this week, with prices reaching their lowest level at $72.42 per barrel. From a technical standpoint, examining the 4-hour chart reveals the formation of a bearish inverted head and shoulders pattern. Additionally, oil prices remain below …
Read More »Gold is waiting for a signal to move 28/1/2025
Negative trading dominated gold’s movements as anticipated in the previous report, reaching the first target of 2735 and recording its lowest level at $2730 per ounce. Today’s technical outlook suggests the possibility of continuing the downward trend. However, upon closer examination, there appears to be a conflict between technical indicators. …
Read More »Euro faces negative pressure 28/1/2025
The euro declined against the US dollar during the morning trading session today, retreating after several consecutive sessions of gains and failing to maintain its position above the psychological barrier of 1.0500. From a technical perspective, a closer examination of the 4-hour chart reveals that the pair is holding below …
Read More »XAU/USD Declines 1% On Profit-taking, Broad Stock Selloff
Gold prices experienced a decline of over 1% on Monday, falling below the $2,750 level. This downturn was primarily driven by a confluence of factors. Firstly, profit-taking by investors contributed significantly to the gold price decline. Secondly, the emergence of DeepSeek, a Chinese artificial intelligence firm, triggered a broader market …
Read More »Market Drivers; US Session: Will Fresh Data Help the US Dollar?
The US Dollar began the week on a weaker note as markets grappled with the potential impact of further tariffs and anticipated the upcoming Federal Reserve meeting. The US Dollar Index (DXY) experienced moderate losses, although it partially recovered after touching a low near 107.00. Meanwhile, the Euro strengthened against …
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