Gold prices experienced a modest uptick on Wednesday, buoyed by a combination of economic indicators and geopolitical tensions. The precious metal gained traction after the release of the ADP Employment Report, which showed a slower-than-anticipated pace of US private job growth in November. This suggests a potential slowdown in economic …
Read More »EUR/USD Gains Ground, But Bearish Outlook Persists
The EUR/USD pair has managed to recover slightly, climbing to 1.0530 as buyers took advantage of recent declines. However, the overall technical picture remains bearish.Key factors influencing the pair’s direction:20-day SMA Resistance: The 20-day Simple Moving Average continues to act as a significant resistance level. Breaking above this level could …
Read More »Bitcoin Rebounds After South Korea Scare
Bitcoin price has staged a recovery, trading above $96,000 on Wednesday, following a dip triggered by the declaration of martial law in South Korea. As the crisis quickly subsided, investor confidence returned, and BTC prices rebounded.Institutional Buying and Retail InterestOn-chain data reveals that institutional investors capitalized on the recent price …
Read More »Oil Prices Edge Higher Amid OPEC+ Supply Cuts and Geopolitical Tensions
Oil prices firmed slightly on Wednesday as traders anticipated OPEC+ to extend voluntary production cuts, while ongoing geopolitical tensions provided additional support to the market. Market Performance Brent Crude Futures: Up 19 cents (0.26%) at $73.81 per barrel (0916 GMT). West Texas Intermediate (WTI) Crude: Gained 13 cents (0.19%) to …
Read More »U.S. Stock Futures Rise Ahead of Powell Speech; Focus on Economic and Corporate Developments
U.S. stock index futures advanced on Wednesday, with investors closely eyeing Federal Reserve Chair Jerome Powell’s upcoming address for insights into the central bank’s interest rate trajectory. Stock Futures PerformanceAs of 05:40 ET (10:40 GMT): Dow Jones Futures: Up 195 points (0.4%) S&P 500 Futures: Gained 13 points (0.2%) Nasdaq …
Read More »US Dollar Gains as Euro Struggles Ahead of French Political Crisis
The US dollar strengthened on Wednesday, while the euro retreated ahead of a critical no-confidence vote in France that could potentially destabilize the already fragile coalition government. Dollar Rises on Safe-Haven Demand At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six major …
Read More »European Markets Steady Ahead of French No-Confidence Vote
European equities opened Wednesday on a cautious note as investors awaited a decisive no-confidence vote in France’s Parliament, a move that could potentially unseat Prime Minister Michel Barnier’s government. Market Overview The pan-European STOXX 600 index edged up 0.1% by 0810 GMT, marking its fifth consecutive session of gains after …
Read More »Gold Prices Edge Higher Amid South Korean Political Crisis and Middle Eastern Tensions
Gold prices saw marginal gains during Asian trading hours on Wednesday as political turmoil in South Korea and escalating tensions in the Middle East boosted safe-haven demand. However, the strength of the U.S. dollar, fueled by uncertainty over the Federal Reserve’s interest rate outlook, capped any significant upward momentum for …
Read More »USD/JPY Below Resistance 4/12/2024
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Read More »GBP under negative pressure 4/12/2024
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