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Gold prices successfully reached the initial target mentioned in the previous technical report, hitting $2065 per ounce, marking the highest level in the current upward wave. The current technical analysis suggests a potential continuation of the upward trend, supported by positive signals from the simple moving averages. Intraday trading stability …

The euro exhibited positive momentum against the US dollar, driven by the proximity to a robust support level at 1.0770, marked by the 38.20% Fibonacci retracement. Examining the 4-hour time frame chart from a technical standpoint, the mentioned support level prompted a retest of the formidable resistance at 1.0875, coinciding …

The US Dollar Index retreated, putting the 103.00 support to the test, dropping back below the important 200-day SMA. On Friday, all eyes will be on January’s nonfarm payrolls, the unemployment rate, factory orders, and the final print of Michigan Consumer Sentiment.Renewed selling pressure in the dollar, combined with more …

The US Bureau of Labour Statistics will release its jobs report for January on Friday, February 2, and economists and researchers predict a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 recorded in December. Investors’ focus now shifts to Friday’s nonfarm payrolls for further clarity on the future of …

Crude oil prices were volatile on Thursday due to geopolitical concerns in the one direction towards calmer Middle East, and supply concerns in the other direction; triggering an earlier rally on the day. The likelihood of a negotiated ceasefire in Gaza is growing. The crude oil barrel counts from the …

The Canadian dollar was mixed against major currencies on Thursday, with some gains against the US dollar. Markets are settling following Wednesday’s Federal Reserve outing, which saw Chair Jerome Powell strike a more hawkish tone than expected, knocking equity markets lower and driving risk-off flows into the safe haven US …

The Dow Jones Industrial Average rose Thursday following a dismal day for the major averages after the Federal Reserve held steady on rates but signaled that a March cut is unlikely.The 30-stock Dow added market index climbed 211 points, or 0.5%, while S&P 500 added 0.7%. The Nasdaq Composite gained …

On Thursday, the EUR/GBP jumped to 0.8545, up 0.25%. The pair’s daily chart shows a neutral to negative outlook, with bulls striving to restore control and create momentum. Buyers gained pace after the Eurozone’s strong inflation numbers, but the Bank of England’s hawkish stance may limit the gains. The EUR/GBP …

The US Dollar pops up on the back of Fed rate pause. Traders see the Greenback fade to flat as dust settles over the Fed meeting. The US Dollar Index has 104 in reach if it is able to advance this Thursday. The dollar is falling back to being nearly …

On Thursday, Shell recorded Q4 profit of $474 million. The London-based corporation reported a per-share profit of 14 cents. Adjusted for nonrecurring charges, earnings per share were $2.22. The results exceeded Wall Street’s expectations. Average forecast was for earnings of $1.94 per share.The oil and gas company generated $80.13 billion …