Gold prices steadied on Thursday and moved in a narrow range, hovering near the highest level in nearly seven months, with investors awaiting a key reading on inflation to determine whether US interest rate cuts will come sooner than expected. By 0543 GMT, gold in spot transactions fell 0.1 percent …
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Oil, Crude, trading
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Oil, Crude, trading
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Oil, Crude, trading
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japanese-yen
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Positive momentum has taken control of US crude oil futures, defying the previously anticipated negative outlook. The emphasis was on stability below the resistance level of 77.80, with a clear indication that surpassing this level would thwart the bearish scenario. This prediction materialized as oil prices rose above 77.80, reaching …
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Gold prices are endeavoring to sustain the gains made throughout this week’s trading, reaching a peak yesterday at around $2052 per ounce. From a technical analysis perspective today, on the 240-minute time frame chart, the 50-day simple moving average continues to support the ongoing upward trend. This support is reinforced …
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The EUR/USD pair has returned to the robust support level highlighted in the previous technical report, situated at 1.0960. It has maintained stability above this level at the commencement of today’s trading. From a technical analysis standpoint, the 50-day simple moving average continues to provide a positive impetus, aligning with …
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Although it recovered somewhat from monthly lows, the US Dollar Index (DXY) was still under pressure. In the third quarter, the US economy grew at an annualized rate of 5.2%, which was higher than the previous estimate of 4.9%. The US will release important data on Thursday, such as the …
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The Organization for Economic Cooperation and Development (OECD) is expecting international growth to slow down to 2.7% in 2024, the slowest annual growth since 2020’s pandemic.The combination of rising interest rates, high inflation, and wars is predicted to cause the world economy to contract in 2019. The OECD forecasts that …
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