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Gold prices concluded last week’s trading sessions on a notably positive note, surpassing the psychological barrier resistance level of $2,000, consistent with the anticipated positive outlook. The prices approached the official target of 2007, reaching a peak of $2,003 per ounce. From a technical standpoint, examining the 4-hour time frame …

Positive trading prevailed in the Euro/Dollar pair at the close of last week’s trading, aligning with the anticipated upward trajectory outlined in the previous technical report. The pair approached the initial official target of 1.0960, reaching a peak of 1.0950. From a technical perspective today, a positive inclination is observed, …

Data from the German statistics office confirmed on Friday that the country’s economy contracted slightly in the third quarter compared to the previous three months. The initial estimate, published in late October, indicated a contraction of 0.1 percent, which has now been substantiated. Ruth Brand, head of the Statistics Office, …

The US dollar experienced losses in a shortened week, with the Core PCE report being the most important. The US economy is stronger than that of European nations and is still growing, with the US Composite reported at 50.7 in recent PMIs. Weekly gains in EUR/USD were observed, but the …

Oil prices fell on Friday due to the release of hostages in Gaza, but prices gained their first week of gains in over a month ahead of the OPEC+ meeting to decide on production cuts in 2024. Brent crude futures settled down 84 cents at $80.58 a barrel, while American …

The EUR/USD pair is experiencing a broad-market risk rally to close out the trading week, with market sentiment seeing a late break. US PMI data came in mixed, softening the US Dollar. The EUR/USD is trading into the 1.0950 level as the trading week winds up, with markets set for …

The DXY Index fell to 103.45, a 0.30% loss, and the index is expected to experience a 0.30% weekly loss. S&P PMIs showed mixed economic outlook, with the manufacturing sector weakening and the service sector expanding. The US economy is showing signs of cooling inflation and job creation, and soft …

Although a series of indicators issued by the German Ifo Institute recorded levels below expectations, they were able to support stocks on the European stock exchanges on Friday because the recent figures were higher than previous readings.The Ifo Business Climate Index for Germany, corporate confidence, rose 87.3 points this November …

The Gold Index is surging to $2000. Following mixed S&P PMIs, the US dollar declined. Increased US interest rates could restrict the precious metal’s growth. Profiting from mixed S&P PMIs and a declining US dollar, gold is gaining ground on Friday. The pair, which is often known as the price …

The flash estimate for November showed the US S&P Global Composite PMI remained stable at 50.7.The US Dollar Index was last trading slightly lower on the day at roughly 103.50, showing no immediate reaction to these data. The US Dollar Index remains below 100, hovering around 103.50. The economic activity …