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US stocks rose on Thursday, looking to recover some losses after the Fed’s higher for longer stance on interest rates drove markets lower over the past week. The S&P 500 rose about 0.6%, while the Dow Jones popped about 0.5%. The tech-heavy Nasdaq Composite led gains, adding 0.8%. A fresh …

Gold prices are experiencing a selloff as Fed policymakers reiterate their hawkish stance on interest rate outlook. The US economy’s strength due to a tight labor market and strong consumer spending supports the Fed’s hawkish stance. The precious metal is trading at $1863 per ounce at the time of writing.The …

The final reading of America’s gross domestic product revealed that the economy grew by about 2.1%, which is the same levels as the second reading. The US economy grew by about 2.2% in the first quarter of this year and by 6.2% in the second quarter of 2022. The data …

Gold prices traded at their lowest level in 6 months during Thursday’s session, recording levels below $1,900 per ounce. Gold’s losses coincided with a rise in the dollar and the yield on US Treasury bonds. The dollar recorded its highest level in 10 months against a basket of major currencies …

European stocks rose slightly on Thursday, supported by gains in energy stocks as oil prices rose while investors awaited inflation data from Germany, the euro zone’s largest economy. The European STOXX 600 index rose 0.1 percent by 0705 GMT, after five consecutive sessions of losses, and the German DAX index …

The dollar stabilized near its highest level in ten months against a basket of currencies on Thursday, keeping the yen near an area that may require intervention by the authorities to support it, amid investors’ assessment of the impact of positive US economic data and new statements from Federal Reserve …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar achieved the first upward target to be touched during the previous technical report, located at 1.3540, recording its highest level of 1.3545. Technically, we are leaning toward positivity in our trading, relying on the bullish technical structure shown on the 4-hour chart, in addition to the continued …

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