Gold prices soared to a new record in Asian trading on Monday, driven by increased safe-haven demand as geopolitical tensions in the Middle East intensified and uncertainty loomed over the upcoming U.S. presidential election. Spot gold climbed 0.4% to $2,732.86 per ounce, while December gold futures rose 0.6%, reaching $2,747.70 …
Read More »U.S. Stock Futures Rise on Tech Gains, Netflix Surges After Strong Results
U.S. stock futures edged higher on Friday, driven by technology sector gains, particularly in the Nasdaq 100. Leading the charge was Netflix, whose shares jumped 6.5% in premarket trading after exceeding Wall Street expectations for subscriber growth and projecting continued growth through the end of the year. Other “Magnificent Seven” …
Read More »European Markets Rally as Tech and Luxury Stocks Surge, STOXX 600 Set for Weekly Gains
European shares advanced on Friday, buoyed by a tech stock rebound and positive corporate earnings. The Europe-wide STOXX 600 index climbed 0.3% by 0840 GMT, with the tech sector leading the charge after a turbulent week. The index appeared set for its second consecutive weekly gain, bolstered by the European …
Read More »Gold Prices Hit Record High Amid Safe Haven Demand Ahead of U.S. Election and ECB Rate Cut
Gold prices soared to a new record in Asian trading on Friday, driven by strong safe haven demand as the U.S. presidential election looms and geopolitical tensions escalate. Spot gold rose 0.4% to a record high of $2,705.26 an ounce, while December futures climbed 0.5% to $2,720.15 an ounce. Safe …
Read More »European Shares Hold Steady Amid Mixed Sector Movements and ECB Rate Cuts
European shares opened on a cautious note on Friday, following strong gains from the previous session, which were driven by the European Central Bank’s (ECB) interest rate cut and upbeat earnings reports. The Europe-wide STOXX 600 index dipped slightly, down 0.05% as of 0718 GMT. Real estate companies led the …
Read More »Crude Oil Futures Stabilize as Mixed Signals Cloud Global Demand Outlook
Crude oil futures steadied on Friday after an uptick in U.S. retail sales, but concerns about global demand weighed on the market as mixed economic indicators from China persisted. Prices remained on course for their largest weekly loss in over a month. As of 0338 GMT, Brent crude futures edged …
Read More »Dow Jones recovers 18/10/2024
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Read More »USDJPY achieves bullish target 18/10/2024
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Read More »GBP holds below resistance 18/10/2024
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Read More »Oil hits target 18/10/2024
US crude oil futures have successfully reached the first downward target at $69.65 per barrel, recording a low of $69.45. Technical Outlook: Today’s analysis suggests the potential for the downtrend to continue, with the bearish double top pattern on the 4-hour chart maintaining its negative influence. The downward pressure is …
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