U.S. Stocks Show Mixed Results at Close; Dow Jones Industrial Average Gains 0.12% The U.S. stock market closed with mixed results on Friday, with the Dow Jones Industrial Average reaching a new all-time high, while the S&P 500 edged higher and the NASDAQ Composite index ended lower. The Dow Jones …
Read More »Oil Extends Growth for Third Consecutive Month
On Friday, oil prices surged, extending their upward trajectory for the third consecutive month, as investors eagerly awaited OPEC+’s decision next week regarding its production policy, alongside concerns over increased US inventories. Brent crude saw a notable increase of 69 cents, reaching $86.92 per barrel from its opening price of …
Read More »Gold Prices Achieve Highest Monthly Performance in Three Years
On Thursday, March 28th, gold prices soared to unprecedented heights, marking their best monthly performance in three years, buoyed by anticipation of interest rate cuts and robust demand for safe-haven assets. Gold futures surged by approximately 1.2% to settle at $2,238.4 per ounce by the end of the session. Meanwhile, …
Read More »Japan Warns Against ‘Speculative’ Yen Fluctuations, Signals Potential Intervention
Japanese Finance Minister Shunichi Suzuki reiterated on Friday that recent declines in the yen were driven by “speculative” moves, signaling that authorities remained ready to intervene in the market to counter any excessive drops in the currency. Suzuki emphasized that authorities were closely monitoring the pace of the yen’s movements …
Read More »Japan Stocks Retreat at Close; Nikkei 225 Falls by 1.46%
On Friday, Japan stocks closed lower, with losses primarily in the Fishery, Railway & Bus, and Finance & Investment sectors. At the close in Tokyo, the Nikkei 225 declined by 1.46%. Among the session’s top performers on the Nikkei 225 were Mitsubishi Heavy Industries, Ltd., which rose by 5.93% or …
Read More »CAD below the psychological barrier 29/3/2024
The Canadian dollar encountered resistance at the psychological barrier of 1.3600, a level that has historically provided stability and recently led to negative trading momentum, with the pair currently hovering around 1.3550. In terms of technical analysis today, our inclination leans towards a bearish outlook, albeit cautiously, as we observe …
Read More »USD/JPY is waiting for a new signal 29/3/2024
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Read More »GBP awaits further decline 29/3/2024
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Read More »Oil is getting positive signals 29/3/2024
US crude oil futures prices surged, marking significant gains and making a decisive push towards the psychological resistance barrier of $83.00, reaching a peak of $83.17 per barrel. Technically, our trading outlook remains optimistic, with the simple moving averages providing positive reinforcement and buoyed by encouraging signals from the 14-day …
Read More »Gold continues to hit record highs 29/3/2024
Gold prices continue their ascent, reaching historic peaks at $2236 per ounce in the previous trading session, surpassing the previous record of $2224. From a technical perspective, today’s movements show stability above the resistance level of 2222, with the simple moving averages providing support for the daily upward price trend. …
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