Gold prices reversed their previous downward trend and rallied during yesterday’s trading session, surpassing the key resistance level of 2340 and reaching a high of $2365 per ounce. This price action indicates a potential shift in sentiment towards a bullish outlook. Technical Outlook: The technical analysis now suggests a continuation …

The EUR/USD pair continued its downward movement, as anticipated in our previous technical report, nearing our target of 1.0700 and reaching a low of 1.0715. Technical Outlook: On the 4-hour chart, the simple moving averages (SMAs) are maintaining their downward pressure, supporting the bearish price trend. The Stochastic oscillator has …

The Bank of England (BoE) maintained its benchmark interest rate at 5.25% on Thursday, despite a recent slowdown in inflation. This decision reflects the central bank’s cautious approach, as it continues to monitor underlying price pressures and robust wage growth. The Monetary Policy Committee (MPC) voted 7-2 to keep the …

The Swiss National Bank (SNB) reduced interest rates for the second consecutive time on Thursday, highlighting its confidence in easing price pressures and solidifying its position at the forefront of the global policy easing cycle. The central bank’s decision to cut its policy rate by 25 basis points to 1.25% …

European shares experienced a positive trading session on Thursday, propelled by a surge in technology and real estate stocks. The pan-European STOXX 600 index rose 0.4% by mid-morning, with ASMI, a semiconductor equipment manufacturer, leading the charge in the tech sector after receiving an upgrade from Morgan Stanley. Switzerland’s benchmark …

Asian stocks maintained their position near a two-year peak on Thursday, as traders eagerly awaited further guidance on U.S. monetary policy. The Bank of England (BoE), Swiss National Bank (SNB), and Norges Bank (Norway’s central bank) were all set to announce their policy decisions, further shaping the global interest rate …

Oil, Crude, trading

The USD/CAD pair has successfully held above the crucial 1.3690 support level, indicating a potential shift towards a bullish bias. Technical Outlook On the 4-hour chart, the Stochastic oscillator is showing positive crossover signals, suggesting a potential increase in upward momentum. Additionally, the Relative Strength Index (RSI) is attempting to …

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Oil, Crude, trading