British bank Barclays revealed a net loss of £111 million in the fourth quarter of 2023, equivalent to $139.8 million, marking a significant development as the bank unveils its first major strategy update since 2016. This announcement comes as Barclays initiates a substantial restructuring effort to combat declining profits. Analyst …

European shares started on a downward trajectory on Tuesday, influenced by uncertainties surrounding potential wage settlement increases in the euro zone, which could delay anticipated interest rate cuts. Additionally, China’s decision to cut mortgage interest rates failed to inspire optimism among investors. STOXX 600 Index Slips The European STOXX 600 …

The primary Japanese stock index struggled to sustain its upward momentum on Tuesday, hovering approximately one percent below its highest peak recorded in over three decades. Trader apprehension ahead of Nvidia’s earnings release contributed to market uncertainty. China’s Interest Rate Cut Offers Brief Boost An unexpected interest rate cut in …

On Tuesday, the dollar exhibited strength, maintaining its position above 150 yen amidst expectations of prolonged higher US interest rates. This occurred against the backdrop of Japan’s economic recession and market skepticism regarding Tokyo’s imminent monetary easing policy adjustment. China’s Mortgage Rate Cut Draws Trader Attention Early Tuesday, China’s decision …

Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …

The Canadian dollar displayed strength yesterday with an upward trend dominating its movements, carrying over into today’s trading session with a positive bias. The currency hovers around its morning peak, reaching 1.3510. Technical Analysis Points to Continued Positive Momentum Technical analysis indicates that the pair continues to benefit from support …

japanese-yen

Oil, Crude, trading

US crude oil futures experienced quiet yet positive trading during yesterday’s US market holiday, reaching its highest level at $78.52 per barrel. Technical Analysis Reinforces Upward Trend The technical outlook for oil prices remains unchanged, with trading continuing within an upward trend observed within the ascending price channel depicted on …

Gold’s efforts to secure gains persist, albeit within constrained limits. The precious metal finds itself grappling with stabilization above the pivotal 2016 level, a critical determinant of medium-term trends, with prices reaching as high as $2023 per ounce. Technical Analysis Highlights Consolidation Efforts Today’s technical analysis, focusing on the 240-minute …