Most Asian stock markets saw gains on Friday, buoyed by a recovery in technology shares after several sessions of declines. Despite the uptick, regional indices were still on track for significant weekly losses, influenced by recent underperformance in the technology sector and mixed signals from global markets. Technology Sector Leads …
Read More »Gold Prices Rise in Asian Trade, But Set for Weekly Loss Amid Dollar Strength
Gold prices inched up in Asian trading on Friday, recovering slightly from a week marked by significant losses as traders largely favored the dollar ahead of key interest rate signals. The precious metal had surged to record highs in July, only to be pulled back by a mix of profit-taking …
Read More »Dollar Weakens Ahead of GDP Data, Yen Strengthens on BOJ Speculation
The U.S. dollar continued to weaken on Thursday, with the Dollar Index, which measures the greenback against a basket of six other currencies, dropping 0.2% to 103.950 as of 05:25 ET (09:25 GMT). This decline extended the dollar’s losses from the previous session. Dollar Retreats Ahead of Key Economic Data …
Read More »Nissan Motor’s Q1 Profit Plummets and Annual Outlook Slashed
Nissan Motor’s first-quarter financial results took a significant hit on Thursday, with nearly all of its profit wiped out due to aggressive discounting strategies in the United States. The company’s results fell well below analyst expectations, causing its shares to drop 7%. For the April-June period, Nissan reported an operating …
Read More »Oil Prices Dip Amid Concerns Over China Demand and Middle East Ceasefire Prospects
Oil prices edged lower on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a possible ceasefire deal in the Middle East outweighed the previous session’s gains. The gains had been driven by larger-than-expected declines in U.S. crude inventories. Brent crude futures for …
Read More »Dow Jones Faces Further Decline, Key Support Levels in Focus 25/7/2024
Oil, Crude, trading
Read More »USD/JPY Faces Continued Decline, Key Support Levels in Focus 25/7/2024
japanese-yen
Read More »British Pound Maintains Bearish Trend Against US Dollar 25/7/2024
Oil, Crude, trading
Read More »Oil: a triple top pressure the price 25/7/2024
During the previous trading session, US crude oil futures encountered a psychological resistance barrier at $78.00, which dampened the upward momentum. From a technical perspective, today’s outlook leans toward negativity, supported by a bearish technical structure on the 4-hour chart and the simple moving averages indicating ongoing negative pressure from …
Read More »Gold Prices Decline After Failing to Break Key Resistance 25/7/2024
In the previous report, we maintained a neutral stance due to conflicting technical signals, noting that stability above the 2410 resistance level might lead gold prices to target 2426 and 2438. Gold prices reached 2432, achieving the first target. Today, from a technical perspective, gold prices have rapidly declined after …
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