Gold prices saw little change on Friday ahead of a crucial inflation report in the United States but were set to mark their first weekly decline in six weeks amid easing concerns of escalating conflict in the Middle East. Spot gold rose 0.1 percent to $2,334.57 per ounce by 0409 …
Read More »US economic growth slows more than expected in Q1
The US economy is expected to have maintained solid growth in the first quarter of the year, albeit at a slightly slower pace, while inflation likely picked up speed. This reinforces market expectations that the Federal Reserve will postpone interest rate cuts until September. The Commerce Department’s report on first-quarter …
Read More »Gold rises before the announcement of US economic data
Gold prices rose on Thursday with a decline in the dollar, while investors focused on US economic data for clues on the path the Federal Reserve (US central bank) will take regarding interest rates. Gold in spot transactions increased 0.3 percent to $2,324.10 per ounce by 0752 GMT. But US …
Read More »Oil is stable as the market is affected by US demand concerns and the Middle East conflict
Oil prices saw little change on Thursday amid a decline in fuel demand in the United States, the world’s largest oil consumer, coupled with concerns over a potential escalation of conflict in the Middle East. Brent crude futures edged up nine cents to $88.11 a barrel by 0420 GMT, following …
Read More »European stocks decline amid mixed corporate profits
European stocks fell on Thursday after mixed earnings from major companies such as Nestle and Deutsche Bank. The European STOXX 600 index fell 0.24 percent by 0745 GMT, affected by losses in the food, beverages and industrial goods sectors. Technology stocks were under pressure after disappointing revenue expectations from the …
Read More »Gold falls under pressure from a profit-taking wave
Gold prices experienced a decline on Thursday as investors opted to take profits following a sustained uptrend in the precious metal. Additionally, pressure from investment institutions seeking to raise liquidity contributed to the downward movement. Attention shifted towards data on the US economy to gauge indications of the Federal Reserve’s …
Read More »Dow Jones facing negative pressure 25/4/2024
Oil, Crude, trading
Read More »CAD: negative pressure exists 25/4/2024
The Canadian dollar has continued its bearish trajectory, encountering strong resistance near the 1.3730 level, prompting renewed negative trading for the pair. From a technical standpoint, the 240-minute timeframe reveals the persistence of bearish technical patterns, reinforcing the overarching daily downtrend. Additionally, the ongoing formation of simple moving averages continues …
Read More »USD/JPY achieve the goals and positivity persists 25/4/2024
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Read More »GBP stable above support 25/4/2024
Oil, Crude, trading
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