Analysis of Market Movement and Notable Performers As the trading day commenced in Europe, stocks experienced an upward trajectory on Friday, driven by a slew of positive reports from regional companies. The European STOXX 600 index, a broad gauge of European equities, rose by 0.4 percent by 0830 GMT, signaling …

Analysis of Dollar Movement Amidst Positive Market Sentiment On Friday, the US dollar experienced a decline as risk appetite surged, propelled by positive business results from major technology companies on Wall Street. Investors eagerly awaited the release of the closely watched non-farm payrolls report later in the day, seeking insights …

Analysis of Gold’s Performance Amid Dollar Decline and US Economic Data As the week unfolds, gold prices are on track to secure their most substantial weekly gains in nine weeks, buoyed by a combination of factors ranging from a weakening dollar to declining US Treasury bond yields. Investors, closely watching …

The Canadian dollar pair encountered a robust resistance at 1.3465, prompting the completion of the anticipated downward trajectory mentioned in the previous report. The pair reached the first target at 1.3380, touching its lowest point at 1.3367. In today’s technical analysis, a negative bias is observed in trading, hinging on …

japanese-yen

Oil, Crude, trading

US crude oil futures witnessed mixed trading during the previous session, experiencing fluctuations between upward and downward movements. The price ranged from its lowest point at $73.74 to the highest near $79.00 per barrel. A detailed analysis of the 4-hour chart reveals the simple moving averages exerting downward pressure on …

Gold prices successfully reached the initial target mentioned in the previous technical report, hitting $2065 per ounce, marking the highest level in the current upward wave. The current technical analysis suggests a potential continuation of the upward trend, supported by positive signals from the simple moving averages. Intraday trading stability …

The euro exhibited positive momentum against the US dollar, driven by the proximity to a robust support level at 1.0770, marked by the 38.20% Fibonacci retracement. Examining the 4-hour time frame chart from a technical standpoint, the mentioned support level prompted a retest of the formidable resistance at 1.0875, coinciding …

In the week ending January 27, the number of US citizens applying for unemployment insurance benefits surged by 224,000, as reported by the US Department of Labor (DoL) on Thursday. Once again, these figures surpassed market estimates, following a 215,000 increase in the preceding week. Further insights from the publication …