On Thursday, gold continued its upward trajectory for the fourth consecutive day as investors maintained optimism regarding potential interest rate cuts by the Federal Reserve. Despite the central bank ruling out rate cuts in March, market participants still anticipate significant reductions later in the year. In spot transactions, gold recorded …

The Bank of England (BoE) is expected to acknowledge rapid progress in reducing inflation during its first meeting of 2024. Despite analysts anticipating a hold on interest rates at 5.25%, the central bank’s policy announcement on Thursday will be accompanied by new forecasts, reflecting the projected decline in UK inflation …

In early European trading on Wednesday, the US dollar maintained its strength, poised for the most significant monthly gain since September. Meanwhile, the euro faced headwinds following weak inflation data, contributing to the dollar’s appeal. Geopolitical tensions in the Middle East and economic data played crucial roles in shaping currency …

China’s manufacturing sector has experienced its fourth consecutive month of contraction in January, according to an official survey released on Wednesday. The data suggests ongoing challenges for the large sector and the broader economy in regaining momentum at the outset of 2024. The official purchasing managers’ index (PMI) for the …

Gold prices are poised to register their first monthly decline in four months as investors recalibrate expectations for rapid and substantial cuts in US interest rates, given the robust state of the economy. Anticipation surrounds the Federal Reserve’s monetary policy decision later on Wednesday, influencing market sentiment and gold’s performance. …

European stocks continued their upward trajectory on Wednesday, marking the sixth consecutive session of gains. The financial sector played a pivotal role in supporting the positive momentum as traders eagerly awaited the US Federal Reserve’s monetary policy decision later in the day. Market Performance: As of 0822 GMT, the European …

Japan’s Nikkei index has concluded January 2024 with its most robust performance since 1998, showcasing resilience in the face of early declines led by chip company stocks. Overcoming initial setbacks, the index rebounded, securing its place as the best-performing market globally for the month. Market Recovery and Impressive Gains:The Nikkei …

Alphabet Inc, the parent company of Google, found itself on the wrong side of investor expectations as holiday ad sales fell short, leading to a six percent drop in its shares during after-hours trading. The company also disclosed plans for increased spending on components like servers running artificial intelligence (AI), …

In the dynamic landscape of global oil markets, recent developments have sent ripples through the industry, influencing price movements and creating an environment of uncertainty. This article delves into the various factors impacting oil prices, ranging from geopolitical tensions in the Middle East to economic indicators that shape the market …

Negative momentum dominated the movements of the Canadian dollar, coming within a few points of the first official target set in the previous report at 1.3380, reaching its lowest level at 1.3397. In today’s technical analysis, a bearish sentiment is favored in our trading outlook, relying on the intraday stability …