Gold prices successfully reached the initial target outlined in the previous technical report, hitting the price of 2051 and achieving a peak at $2055 per ounce. On the technical front today, a closer examination of the 240-minute time frame chart reveals that the simple moving averages continue to provide a …
Read More »Euro breaks resistance 22/12/2023
Positive trades dominated the euro’s movements against the US dollar as it successfully consolidated above the robust resistance level at 1.0960, initiating an attack on the psychological barrier of 1.1000 and subsequently stabilizing around it. On the technical front today, intraday movements demonstrate stability above the previously breached resistance, now …
Read More »Dollar stabilizes and sterling faces pressure as focus shifts to US inflation
On Thursday, the dollar steadied, while the pound experienced losses in light trading activity during the holiday season. Market participants are anticipating the release of crucial year-end data—the U.S. inflation figures scheduled for Friday. The pound faced significant losses against the dollar, marking its most substantial decline in two months …
Read More »Brent approaching $80 after a record increase in US inventories
Oil prices stabilized on Thursday, with Brent trading close to $80 a barrel, despite concerns about disruptions in global trade and rising inventories in the United States. As of 0914 GMT, Brent crude futures saw a modest increase of 13 cents, or 0.1 percent, reaching $79.80 per barrel, while US …
Read More »European stocks decline due to losses in the auto and real estate sectors
European stocks experienced a decline on Thursday, particularly within the real estate and auto sectors, following a sharp sell-off on Wall Street in the previous session. Investors, in anticipation of more economic data from the United States, sought additional indicators on the trajectory of global interest rates. As of 0817 …
Read More »Gold rose after the decline in USD boosted demand
Gold prices saw an increase on Thursday, receiving support from a decline in the dollar and lower US Treasury bond yields. Traders, meanwhile, awaited US economic data to gain further insights into the Federal Reserve’s monetary policy expectations. Spot gold rose by 0.4 percent to reach $2,036.60 per ounce as …
Read More »Japan’s Nikkei declines, tracking Wall Street
Japan’s Nikkei index experienced a decline on Thursday, influenced by a significant sell-off on Wall Street and a notable drop in Toyota’s shares due to a growing safety concern within its Daihatsu Motor unit. The Nikkei closed at 33,140.47 points, reflecting a decrease of 1.59 percent. Among the 225 listed …
Read More »Oil is heading to end its winning streak as US inventories rise
Oil prices experienced a decline on Thursday, potentially halting a three-day winning streak. Concerns about reduced demand emerged following an unexpected surge in US crude inventories, overshadowing worries about global trade disruptions due to tensions in the Middle East. As of 0303 GMT, Brent crude futures saw a decrease of …
Read More »Nasdaq Requires Close Examination 21/12/2023
Oil, Crude, trading
Read More »Dow Jones attacks 38,000 and positivity continues 21/12/2023
Oil, Crude, trading
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