In the current market scenario, gold prices continue to follow the anticipated downward trajectory, nearing the initial target set in the previous report at $1945. During the early trading hours of the current session, gold touched a low of $1947 per ounce, underscoring the persistence of the bearish trend. Analyzing …

Gold prices continued their downward trajectory as predicted in the previous report, nearing the first official target set at $1945. Early trading in the current session saw gold hitting its lowest level at $1947 per ounce. Upon examining the 4-hour time frame chart from a technical perspective, the bearish technical …

European stocks fell on Wednesday, November 8, with shares of insurance companies and financial institutions taking the biggest hit as investors evaluated economic data and corporate profits. The European STOXX 600 index fell 0.1% by 0815 GMT, reaching its lowest level in almost a week and heading for a decline …

Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors as part of its targeting of the Kremlin’s finances supporting the war in Ukraine. The sanctions include a UAE-based network that Britain says is responsible for funneling more than $300 million in gold revenues …

The dollar recovered and rose slightly on Wednesday after a group of Federal Reserve (US central bank) officials left the door open to raising interest rates again, while traders awaited the speech of Bank President Jerome Powell to know the course of the bank’s monetary policy in the future. The …

Japan’s Nikkei index closed lower on Wednesday, giving up the gains it achieved earlier in the session amid a wave of selling value stocks, but gains in growth stocks limited losses. The Nikkei ended trading down 0.33 percent, recording 32,166.48 points, after opening with an increase of 0.75 percent. The …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar displayed a strong performance, aligning with our previous analysis, by reaching the second target set at 1.3780 and peaking at 1.3782. Examining the technical analysis today, we observe a positive trajectory in our trading strategy, grounded in the stability above 1.3710, reinforced by the encouraging signals from …

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