Gold Gold prices surged last week, driven by safe-haven demand amid escalating geopolitical tensions. The rally began as Israel declared war and launched a military operation against the Palestinian militant group Hamas after an unprecedented attack on Israel. Gold, being a traditional safe-haven asset, gained 1.6% on Monday, marking its …
Read More »Dollar slightly falls amid fears of continued interest hikes
The US dollar fell on Friday after its largest daily increase since March, which it reached on Thursday, as US consumer price data revived the possibility that the Federal Reserve will have to continue raising interest rates to bring inflation back towards the target level of two percent. The consumer …
Read More »Gold is heading for its best weekly performance since March
Gold consolidated on Friday and is heading towards recording its best weekly performance in seven months due to tension in the Middle East and supported by expectations that US interest rates may have reached their peak while markets evaluate the latest data on inflation. Gold in spot transactions increased 0.5 …
Read More »European stocks decline with renewed concerns about US interest rates
European stocks fell on Friday after US inflation data fueled fears that interest rates will remain high for longer, while weak inflation data from China exacerbated concerns about the global economy. The European STOXX 600 index fell 0.2 percent by 0704 GMT. Shares of mining companies and oil and gas …
Read More »US inflation data pushes Japan’s Nikkei index lower
Japanese stocks fell on Friday, tracking Wall Street’s overnight declines, after higher-than-expected US inflation data raised the possibility that the Federal Reserve would be forced to keep interest rates high for a longer period. However, the Japanese Nikkei index’s losses were limited due to a 5.75 percent jump in the …
Read More »Nasdaq retests support 13/10/2023
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Read More »Dow Jones settles below resistance 13/10/2023
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Read More »CAD breaks through the resistance 13/10/2023
Positive trading witnessed the movements of the Canadian dollar to reflect the downward trend as we expected, in which we relied on the stability of trading below 1.3650 at the time of the report. As a reminder, we indicated that the return of trading stability above 1.3650 leads the pair …
Read More »JPY breaks resistance, positivity needs confirmations 13/10/2023
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Read More »GBP may witness a bearish bias 13/10/2023
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