Gold prices found stability on Wednesday as traders eagerly anticipated insights from numerous Federal Reserve officials scheduled to speak this week, seeking clarity on the potential timeline for interest rate adjustments. Spot Gold Holds Steady In the early hours of trading, the price of gold in spot transactions held firm …

The Canadian dollar has validated the anticipated downward trajectory outlined in our previous technical analysis report, reaching the retest target of 1.3470 as forecasted, with a recorded low of 1.3474 during early morning trading. Technical Analysis: Bearish Bias Intact Assessing the technical landscape today, our analysis maintains a bearish stance, …

japanese-yen

Oil, Crude, trading

US Crude Oil Futures Surge, Meeting Expected Targets The anticipated upward trajectory in US crude oil futures contracts materialized as forecasted, with prices reaching and surpassing the initial target outlined in our previous technical analysis, touching $73.60 and soaring to a peak of $73.78 per barrel. Technical Analysis: Positive Signals …

Gold Prices Display Limited Upside Amidst Technical Pressures Gold prices exhibited modest upward movements during the preceding trading session, albeit with constrained momentum. In our previous analysis, we maintained a stance of intraday neutrality, awaiting either a breakout above the 2016 resistance or confirmation of a breakout below the 2035 …

The EUR/USD pair has demonstrated resilience as it found solid support near the 1.0720 level, initiating today’s trading session with a commendable effort to rebound. Currently, the pair hovers around the critical resistance level of 1.0765, reflecting the market’s ongoing battle for direction. Technical Analysis: Mixed Signals Amidst Intriguing Dynamics …

Gold Prices Hover as Investors Await Clarity on Fed’s Stance In the European trading session on Tuesday, Gold prices (XAU/USD) exhibit a lack of decisive movement, ensnared within a tight range, as market participants eagerly await key insights from Federal Reserve (Fed) officials regarding their outlook on interest rates. The …

The German Economy Ministry announced on Monday its approval of plans to provide subsidies totaling $17 billion to support gas power plants capable of converting to hydrogen. This initiative aims to address the intermittency of renewable energy sources and expedite the transition to low-carbon power generation. Key Points: Purpose: The …

On February 6, Japanese automaker Toyota Motors revised its operating profit forecast for the fiscal year upwards by approximately 9%, following better-than-expected profits in the third quarter. The company’s success was attributed to a weakened yen and robust sales of high-margin cars and hybrid vehicles. Key Points: Profit Forecast Increase: …