Gold prices rose to their highest levels in three months on Friday and were on track for a second straight weekly gain on rising demand boosted by conflict in the Middle East and expectations that interest rate hikes by the Federal Reserve are nearing an end. By 0332 GMT, gold …
Read More »USD maintains its gains ahead of FED Chairman’s statements
The dollar maintained its gains against rival currencies on Thursday ahead of comments by Federal Reserve Chairman Jerome Powell as expectations grew that the bank would keep interest rates high for longer. The US currency pushed the yen to hover around its lowest levels in two weeks, which it recorded …
Read More »European stocks decline with risk aversion due to poor corporate results
European stocks fell about 1 percent on Thursday as risk aversion was exacerbated by poor results for companies, including food company Nestlé, as a result of tensions caused by the war in the Middle East and uncertainty over interest rates. By 0705 GMT, the European STOXX 600 index fell 0.8 …
Read More »Japan’s Nikkei closes lower due to expectations of monetary tightening and Middle East conflict
Japan’s Nikkei index closed down about 2 percent on Thursday, tracking a wave of profit-taking stock selling on Wall Street after strong US economic data reinforced bets on monetary tightening by the Federal Reserve, while tensions in the Middle East also increased risk aversion. Chip-related stocks underperformed noticeably after traders …
Read More »Gold maintains its luster in light of the Middle East conflict
Gold prices hovered near the highest level in two and a half months on Thursday, as escalating unrest in the Middle East boosted demand for a safe investment haven. At the same time, investors awaited a speech by Federal Reserve Chairman Jerome Powell scheduled for later on Thursday. By 0318 …
Read More »Nasdaq is trying to stabilize above support 19/10/2023
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Read More »Dow Jones breaks support 19/10/2023
Oil, Crude, trading
Read More »CAD breaks through the resistance 19/10/2023
Positive trades dominated the Canadian dollar’s movements, reflecting the downward trend we expected. We relied on trading stability below 1.3700. As a reminder, we indicated that moving upwards and consolidating above 1.3700 would immediately stop the expected downward trend. The pair would recover to retest 1.3740, recording its highest level. …
Read More »JPY: Positivity needs confirmations 19/10/2023
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Read More »GBP may witness a negative session 19/10/2023
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