European stocks started trading on Tuesday with a relatively stable performance. Mining stocks experienced gains, partially offset by losses in healthcare stocks. Investors are anticipating the European Central Bank’s upcoming monetary policy meeting. As of 0822 GMT, the European STOXX 600 index settled at 472.66 points. Industrial and precious metals …
Read More »Gold shines as dollar declines amid anticipation of central bank decisions
Gold prices saw an increase on Tuesday as the US dollar weakened, with investors anticipating interest rate decisions from various central banks and key economic data from the United States later in the week. In spot transactions, gold rose by 0.5 percent to $2,030.64 per ounce by 0545 GMT, and …
Read More »Yen fell as the Bank of Japan maintained an easy monetary policy
The yen experienced a decline on Tuesday following the Bank of Japan’s decision to maintain its ultra-loose monetary policy at the conclusion of its two-day meeting, aligning with market expectations. The Japanese currency initially dropped by approximately 0.3 percent, reacting to the central bank’s decision to keep the short-term interest …
Read More »Oil stabilizes amid mixed indicators regarding supplies
Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …
Read More »Nasdaq is stable above support 23/1/2024
Oil, Crude, trading
Read More »Dow Jones expands its gains 23/1/2024
Oil, Crude, trading
Read More »CAD retest support 23/1/2024
The Canadian dollar experienced an upward movement in the previous trading session, following an upward trend and reaching its highest level at 1.3486. In terms of technical analysis, intraday trading is currently stable below the psychological barrier resistance of 1.3500. Additionally, the 14-day momentum indicator is showing negative signals, suggesting …
Read More »USD/JPY may witness a decline 23/1/2024
japanese-yen
Read More »GBP trying to break through the resistance 23/1/2024
Oil, Crude, trading
Read More »Oil breaks resistance 23/1/2024
In the latest market developments, US crude oil futures prices experienced a significant surge, achieving noticeable gains and reaching the official target set in the previous technical report at a price of $75.40. The highest level recorded was $75.42 per barrel. Technically, analyzing the 240-minute time chart reveals that trading …
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