Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures maintained an upward trajectory in line with the positive outlook outlined in the previous report, successfully reaching the anticipated target of $72.20 and recording a peak of $72.25 per barrel. Technical Outlook:The bullish bias remains dominant, supported by positive momentum from the simple moving averages and …

Gold prices are attempting a modest upward correction during the early trading sessions of this week, reaching a high of $2636 per ounce in today’s initial trades. Technical Analysis:A closer examination of the 4-hour chart reveals that the Stochastic indicator has entered overbought territory, coinciding with the price’s continued movement …

The EUR/USD pair concluded last year’s trading with predominantly negative performance, aligning with the bearish scenario outlined in the previous technical report. The pair came within a few points of the anticipated target at 1.0330, reaching a low of 1.0340. Technical Overview:In today’s session, the pair attempted a limited upward …

China’s GDP is projected to grow by approximately 5% in 2024, aligning with the government’s formal growth target, according to President Xi Jinping. This reinforces confidence in the resilience of the world’s second-largest economy despite a year of economic uncertainty. Stability Amid Challenges: Speaking at a New Year event, Xi …

The US Dollar edged lower in early trading on Tuesday, reflecting thin year-end market activity. However, the greenback remains on track for significant gains in 2024, driven by the Federal Reserve’s cautious stance on interest rate cuts and expectations tied to the incoming Donald Trump administration. Dollar Index: Down 0.1% …

European stock markets traded in a subdued manner on Tuesday, wrapping up a year of mixed performances. Uncertainty regarding monetary policy and political shifts curtailed earlier gains, with several indices hitting record highs earlier in the year. Pan-European STOXX 600: Flat as of 08:21 GMT, with the benchmark on track …