Gold prices showed a neutral stance in the previous analysis due to conflicting technical signals, with an emphasis that a clear breach of the pivotal resistance at 2655 would serve as a catalyst for a bullish trend, targeting 2665 and 2671, eventually recording a peak at $2676 per ounce. Today, …
Read More »Euro trying to recover 10/12/2024
The EUR/USD pair maintained its upward trajectory within the anticipated positive outlook highlighted in the previous technical report, reaching the first target of 1.0600 and recording a high of 1.0597. Technically, today’s analysis of the 4-hour chart shows the 50-day simple moving average supporting the bullish movement, alongside positive momentum …
Read More »US Stock Futures Slip as Investors Await Inflation Data; Oil Gains on Syria Turmoil
US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …
Read More »US Dollar Dips as Geopolitical Risks Weigh Amid Economic Data Focus
The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …
Read More »Oil Prices Rise as China Signals Monetary Policy Shift and Geopolitical Uncertainty Fuels Gains
Oil prices rose by more than 1% on Monday, supported by expectations of economic stimulus from China and geopolitical developments in the Middle East. China’s Policy Shift Spurs Optimism Brent crude futures climbed 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) …
Read More »European Shares Near Six-Week Highs on China Stimulus Hopes
European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …
Read More »Bitcoin Pulls Back Amid Policy Anticipation, Altcoins Lead Market Shifts
Bitcoin saw a modest retreat on Monday, slipping 0.4% to $99,439.8 as traders awaited further clarity on U.S. crypto policy under the incoming administration of President-elect Donald Trump. This pullback comes after a weekend rally that saw the cryptocurrency brush record highs. Policy Optimism Fuels Recent Surge Bitcoin’s sharp rise …
Read More »Dow Jones faces temporary negative pressure 9/12/2024
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Read More »USD/JPY Steady Below Resistance 9/12/2024
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Read More »GBP may repeat its rising chances 9/12/2024
Oil, Crude, trading
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