Gold prices rallied on Friday, climbing above $3,370 after Federal Reserve Chair Jerome Powell struck a more dovish tone at Jackson Hole. Powell warned that risks to the labor market are mounting, even as inflation pressures remain tilted to the upside—an acknowledgment of the Fed’s increasingly delicate balancing act.The yellow …

U.S. stocks staged a sharp rebound on Friday, snapping a two-day losing streak, after Federal Reserve Chair Jerome Powell signaled the central bank may be preparing to cut interest rates.The Dow Jones Industrial Average jumped nearly 1,000 points, or 2.2%, to close at 43,744. The Nasdaq 100, driven by heavyweight …

The Canadian dollar gained ground on Friday, sending USD/CAD lower by nearly half a percent, as dovish signals from Federal Reserve Chair Jerome Powell and upbeat Canadian retail sales data combined to pressure the greenback. The pair slipped 0.49% to 1.3835 in North American trading, retreating from an earlier daily …

The Japanese yen advanced sharply against the US dollar on Friday, as Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium fueled speculation of an impending rate cut. The USD/JPY pair retreated from a three-week high of 148.78 to trade near 146.66, marking a near 1% drop and …

Federal Reserve Chair Jerome Powell has signaled that long-awaited interest rate cuts could arrive soon, marking the first such move during the current presidential term. In a pivotal speech at a major central banking forum, Powell highlighted growing concerns over a weakening job market, suggesting that lower rates might be …

The Dow Jones Industrial Average (DJI30) saw mixed movements with a downward bias during the previous session after recording a high of 45004. Technical Outlook – 4-Hour Timeframe Technically, the 50-day Simple Moving Average has returned to exert pressure on the price from above. This is accompanied by negative signals …

The USD/CAD pair has been gradually rising, following the expected positive outlook. It touched the first technical station at 1.3920 after reaching its highest level during the current session’s early trading at 1.3915. Technical Outlook – 4-Hour Timeframe The pair successfully broke the resistance level of 1.3880, which has now …

The GBP-USD pair successfully touched its first target of 1.3420 during the previous session, reaching its lowest level during today’s morning session at 1.3393. Technical Outlook – 4-Hour Timeframe The price’s continued stability below the Simple Moving Average increases the likelihood of extended selling pressure, especially with the clear negative …

Futures prices for West Texas Intermediate (WTI) crude oil temporarily regained their upward trend during the previous session after clearly breaking the resistance level of 62.50, reaching a high of $63.64 per barrel. Technical Outlook – 4-Hour Timeframe Intraday movements show a downward bias as part of a natural corrective …

Gold prices attempted a bullish rebound during the previous trading session, but gains remained limited after they hit the pivotal resistance level of 3355, which successfully curbed the upward momentum and stopped the positive thrust. Technical Outlook – 4-Hour Timeframe Intraday movements are trending downward, retesting the support level of …