Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
Read More »A negative oil scenario may occur 5/9/2024
US crude oil futures extended their losses during the European trading session, reaching the first official target of $69.00 and recording a low of $68.85 per barrel. From a technical perspective, oil found solid support near $69.00, leading to some temporary gains. However, a closer look at the 4-hour chart …
Read More »Gold needs extra momentum 5/9/2024
Gold prices saw positive attempts within the expected upward trend mentioned in the previous report, reaching a high of around $2,500 per ounce. From a technical standpoint today, after achieving the official target of $2,470 earlier this week, we note that the price has stabilized above this level, encouraging clear …
Read More »Euro awaits new signal to move 5/9/2024
The EUR/USD pair found strong support near 1.1040, as previously noted, with the continuation of the bearish corrective trend hinging on a decisive break below this level. The pair managed to close above 1.1040, reaching a high of 1.1095. From a technical perspective today, the 4-hour chart shows the pair …
Read More »Dow Jones breaks support 4/9/2024
Oil, Crude, trading
Read More »USD/JPY trying to hold above support 4/9/2024
japanese-yen
Read More »GBP holds below resistance 4/9/2024
Oil, Crude, trading
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