Gold prices fell on Wednesday, pressured by a stronger U.S. dollar and growing uncertainty ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s decisions at its September policy meeting. Gold Slips But Holds Key Level Spot gold dropped 0.6% to $2,510.39 an ounce by 0953 GMT, …
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USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve’s meeting and Chairman Jerome Powell’s remarks at the Jackson Hole symposium. Powell’s comments hinted at a potential interest rate cut in September, a prospect further reinforced by …
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Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …
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The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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US crude oil futures surged yesterday, reaching a high of $78.70 per barrel. Technically, the 4-hour chart indicates that oil has moved above the 50-day simple moving average, supporting a positive outlook. Additionally, the price is holding above the 78.00 support level. Given this stability, the upward trend appears likely …
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Gold prices saw notable gains in the previous trading session. Previously, we maintained a neutral stance due to conflicting technical signals, noting that a break above 2394 could trigger an upward trend towards targets of 2410 and 2420, with potential further gains extending to 2437. The price has now reached …
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The EUR/USD pair experienced narrow sideways trading, confined between the support level at 1.0800 and the resistance level at 1.0850. Technically, the 240-minute chart shows continued negative pressure from the simple moving averages, alongside the stability of daily trading below the pivotal resistance level of 1.0880. Given these conditions, there …
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