Gold prices remained relatively unchanged in Asian trade on Thursday, with investors focusing on upcoming U.S. inflation data to gauge the future path of Federal Reserve interest rate cuts. A stronger U.S. dollar continued to apply pressure on gold, which has dropped from record highs due to the expectation of …
Read More »How can FOMC Minutes Affect the US Dollar?
The Federal Reserve (Fed) is set to release the minutes from its September 17-18 policy meeting on Wednesday at 18:00 GMT. The meeting marked a significant shift in monetary policy as the central bank cut interest rates by 50 basis points, the first reduction in over four years.While the market …
Read More »European Stocks Trade Flat Amid Middle East Tensions, China Volatility
European stock markets traded in a subdued manner on Wednesday as investor confidence was hit by ongoing conflict in the Middle East and market volatility in China. DAX (Germany): flatCAC 40 (France): down 0.1%FTSE 100 (U.K.): up 0.4% Concerns over China and Middle East Conflict European stocks were impacted by …
Read More »Dow Jones faces negative pressure 9/10/2024
Oil, Crude, trading
Read More »USD/JPY Renews Rise Chances 9/10/2024
japanese-yen
Read More »Oil waiting to break support 9/10/2024
US crude oil futures experienced mixed, but mostly negative, trading after encountering strong resistance around the $78.40 level, which led to a pullback. From a technical perspective, we lean toward a bearish outlook, but with caution, as the Stochastic indicator on the 4-hour chart signals a loss of upward momentum. …
Read More »GBP awaits a signal 9/10/2024
Oil, Crude, trading
Read More »Euro holds steady below resistance 9/10/2024
The EUR/USD pair experienced negative trading in the previous session, diverging from the expected upward trend outlined in the last technical report, where we relied on the pair maintaining stability above the psychological support level of 1.1100. As previously indicated, breaking through 1.1100, and more importantly 1.1095, would halt the …
Read More »Dollar steadies while investors await drivers in CPI data
The Dollar Index remains neutral on Tuesday near the key 103.00 level. Fed officials remain cautious about easing policy too much, too soon. CPI figures on Thursday will be key for DXY movement.The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, …
Read More »European Stocks Fall Amid Weak Wall Street Lead and Middle East Concerns
European stock markets retreated on Tuesday, following the lead of Wall Street as investors reassessed U.S. interest rate expectations and grappled with ongoing tensions in the Middle East and regional economic concerns. By 03:05 ET (07:05 GMT), Germany’s DAX fell 0.7%, France’s CAC 40 dropped 1.2%, and the FTSE 100 …
Read More »