European shares remained flat on Tuesday, stabilizing after a 1% jump in the previous session, as investors digested a mix of economic data while anticipating a widely expected interest rate cut from the European Central Bank (ECB) later in the week. The pan-European STOXX 600 index held steady at 510.40 …
Read More »Gold Prices Slip Ahead of U.S. Inflation Data, Copper Retreats Amid Weak Chinese Imports
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, …
Read More »Market Drivers; US Session, September 09
The US Dollar continued its upward trajectory on Monday, despite a general decline in US Treasury yields. This positive sentiment reflects steady expectations that the Federal Reserve will implement a rate cut at its upcoming meeting.The US Dollar Index (DXY) reached its highest level in three days, approaching 101.80. Investors …
Read More »European Stocks Rebound as Investors Anticipate ECB Rate Cut
European shares kicked off the week with gains following a sharp decline last Friday, as investors look ahead to key economic data releases and expect the European Central Bank (ECB) to reduce interest rates later this week. By 0711 GMT on Monday, the pan-European STOXX 600 index had risen by …
Read More »Dollar Weakens Ahead of Key U.S. Payroll Data as Market Awaits Fed’s Next Move
The U.S. dollar hit a one-month low against the yen and a one-week low versus the euro on Friday, as traders exercised caution ahead of a key U.S. jobs report. Mixed signals from recent employment data have added uncertainty to the market, influencing expectations for the Federal Reserve’s next interest …
Read More »European Shares Dip Amid Caution Ahead of U.S. Labor Data
European stocks continued their downward trend for the fourth consecutive session on Thursday, as investors remained cautious, awaiting key economic data from the eurozone and tracking U.S. labor market figures to assess the Federal Reserve’s future interest rate decisions. As of 0715 GMT, the pan-European STOXX 600 index dipped by …
Read More »Dow Jones faces negative pressure 5/9/2024
Oil, Crude, trading
Read More »USD/JPY breaks support 5/9/2024
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Read More »GBP attacks resistance 5/9/2024
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 …
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