Following a decline in the US dollar and Treasury yields, gold saw a rise on Tuesday as traders braced themselves for statements from multiple Federal Reserve officials this week, which would likely provide insight into the rate of interest rate reductions this year.Gold Firmer on softer US Dollar As of …
Read More »
Analysis of Market Movements and Technical Signals Gold prices faced downward pressure during the initial trading sessions of the week, driven by the strength of the US dollar following robust US jobs data. Despite this decline, conflicting technical signals present a mixed outlook for gold’s trajectory. Market Dynamics Impact of …
Read More »
Stronger US fundamentals as well as Powell’s hawkish tone over the weekend were more than enough to propel the US dollar to new yearly highs and place the risk-associated universe under increased pressure at the start of a new trading week.The US dollar surged to fresh yearly highs well above …
Read More »
Gold is -0.85% down, trading around $2037 per ounce at the time of writing, obviously impacted by the rallying US dollar following surprise NFP reading on Friday.European equities gained after the US Nonfarm Payrolls reached a one-year high, pushing investors further away from rate cut expectations. The pan-European STOXX600 index …
Read More »
In January 2024, financial markets were active and turbulent, with investors initially rejoicing as inflation fell and sectors such as semiconductors saw big gains. However, a hawkish central bank and geopolitical concerns tempered confidence, while dropping oil prices and stricter investment conditions put adverse pressure on investors.Financial markets continued its …
Read More »
Gold prices successfully reached the initial target mentioned in the previous technical report, hitting $2065 per ounce, marking the highest level in the current upward wave. The current technical analysis suggests a potential continuation of the upward trend, supported by positive signals from the simple moving averages. Intraday trading stability …
Read More »
The US Bureau of Labour Statistics will release its jobs report for January on Friday, February 2, and economists and researchers predict a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 recorded in December. Investors’ focus now shifts to Friday’s nonfarm payrolls for further clarity on the future of …
Read More »
US treasuries rallied on Wednesday, owing to slower-than-expected hiring and a surprising loss from New York Community Bancorp, heightening concerns about the sustainability of US regional lenders. New York Community Bancorp wrote down poor bad estate loans, dropping its shares 36% and pushing down regional bank share values across the …
Read More »
In the previous trading session, gold exhibited a strong upward trend, meeting the initial targets outlined in the preceding technical report at $2040 and $2048, reaching its highest level at $2048 per ounce. From a technical standpoint, the $2048 level exerted negative pressure on the price, prompting a retest of …
Read More »
WTI crude oil was 1.35% higher, trading at $77.82 per barrel following a sharp correction decrease on Monday. The price of crude oil rebounded, bolstered as always by enduring geopolitical concerns in the Middle East and the Red Sea conflict.The week began well for gold prices, which briefly tested the …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
