Gold appreciates with risk appetite returning as geopolitical fears ease.. Hopes that the Fed might hint towards monetary easing on Wednesday keep US Treasury yields near mid-term lows. XAU/USD needs to break the $2,400 resistance to cancel the broader bearish structure. Gold price (XAU/USD) found buyers after a moderate pullback on Monday. The precious metal
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The price of crude oil is settling at $75.81. That is down $-1.35 or -1.75%. The high-priced today reached $77.69. The low price was at $75.35. The low was the lowest since June 7. Fundamentally, summer doldrums with weak demand from China is being offset by Middle East violence. Technically looking at the daily chart,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Precious metals opened flat in today’s session with gold August futures contracts at Rs 68,272 per 10 gram, which is up by merely 0.01% or Rs 4 while silver September futures contracts were trading at Rs 81,450/kg, up by 0.2% or Rs 163. Gold prices have recovered by nearly Rs 900 from its low of
Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they are unlikely to cause substantial movements in Euro. Traders’ attention is firmly on tomorrow’s FOMC rate decision and the accompanying
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s fast food restaurant in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty Images After a challenging second quarter, McDonald’s executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals,
EUR/USD lost grip of the 1.0850 level, poised for further downside. EU GDP data due on Tuesday as Fed rate call looms ahead. US NFP jobs data dump slated for Friday as markets bet on September rate cut. EUR/USD lost control of a near-term bullish recovery, testing into fresh two-week lows near the 1.0800 handle
When technical levels overlap and find sellers (or buyers) leaning against that level, it should raise an antenna for traders as a “key risk focused level”. That is, if the price cannot get back above that level, the sellers (or buyers) are in control. Moreover, if multi-time frames (i.e. daily, or 4-hour , hourly, etc)
Dallas Fed Details: General business activity -17.5 vs -15.1 prior Company outlook -18.4 vs -6.9 prior Prices paid +23.1 vs +21.5 prior New orders -12.8 vs -1.3 prior Shipments -16.3 vs +2.8 prior Employment +7.1 vs -2.9 prior Overall, the details and the commentary are notably worse than the headline. I wonder if Hurricane Beryl
Gold prices firmed on Monday amid expectations of a U.S. rate cut in September and rising geopolitical tensions in the Middle East, while focus shifted to the Federal Reserve‘s policy meeting due later this week. FUNDAMENTALS * Spot gold was up 0.5% at $2,397.65 per ounce, as of 0025 GMT. U.S. gold futures climbed 0.7%
Dollar’s rally is gaining significant traction today, as major European currencies face increasing selling pressure. The break of last week’s lows in both EUR/USD and GBP/USD pairs suggests that the greenback’s rise is poised to extend further in the near term. However, the sustainability of this rally will largely depend on market reactions to critical
In this article F GM STLA Follow your favorite stocksCREATE FREE ACCOUNT New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT – The last time shares of Ford Motor dropped by more than 18% in a
The US Dollar (USD) is expected to trade in a range between 153.20 and 154.70. Weakness in USD appears to be stabilising; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX analysts Quek Ser Leang and Peter Chia note. Closest resistance is at 154.70 24-HOUR VIEW: “After USD plummeted
As the North American session begins, the AUD is the strongest and the JPY is the weakest. That combination reverses what has been more of a familiar theme with the AUD (or NZD) weakest and the JPY the strongest. Not surprisingly, there is a rebound in US stocks in the pre-market which is helping the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold August futures contracts at MCX opened flat on Monday at Rs 68,160 per 10 gram, which is down by merely 0.04% or Rs 26 while silver September futures contracts were trading at Rs 81,700/kg, up by 0.4% or Rs 329. The prices of gold have fallen by Rs 3,400/10gm in July so far while