Did you spot the triple top in gold ‘s price, along with its struggle to break past the 2000 mark? If a high-reward, low-probability trading opportunity piques your interest, this gold price forecast could be right up your alley. Just remember, always trade at your own risk! Gold technical analysis: Anticipating a short trade soon
Month: April 2023
A bank run can seemingly come out of nowhere but by the same token, it can evaporate just as quickly. Yesterday the shorts took at run at Metropolitan Bank with some success but shares have rebounded 23% today and the KRE regional bank ETF is up 0.2%. Undoubtedly, banks are wounded after the latest rout
An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, the Commerce Department reported Friday. That was below the 0.4% Dow Jones estimate
Share: A triple bottom in the EUR/USD daily chart remains in play but at a brisk of being negated. EUR/USD’s price action during the last couple of weeks created a double top, which could shift the pair’s bias. The Euro (EUR) drops from around weekly highs of 1.0925 on a buoyant US Dollar (USD) and
Gold prices eased on Friday as the dollar edged up ahead of key U.S. inflation data that could influence the Federal Reserve’s monetary policy path. FUNDAMENTALS * Spot gold was down 0.1% at $1,978.39 per ounce, as of 0043 GMT, after rising 1% on Thursday. U.S. gold futures fell 0.1% to $1,996.50. * The dollar
Last week, investors appeared to view the banking crisis as well-contained, pushing it into the rearview mirror. Confidence saw a revival, resulting in significant gains for major global stock indexes. In tandem with the lower-than-anticipated inflation figures from the US, market sentiment underwent a notable shift, paving the way for a fresh start in Q4,
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Today is quarter end. The USD is ending the quarter mixed with declines vs the EUR , GBP , CHF and CAD and gains vs the JPY, AUD and NZD. Below is a technical summary of the major pairs in what was an up and down quarter for all of the pairs. I also outline
The major US stock indices are closing the day near the highs for the day. The gains were led by the NASDAQ index which rose over 1.7%. A snapshot of the closing levels shows: Dow Industrial Average 415.12.41.26 percent at 33274.14 S&P index of 58.50 points or 1.44% at 4109.32 NASDAQ index up 208.43 points
A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and
Share: Gold price pulls back after spiking higher following lower-than-forecast US Personal Consumption Expenditure price data. Three Federal Reserve officials say more work needs to be done to bring down inflation. Never mind deposits, what about bank’s assets? Questions economist who sees crisis reviving and Gold exceeding $2,000. Gold may be forming a triangle in
El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office. When legalizing Bitcoin on Sept. 7, 2021, El Salvador President Nayib
COMEX gold prices started the week on a negative note, following reports that US authorities are considering expanding an emergency lending facility for banks, easing some concerns surrounding the financial sector. Risk sentiments improved and haven demand fell. US Treasury Secretary Janet Yellen told lawmakers that regulators would be prepared for further steps to protect