Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict. Brent crude futures were down 16 cents, or 0.2%, at $91.01 a barrel by 1335 GMT. U.S. West Texas
Benchmark treasury yields in US and Europe rise notably in a day of relatively slow news flow. At the same time, Copper is extending recent up trend while Gold edged higher to new record. European stock indexes are seeing appreciable gains, and US futures indicate a positive start. These development keeps Swiss Franc and Yen
The sun rises behind the Empire State Building on the day of the solar eclipse in New York City on April 8, 2024, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images Today marks a total solar eclipse that is expected to cross the United States as millions of
In this technical blog we’re going to take a quick look at the Elliott Wave charts of XLI ETF, published in members area of the website. As our members know XLI is showing impulsive bullish structure in the cycle from the 109.9 and we have been favoring the long side of the ETF. Recently, we experienced a
I am looking for Bitcoin to achieve a new all time high in the near future. See where it might find sellers. Bitcoin technical analysis: Getting ready for a new ATH. 🔍 Technical perspective for the crypto king: As I delve into the weekly Bitcoin chart, it’s clear that the bullish momentum continues to surge.
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 and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs
As Asian session unfolded, the forex markets have been relatively quiet. Precious metals, on the other hand, are making headlines with Gold soaring above new record high above 2350 mark and Silver also rallies significantly. Nikkei is having a notable rebound even though 40k psychological level could remain a strong resistance to cap upside. Oil
Mexican Peso strengthens against US Dollar, with USD/MXN dropping to 16.48 in reaction to upbeat US labor market figures. Despite a robust US jobs report, increased risk appetite drives equity gains, a tailwind for the Mexican currency. Fed officials maintain a cautious stance on rate adjustments, influencing market expectations for future monetary policy direction. The
Oil prices have been moving up since late December 2023 and are now (for Brent) forming a ‘Golden Cross’. This is a sign that technical analysts like, when a shorter-term moving average (MA) crosses above a longer-term MA: 50 and 200 day simple moving averages (SMAs) are commonly used, but those parameters are not chiselled
There isn’t juch on the data agenda for the Asia session to move around major FX too much – eyes will be on the headline feed. Note that with USD/JPY towards 152.00 again the probability of verbal intervention from Japan is higher again today. For those trading Australian and New Zealand markets also note that
Why can’t we think of benefiting from rising prices by participating in that trend as investors? Let me explain. I wrote to you about the rally in Gold prices more than a month ago. Now gold has rallied to all-time highs recently. Consumers who were planning to buy gold are worried as they will have
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday. The economist told CNBC that a longer-term, more strategic outlook could see policymakers settle on a
Silver’s surge to multi-year highs reflects strong precious metals momentum, undeterred by US job market. Technical outlook hints at more gains, with resistances at $27.50, $28.00. RSI dip may prompt support tests at $27.00, $26.12 for future direction clues. Silver soared sharply and finished the week with gains of close to 10%, hitting three-year highs
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
Oil cooled somewhat into the close after hitting the best levels in five months an hour earlier. I think those buying oil on a potential Iran-Israel war are taking an unnecessary risk in betting on an unknowable outcome. In general, the best trade is to fade war fears and that’s what the broader market did
Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders’ decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we’ll explore the common emotions
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau