Gold prices moved in a narrow range on Tuesday, holding steady near a record high. The ongoing crisis in the Middle East continues to influence investor sentiment, increasing interest in the precious metal.
Even though the US dollar is strengthening, gold is still showing resilience as US Treasury yields fall from multi-month highs. Reducing geopolitical tensions...
Dear investors,
We are currently at an important turning point, faced with the choice between reinvesting in gold - an investment that has eternal appeal, or going in another direction, exploring new opportunities.
Yesterday, gold experienced strong fluctuations, when the price fell below 2,325 USD/ounce. However, as if it were participating in a detective...
The GBP/USD pair is seeing a continuation of its strong downtrend, with the lowest since November 17 recorded during Tuesday's Asian session. Currently, GBP/USD is re-approaching the bottom of the monthly descending channel at 1.2440, and a test of this level is underway.
Last Friday's low of 1.2430 is also in the market's sights. A clear break through this...
Hello everyone! This week, GBP/USD has witnessed a slight recovery, climbing above the 1.2450 level after dropping to its lowest point in November at 1.2426 last week. The technical outlook still signals a downward trend, but easing geopolitical tensions may prolong the currency pair's recovery time.
Investors sought safe haven assets last week following reports...
EUR/USD has been falling for the past six sessions, trading around 1.0600 during the Asian session on Tuesday. The US dollar, supported by rising US Treasury yields, is asserting its strength, putting pressure on the pair.
When looking at the current situation, unstable economic factors in the euro area, along with the potential recovery of the US economy, are...
Let's all join in and devise a strategy to earn gold this week!
Last Friday, gold experienced a significant decline, plummeting nearly 1000 pips from $2431 to $2333. However, as we begin this week, gold has quickly regained its upward momentum, similar to recent trends. Currently, the price is hovering around $2360, after a 0.64% recovery today, equivalent to...
SAIL is breaking resistance which it has tested in last couple of days.
SAIL should be bought at 151.5rs.
For the TGT of 180rs.
SAIL is an government company so there is no fear of financials as such now.
If it fall from this level we can still average at 135rs.
Hey everyone, buckle up because yesterday was one challenging ride! Shortly after the CPI news was broadcasted, the EUR/USD pair took a nosedive straight into the red zone. Surprisingly, surprisingly - the US inflation data for March threw us a curveball, pushing the US dollar to its highest level in a year. This move put pressure on major currency pairs, causing...
The USD/JPY has surged to its highest level in decades, reaching 154.00 during European trading on Monday. The Japanese Yen continues to weaken amid uncertainty about future interest rate hikes by the Bank of Japan (BoJ). However, concerns about potential interventions and geopolitical tensions could impact the Yen, a traditional safe haven asset.
On the...
Hello everyone, are you curious about the current trend of EURUSD?
Today, EUR/USD has risen to nearly 1.0650, recovering from its five-month low of 1.0622 reached last Friday. The US dollar has strengthened due to increased buying pressure in the midst of political instability, which has put downward pressure on this currency pair.
The support level of 1.070 has...
Last week, the price of gold fluctuated between $2,300 and $2,360 per ounce until Wednesday. By Thursday, amidst escalating tensions in the Middle East, the upward trend became evident as gold reached a new peak above $2,400 per ounce. The momentum continued into Friday, reaching $2,431.59 per ounce before declining to around $2,355 to end the week.
The...
Hi everybody! Gold just experienced a volatile day yesterday, falling sharply to $2,330 before quickly recovering to $2,392, recording a spectacular increase of $62 in a short time. This strong recovery further reinforces the sustainable appeal of gold in the current context.
In a situation where inflation in the US is rising, the Federal Reserve's (Fed) ability...
As the trading week ended, gold showed no signs of slowing down in its recovery, approaching the key $2,400 mark and posting an impressive daily gain of 1.04%, or 240 pips.
Gold continues to benefit from strong market support, especially given the ongoing geopolitical tensions in the Middle East, which show no signs of easing. This confirms gold's status as a...
The GBP/USD pair continues to face selling pressure around the 1.2540 level, after bouncing back from its lowest point in 2024 at 1.2520. The selling of this major currency pair is driven by a stronger US dollar, which unexpectedly rose after the US Consumer Price Index data for March.
A quick look at the chart shows that the upward trend has been decisively...
On Friday morning of this week during the Asian session, the GBP/USD exchange rate stabilized at 1.2550. The market is excited with predictions that the Bank of England (BoE) may reduce interest rates ahead of the US Federal Reserve (Fed), which is putting pressure on the British Pound and the exchange rate. Today, UK GDP numbers for February and Michigan's...
Hello everyone, EURUSD today continued its downtrend, extending for the third day in a row, surpassing many support levels despite the appearance of a double top pattern. The support level at 1,072 could not stop the exchange rate from falling deeply.
The current outlook remains skewed in favor of sellers, as candlestick patterns closed below support and a slight...
Hello dear friends! Yesterday, gold faced some challenges in the context of a stronger US dollar. However, it still remains a focal point of interest for international investors.
After dropping to $2,330 per ounce, gold quickly rebounded within just 20 minutes, climbing back to around its previous price of $2,345 per ounce and stabilizing at around $2,331 at the...
The Japanese Yen has depreciated against the US Dollar this Wednesday, as the US released inflation data that was higher than expected. This development has pushed back the Fed's interest rate cut talks from June to September.
Furthermore, upon reviewing the latest FOMC minutes, it appears that US officials are wary of the inflationary pressures that are looming,...
