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The precious metal gold fell sharply to 1,926 amid neutral FOMC meeting minutes from the United States. Gold is now gaining support around 1,926 levels, which is extended by a symmetric triangle pattern. Learn more about it in a gold price forecast video above.
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Nokia Oyj’s share price up, excludes its handset plant located in India from the 5.44-billion-euro Microsoft deal Nokia Oyj announced that the company has decided to exclude its phone factory located in India from the 5.44-billion-euro (7.5-billion-dollar) deal over the acquisition of its handset unit by Microsoft Corp. The reason for the companys […]
USD/SEK settles above 2-week low, posts weekly loss The USD/SEK currency pair settled above recent low of 9.4133, its weakest level since June 13th, as market players wagered that the Federal Reserve would likely lower interest rates more times and probably sooner than previously […]
Forex Market: GBP/USD daily forecast During Friday’s trading session GBP/USD traded within the range of 1.6790-1.6831 and closed at 1.6800.At 9:00 GMT today GBP/USD was gaining 0.27% for the day to trade at 1.6845. The pair touched a daily high at 1.6853 (the pairs strongest […]
Spot Gold recovers after 2% drop due to technical correction Spot Gold recouped a part of the loss from the prior trading day on Thursday, with a likely technical correction being underway. The 4-hour RSI indicated oversold conditions for the precious metal in late Wednesday trade.The yellow […]
US Steel shares fall the most in a month on Wednesday as UBS downgrades stock to “Sell”, assigns price target of $10 Shares of United States Steel Corporation (X) registered their largest single-session loss in a month on Wednesday, after UBS downgraded the steel giant from "Neutral" to "Sell". The firm also assigned a Street-low price target of $10 on […]
Goldman Sachs shares fall the most in a week on Tuesday, bank’s new consumer loans may reach $13 billion in three years According to a statement by Marty Chavez, Goldman Sachs Groups Chief Financial Officer, on Tuesday, the value of the banks new consumer loans may reach $13 billion during the upcoming three years through its Marcus on-line lending […]