| Updated: November 9, 2023
The precious metal gold is looking to trade bullish above 1,944 level amid weaker U.S. dollar. The Federal Reserve Chair Jarom Powell is expected to keep policy dovish for the extended period, driving bullish bias the precious metal gold. Check out the gold price forecast video to learn more about it.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Copper little changed near five-week low on QE outlook, Euro zone industrial production Copper was little changed in European trading after falling to a five-week low during the Asian session amid broad expectations that the Federal Reserve will pare its monetary stimulus after FOMCs upcoming meeting next week. Downbeat […]
WTI futures hold near three-week high on Cushing inventories, supply concerns West Texas Intermediate crude traded near the highest level in three weeks and is set for a second weekly gain as supplies at the biggest US storage hub fell to a two-year low and a possible escalation in tension surrounding Ukraine threatened […]
Forex Market: EUR/HKD daily forecast During Friday’s trading session EUR/HKD traded within the range of 10.4583-10.4923 and closed at 10.4854.At 6:06 GMT today EUR/HKD was gaining 0.1% for the day to trade at 10.4956. The pair touched a daily high at 10.5027 at 4:30 GMT, […]
UBS could slash up to 30% of jobs after Credit Suisse takeover, report says According to a report by Switzerland's Tages-Anzeiger over the weekend, citing a senior UBS executive, the bank formed after UBS Group's takeover of Credit Suisse is set to cut its workforce by 20% to 30%.Nearly 11,000 jobs in […]
SolarEdge Technologies to cut workforce by 400 SolarEdge Technologies Inc (NASDAQ: SEDG) said on Monday that it intended to dismiss 400 employees, with 200 of them being based in Israel, as it seeks to restore profitability.The move is to affect all departments and includes cuts in […]
Gold Slips as Traders Lock In Gains Ahead of Key Fed Decision Key Moments
Spot gold declined 0.3% to $4,191.55 an ounce and U.S. Gold Futures for February also eased 0.3% to $4,219.46 in Asian trading.
Futures markets reflected nearly a 90% implied probability of a 25-basis-point rate cut […]