| 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.
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Crude oil trading outlook: WTI and Brent futures climb ahead of US oil report, China data WTI and Brent futures were climbing during early trade in Europe today. A private survey suggested crude stocks dropped a sizable chunk last week, ahead of the official EIA report later today. Elsewhere, China posted some encouraging economic […]
AUD/USD erased earlier losses following RBA minutes Australian dollar managed to erase earlier losses against the greenback on Tuesday, after the release of Australian data and the minutes from Reserve Bank of Australias most recent meeting on policy.AUD/USD fell to a session low at 0.9284 […]
Commodities trading outlook: gold, silver and copper futures Precious metals received ample support from the crisis in Ukraine today. Yesterday the detailed report of the Federal Reserve’s April meeting offered strong backing for US stocks, lowering the investment appeal of gold and silver. Assets at […]
Gold trading outlook: futures continue downward ahead of Fed Chair conference, employment, manufacturing PMI Gold extended its slide during early European trading, after a turbulent session yesterday, which closed on-par with the previous. Later today Federal Reserve Chairwoman Janet Yellen will speak. Data on employment and manufacturing activity […]
AUD/USD off session highs after RBA decision On Tuesday Australian dollar came off session highs against its US counterpart to sink lower, following the Reserve Bank of Australia interest rate decision.AUD/USD reached a session high at 0.9251 at 0:30 GMT and took a gradual drop to […]
Forex Market: EUR/SEK daily trading forecast Yesterday’s trade saw EUR/SEK within the range of 9.2454-9.3228. The pair closed at 9.3143, gaining 0.47% on a daily basis.At 7:30 GMT today EUR/SEK was down 0.01% for the day to trade at 9.3051. The pair touched a daily low at […]