| Updated: November 9, 2023
The precious metal gold is trying to violate the symmetric triangle pattern and gain support at 1,919 level. Overall, the trading bias seems bearish as the dollar is getting stronger amid a positive NFP report from the last week. Checkout the gold price forecast to learn more about the trade setup.
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Spot Gold eases as investors look for more Fed rate clues Spot Gold was a notch weaker on Monday, with market focus setting on more macro data out of the US this week, including the key Non-Farm Payrolls report.The latest US PCE inflation figures still supported expectations that the Federal […]
Walt Disney shares gain the most in a month on Monday, “Frozen II” becomes the 6th Disney movie to surpass the $1 billion mark this year Walt Disney's "Frozen II" has now earned more than $1 billion since its debut and has become the sixth movie from the studio, along with "Captain Marvel," "Aladdin," "The Lion King," "Avengers: Endgame" and "Toy Story 4" to achieve this in […]
Commodity Market: US Crude Oil recovers from one-week lows after report of mortar shelling in Ukraine Futures on US West Texas Intermediate Crude Oil recovered from a one-week low, registered earlier on Thursday, after a report by Russian state news agency RIA of mortar shelling in Ukraine.Separatists in eastern Ukraine, backed by […]
Natural gas trading outlook: futures set for weekly drop on mild weather, stockpiles Natural gas was little changed on Friday and headed for a weekly drop following a slightly bearish inventory report by the EIA and forecasts for widespread comfortable temperatures that would keep demand limited.Natural gas for delivery in […]
Forex Market: EUR/NZD daily forecast During Friday’s trading session EUR/NZD traded within the range of 1.5970-1.6106 and closed at 1.6046.At 6:37 GMT today EUR/NZD was losing 0.16% for the day to trade at 1.6020. The pair touched a daily low at 1.6009 at 6:10 […]
Gold trading outlook: futures trade not far from 1-month lows ahead of Yellen’s statement, US Consumer Confidence Index On Monday gold for delivery in June traded within the range of $1,210.00-$1,224.80. Futures closed at $1,224.40, surging 0.63% on a daily basis. It has been the 20th gain in the past 39 trading days. The daily low has been the lowest level […]