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The precious metal gold prices continue to trade bullish at 1,947 level amid sell-off in tech stocks such as amazon, Facebook and apple. For now, the violation of 1,950 resistance may offer us a quick buy trade — checkout the Gold price forecast to learn more about the trade setup.
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Gold trading outlook: futures extend moderate gains ahead of Fed meeting Gold edged up for a fourth session on Tuesday but gains remained limited by the prospect of a sooner interest rate increase by the Federal Reserve, holding near a three-month low.Comex gold for delivery in April was up 0.23% at $1 155.8 […]
Apple shares fall for a fourth straight session on Tuesday, Needham revises down Apple forecasts due to coronavirus impact Needham revised down its quarterly earnings and full-year revenue forecasts for Apple Inc (AAPL), citing an impact from the Wuhan-originated coronavirus on the tech giant's supply chain.The firm maintained a "Buy" rating and a 12-month […]
Commodities trading outlook: crude oil and natural gas futures WTI and Brent futures were still pressured during midday trade in Europe today, an hour ahead of the official EIA report on US oil inventories. Meanwhile, natural gas futures were also lower, correcting some of the massive rally of the past […]
WTI futures rise on US inventories data, demand outlook, China trade data West Texas Intermediate crude rose for a sixth day in seven after a private report showed a fifth consecutive decline in US distillate fuel inventories, drained down by severe cold weather across most of the country. A downward revised […]
Forex Market: GBP/USD rebounds from a nine-week low, dollar takes a breather ahead of CPI inflation data GBP/USD bounced from a nine-week low on Monday, which it hit during the late phase of the Asian session due to blood clot concerns surrounding AstraZeneca’s COVID-19 vaccine, which is considered key for the United Kingdom's aggressive […]
Forex Market: USD/CAD daily trading forecast Yesterday’s trade saw USD/CAD within the range of 1.2907-1.3039. The pair closed at 1.2936, falling 0.79% on a daily basis, or at the steepest rate since October 2nd, when a 0.90% drop was recorded. The daily low was a test of the low from […]