After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per troy ounce on the spot market on Friday. The price rise has approached 3% since the beginning of the week Read more…
Markets After Wednesday’s slightly higher than expected August (core) CPI , for a brief while it seemed that the debate on the magnitude of the inaugural Fed rate cut had been concluded in favour of Read more…
Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. Intraday bias in EUR/USD stays neutral at this point. Outlook stays bullish with 38.2% retracement of 1.0665 to 1.1200 at 1.0996 intact. Break of 1.1153 will Read more…
Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, Read more…
Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… Intraday bias in USD/CHF remains neutral for the moment. As long as 0.8548 resistance holds, further decline is expected. On the downside, firm break of 0.8374 Read more…
Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY’s decline resumed by breaking through 140.70 and intraday bias is back on the downside. Further fall should be seen to 139.26 fibonacci level. Decisive break Read more…
Yen continues to strengthen broadly today, maintaining its position as the best-performing currency of the week so far. Renewed speculation around a possible 50bps rate cut by the Fed has provided an extra lift to Read more…
Image: Alex Parkin / The Verge Sony’s new PlayStation 5 Pro appears to be very powerful. But at $700 — plus another $80 if you want to buy the disc drive accessory since the console Read more…
Fortnite maker Epic has already committed to supporting its iOS app store on iPads. | Image: Epic Games Apple will let iPad users in the European Union download apps from alternative app marketplaces starting next Read more…
Gold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds. Gold prices began to Read more…