Gold below key barriers ahead of next week’s FOMC policy announcement Technical signals cannot promise a meaningful rally Gold has been in a tight range within the 2,016-2,030 region so far this week, struggling to Read more…
Bullish Scenario: Consider buying at levels 1.3428 or 1.3462 with take profit targets at 1.3990 (TP1), 135.00 (TP2), and 1.3510 in extension (TP3). It is recommended to set a stop loss (S.L.) below 1.3410 or Read more…
In its latest monthly report, Bundesbank issued a cautionary message about China’s current economic struggles and their potential impact on Germany. The report notes that China is grappling with “significant economic problems,” and the relationship Read more…
Updated at 7:17 AM EST AT&T (T) – Get Free Report posted softer-than-expected fourth-quarter earnings Wednesday and forecast muted 2024 profit tied to a write-down of some of its legacy telecom equipment as it moves toward Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher again Wednesday, potentially setting up the S&P 500 for its fourth consecutive record, as tech stocks continue to lead gains and investors Read more…
UK PMI Manufacturing rose from 46.2 to 47.3 in January, a 9-month high. PMI Services rose from 53.4 to 53.8, an 8-month high. PMI Composite rose from 52.1 to 52.5, a 7-month high. Chris Williamson, Read more…
USDJPY fails to surpass 148.50 resistance Rebounds off 140.20 still intact However, RSI and MACD suggest negative correction USDJPY has been struggling to surpass the 148.50 resistance level over the last five days after the Read more…
Market picture Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite. In Read more…
Cable bounced above 1.2700 mark on Wednesday morning, keeping bullish bias after Tuesday’s close in red and indecision signal from strong rejection on both sides. Fresh strength cracks again pivotal barriers at 1.2710/20 (converged 10/20DMA’s/Fibo Read more…
Eurozone PMI Manufacturing rose from 44.4 to 46.6 in January, a 10-month high. However, PMI services fell from 48.8 to 48.4. PMI Composite rose from 47.6 to 47.9, a 6-month high. Cyrus de la Rubia, Read more…