Key Highlights Gold price declined heavily below the $1,900 support. It could start a recovery if it clears the $1,840 resistance on the 4-hour chart. Crude oil prices corrected lower from the $95.00 resistance. The US ISM Services PMI could decline from 54.5 to 53.6 in Sep 2023. Gold Price Technical Analysis Gold price started […]
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Markets The rally in US Treasuries was briefly interrupted yesterday after the US House passed a budget resolution in a first important step towards extending tax cuts, stemming stagflation fears. The US-Ukraine mineral deal and Read more…
Nvidia continues to do an amazing job. The revenue grew 78% in Q4 compared to a year earlier and came in at $39.3bn, higher than the $38.5bn pencilled in by analysts. Net income hit $22.1bn, Read more…
In focus today In the US, 2nd estimate of Q4 GDP will be released in the afternoon. The flash release showed GDP growth cooling to 2.3%, but with private consumption growth remaining solid. Several Fed Read more…