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Euro about to mark fourth weekly loss in row
Euro about to mark fourth weekly loss in row
Nov 3, 2024
Euro rose in European trade on Friday against a basket of major rivals, moving in a positive zone for the second day against the dollar and edging away from recent 3-⅕ month lows, following strong German data. Despite the gains, the euro is still heading for the fourth weekly loss in a row amid concerns about the interest rate gap...
US dollar gives up three-month high on profit-taking
US dollar gives up three-month high on profit-taking
Nov 3, 2024
The US dollar fell in European trade on Thursday against a basket of major rivals away from three-month highs, on track for the first loss in four days amid active profit-taking as US 10-year treasury yields stall. Now investors await a batch of important US data later today that will shed light on the health of the US economy in...
Yen about to mark fresh weekly loss ahead of general elections
Yen about to mark fresh weekly loss ahead of general elections
Nov 3, 2024
The Japanese yen rose in European trade on Friday away from three-month lows against the US dollar, amid active short-covering, while US 10-year treasury yields slowed down. Despite the gains today, the yen is still heading for a weekly loss, ahead of the Japanese parliamentary elections during the weekend, with opinion polls indicating the governing LDP could lose its majority....
Loonie declines after aggressive BOC interest rate cut
Loonie declines after aggressive BOC interest rate cut
Nov 3, 2024
The Canadian dollar fell against most major rivals after an aggressive step taken by the Bank of Canada today. The Bank of Canada today announced an interest rate cut of 50 basis points to 3.75% as expected. The BOC expects the global economy to expand by 3% in the next two years, and for the US economic growth to be...
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Natural gas price attacks the resistance – Forecast today – 7-6-2024
Natural gas price attacks the resistance – Forecast today – 7-6-2024
Jun 7, 2024
Natural Gas Price Analysis Expected Scenario Natural gas price benefited from providing positive momentum by stochastic yesterday, forming a new bullish wave that pressed on the resistance near 2.880$, which represents the initial positive target in the previous report. The main stability above the extra support level at 2.520$, and the attempt of forming extra support at 2.700$, make us...
Update: Silver price breaks the support
Update: Silver price breaks the support
Jun 7, 2024
Silver price trades with clear negativity to break 31.00$ level and attempts to hold below it, which makes us stay aside until the price confirms its situation according to this level, as confirming the break will push the price to continue declining and visit 30.06$ as a first negative target, while trading above it again will reactivate the bullish trend...
Update: Gold price tests the support
Update: Gold price tests the support
Jun 7, 2024
Gold price faces negative pressure now to attack the key support line at 2340.10$, which urges caution from the upcoming trading, as continuing the decline and breaking this level will put the price under the correctional bearish pressure again, to pave the way to achieve negative targets that reach 2272.06$. On the other hand, it is important to be cautious...
Platinum price keeps the bearish track – Forecast today – 7-6-2024
Platinum price keeps the bearish track – Forecast today – 7-6-2024
Jun 7, 2024
Platinum Price Analysis Expected Scenario In spite of the mixed trading on Platinum price, its repeated negative stability below 1015.00$ confirms the domination of the bearish track, forming new bearish moves to settle near 995.00$. Breaking the 50% Fibonacci correction level at 983.00$ will open the way towards resuming the negative trading, with extra targets stable near 950.00$ reaching 920.00$....
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