Trading Signals for GOLD (XAU/USD) for May 8-10, 2024: buy above $2,312 (21 SMA - symmetrical triangle)
Early in the European session, gold is trading around 2,310.68 forming a bearish bullish pennant pattern on the H4 chart.
Gold has been trading within a symmetrical triangle pattern formed...
Growth continues: Wall Street in green for third day in a row
American stock indices ended trading higher on Monday, marking their third consecutive positive session. Investors are once again raising hopes that the Federal Reserve may cut interest rates this year.
Global stock indicators also...
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th
EUR/USD
Analysis:
The weekly chart scale of the major European currency pair shows that the dominant descending wave of recent months is nearing completion. The wave structure...
Gold edges lower as Middle East tensions ease
The yellow metal continues to decline, plunging investors into gloom and prompting them to reassess their trading strategies. However, some analysts are confident that the precious metal will rebound in the near future, viewing its decline as a...
Hot forecast for EUR/USD on April 18, 2024
In the absence of economic reports or other news that could affect the market, investors finally paid attention to the dollar's overbought condition. So, there was nothing to prevent the local correction, which, by the way, is still far from over. The...
Trading Signals for GOLD (XAU/USD) for April 16-18, 2024: sell below $2,390 (21 SMA - 61.8% Fibonacci)
Yesterday during the American session, gold reached a low of 2,325, the level that coincided with the 200 EMA and from that area, it gained a strong bullish momentum, jumping by more than $50...
CRASH ON WALL STREET: INFLATION VS. RATE CUT
On Wednesday, American stock markets experienced a decline, reaching minimum closing levels against the backdrop of published inflation data, which exceeded experts' expectations. The figures dampened investor optimism that the US Federal Reserve...
Financial future on the horizon: US stocks rise ahead of consumer price news
On Tuesday, ahead of the release of key inflation data, the Nasdaq and S&P 500 indices showed moderate growth, despite a decline in the financial sector. This happened ahead of the reporting season for leading US...
The main events by the morning: April 1
Sales of Russian gas for rubles brought the country an income of 2.3 trillion rubles. According to Eurostat and the UN Comtrade platform, Hungary, Italy, Greece and Slovakia became the main buyers of gas from Russia under the new conditions. However, some...
S&P 500 breaks records: the most successful quarter in the last five years
Amid the latest economic data, the S&P 500 ended the week with positive dynamics, marking its best quarterly result in the last five years. Investors are optimistic about the future, awaiting new information on...
On the verge of inflation: how the Dow Jones and S&P reacted for the third session in a row
On Tuesday, amid expectations of important economic releases during the short holiday week, US stock markets fell, marking the third consecutive decline for the Dow Jones and Standard & Poor's 500...
The main events by the morning: March 26
Bitcoin has returned to the area above $71 thousand. A day earlier, investment guru Jim Roger said that the cryptocurrency would collapse to zero. He does not see any long-term value in it, believing that the crypt will disappear.
The United States has...
Changes to the trading schedule – March/April 2024
We’d like to inform you that due to public holidays celebrated in March/beginning of April, there will be changes to the trading schedule.
Please refer to the table attached on the site to see all the changes and plan your activities accordingly.
Wall Street's decline driven by tech sector and Fed rates
The global stock index also showed a decrease on Friday, setting a course for a weekly decline after seven consecutive weeks of gains, while the dollar strengthened, heading for its most significant weekly gain since mid-January as the...
US election: Wall Street at a crossroads
The S&P 500 and Nasdaq indices ended the trading session in the negative on Friday, retreating from the record highs reached during the day. This decline occurred against the backdrop of a decline in the sector of chip manufacturers and mixed data on the...