It’s been another choppy session for European markets, dropping to their lows of the day in the aftermath of the ECB’s decision to hike rates by 75bps, and hawkish comments from Fed chair Jay Powell.
Gold Price Short Term Forecast [08-09-2022]
Gold Price Short Term Forecast: The Gold (Yellow Metal) pair neared a critical Fibonacci resistance level before resuming its slide, the 61.8% retracement of its July/August rally at $1,730, a sign that bears are willing to add on spikes. In the daily chart, the bright metal is developing below bearish moving averages, while technical indicators hold within negative levels, the Momentum flat but the RSI turning lower, in line with further slides ahead.
MCX Crude Oil Blast, I Told You Buy 1000—500 lots, 6612 to 6739
MCX Crude Oil Blast, I Told You Buy 1000—500 lots 6612 to 6739 MCX Crude Oil Trading Tips: 👉 👉👉 Crude Oil Trading Tips: Trade With …
Gold Price Forecast Today: MCX Gold Trading Zone at Rs 50250—50950, Keep Eyes on ECB Monetary Policy
Gold Price Forecast Today: Gold gains ahead of the ECB meeting policy today where a 75bps rate hike is expected. Dollar index rally was overstretched and yesterday we saw some pullback in the safe haven currency and US 10 yr Treasury yield. This helped in all asset classes gaining some momentum on the upside including gold.
Crude Oil Trading Tips: Trade With 1000—500 Lots | Neal Bhai
Crude Oil Trading Tips: In the opinion of strategists at UBS, the recent weakness in the oil price –which has shaved 23% off Brent crude since the mid-June peak – is not justified by market fundamentals. Here are three reasons that highlights upside for oil.
Cotton Prices Trend Forecast: Expected Big Downward Start
Cotton Prices Trend Forecast: With early sown cotton-selling commencing in mandis in cotton-growing states including Gujarat, prices of the fibre in the domestic market have slipped below Rs 90,000 per candy (356 kg per candy) from over Rs1 lakh per candy in a span of a fortnight.
Bullion Forecast Today: Gold High 50685, Resistance Key 50800
Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.