The ECB’s report on harmonized wage rates, drawn from corporate data, stands out. In the second quarter, the average wage growth rate fell from 4.74% to 3.55%, which on one hand reduces the threat of a resurgence in inflation, but…
Hopes for increased demand in the world’s largest oil-consuming countries, combined with supply problems from North Africa and the Middle East, are fueling bullish attacks on Brent. The ongoing political crisis in Libya is leading to a reduction in exports…
Gold H4 price remains close to all-time peak, bulls not ready to give up yetFrom a technical perspective, the range-bound price action witnessed since the beginning of this week could be categorized as a bullish consolidation phase before the next…
The euro has not only returned to nearly 8-month highs but has also outpaced the U.S. dollar in the G10 currency race. EUR/USD quotes have been rising for five out of the last six trading days, but it’s unlikely that…
A Gold technical standpoint, the recent rebound from the 50-day Simple Moving Average (SMA) support and positive oscillators on the daily chart favor the bulls. Therefore, any price declines are likely to be limited, and could be viewed as buying…
Gold is trying to capitalize on a strong rebound from the previous day off the support of the 50-day simple moving average (SMA) or the weekly low. Additionally, expectations of interest rate cuts by the Federal Reserve may restrain U.S.…
جاپانی حکومت اور بینک آف جاپان تین دہائیوں میں اسٹاک کی سب سے بڑی کمی اور ین کی مضبوطی کے بعد ایک متحدہ محاذ پیش کرنے اور مالیاتی منڈیوں میں سکون بحال کرنے کی کوشش کر رہے ہیں، جس نے…
If we look at the 4-hour chart of the Gold commodity asset, there are several interesting things, namely the appearance of deviations between the movement of the Gold price and the MACD Histogram indicator and the Ascending Broadening Wedge pattern…
A combination of supportive factors helps gold attract buyers for the second consecutive day. The U.S. PCE (Personal Consumption Expenditures) price index data released on Friday showed a modest increase in June inflation, raising expectations for the Federal Reserve to…
Gold is trading around the psychological level of 2,400 and under a strong bearish trend. Yesterday after breaking the symmetrical triangle, the precious metal fell below 2,460, printing a loss of more than $60. So, the metal is expected to…
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