Gold price remains broadly firm on multiple tailwinds on Friday. Investors are divided over the size of Fed rate cuts in September. Fed officials acknowledge the softening of inflation and slowing labor demand. Gold price (XAU/USD) rises to near $2,430 in Friday’s New York session. The precious metal’s near-term outlook remains firm on strong speculation that the Federal…
Newsquawk.com Week Ahead12th-16th August 2024: Highlights include US CPI and Retail Sales; UK CPI, Jobs and Retail Sales; Aussie Jobs; RBNZ; China activity data and Japan GDP MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul) TUE: IEA Oil Market Report, Australian Wage Price…
Future FinTech Group has appointed Hu Li as the new Chief Executive Officer, effective August 5, 2024. In a statement released today (Friday), the company welcomed the new appointment, saying it signals a commitment to expanding its global footprint and strengthening its position in the financial and digital technology sectors. Leadership Transition Li, who has…
Piedmont Lithium (PLL), a developing lithium company, held its Q2 2024 earnings call, revealing a mix of progress and challenges. The company reported revenue of $13.2 million and a net loss of $13.3 million for the quarter. Despite the current market conditions with depressed lithium prices, Piedmont Lithium is advancing its operations and has achieved…
إختراق نسبة الذهب Breaking Gold Ratio Source link
2024.08.09 2024.08.09 XAUUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2364.60 with a growth target of 2560.00 – 2650.00. A buy signal: after the price returns above 2364.60. Stop Loss:…
The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level. S&P 500 chart analysis The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. The index has been…
By JustMarkets At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.76%, while the S&P 500 Index (US500) added 2.30%. The NASDAQ Technology Index (US100) closed positive 2.87% on Thursday. Stocks rose on Thursday after the weekly number of US initial jobless claims fell more than expected, indicating the strength of the labor market and easing economic concerns following last…
By RoboForex Analytical Department The EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s potential rapid recession and subsequent expectations about the Federal Reserve’s response. The broader market sentiment has increasingly leaned…
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