Gold Climbs Higher Despite Strong Headwinds. Forecast as of 29.10.2024
Amid record-high prices, China has significantly reduced its gold purchases. However, the market tends to seize every opportunity, and investors are eager to buy gold as there is no tomorrow.…
Ukraine’s key Pokrovsk coal mine still operating as Russian troops move closer
KYIV (Reuters) – The coal mine in the eastern Ukraine town of Pokrovsk, a supplier of coking coal vital for the steel industry, is still operating despite the approach of…
Dollar profits from Japan political uncertainty, pound awaits UK budget
By Amanda Cooper LONDON (Reuters) – The dollar hit three-month highs against the yen on Tuesday as the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections…
Dollar steadies ahead of key economic data deluge
Investing.com – The U.S. dollar steadied at elevated levels Tuesday before the release of a string of key economic readings this week, while Japanese yen remained near a three-month low…
Yemen’s Houthis launched drones towards Israel’s Ashkelon, spokesperson says
DUBAI (Reuters) – Yemen’s Houthis launched drones towards an industrial zone in the Israeli city of Ashkelon, the militant group’s military spokesperson said on Tuesday. The Yemeni fighters, who have…
Oil prices edge up as US reserve bid lends support
By Arunima Kumar and Emily Chow (Reuters) -Oil prices inched up on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic…
Hargreaves Lansdown Adds £1.5B in Market Gains Ahead of Takeover
The UK’s largest retail investment platform Hargreaves Lansdown (LSE: HL) reported a 6.9% increase in first-quarter revenue of fiscal year 2025 and solid client growth as it awaits completion of…
Prop Firm Traddoo Partners With TradersLaunch and Enters Futures Market
Prop firm Traddoo announced a strategic pivot to futures trading through a new partnership with TradersLaunch, marking a shift from its previous forex-focused business model. Traddoo Pivots to Futures Trading…
Short-term Analysis for Oil, Gold, and EURUSD for 29.10.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Forex Firms Hit With CFTC Fraud Charges Over $7.6M Pool
Federal regulators have filed charges against two Louisiana companies and their founder for allegedly orchestrating a multi-million dollar Forex (FX) trading fraud that targeted dozens of investors. CFTC Alleges $7.6…
