XAU/USD: Why Gold Prices Keep Rising and Whatβs Next
Spot gold prices climbed again on Thursday, driven by growing expectations that the Federal Reserve might start cutting rates by September as well as softer inflation figures and dovish hints…
Oil prices fall as strong dollar, worries over China weigh on sentiment
By Shariq Khan (Reuters) -Oil prices fell on Friday as a strong dollar, mixed economic signals and concern over China’s economy weighed on investor sentiment. Brent crude prices fell by…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 19.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The cryptocurrencies continue moving within a predicted range. The article covers the…
Euro Fails to Overcome Roadblocks. Forecast as of 19.07.2024
The July ECB meeting caused a certain level of lethargy in the markets, but the September meeting may inject a renewed sense of activity. Christine Lagarde hinted at this, and…
Rising cooling demand to keep coal plants online this year, IEA says
By Forrest Crellin PARIS (Reuters) – Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning…
Gold prices slide as dollar regains ground; Copper walloped by China fears
Investing.com– Gold prices fell sharply in Asian trade on Friday, dented by a mix of profit-taking and as speculation over a potential Donald Trump presidency and stricter U.S. trade policies…
Wait-and-see ECB boosts euro comeback as King Dollar’s crown slips
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Traders on Thursday kept the euro on course for a strong comeback as prospects for the European Central Bank turning cautious after…
Oil prices dip on China demand concerns, set for weekly loss
Investing.com– Oil prices fell in Asian trade on Friday, and were headed for a weekly loss amid persistent concerns over slowing demand in top importer China, while sentiment was also…
Oil prices set for second straight weekly decline
By Shariq Khan NEW YORK (Reuters) – Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the…
Asia FX weakens as US-China uncertainty dents yuan, favors dollar
Investing.com– Most Asian currencies weakened on Friday as fears of more trade ructions between the U.S. and China dented sentiment, with the dollar benefiting from safe-haven demand even as bets…
