| Updated: November 9, 2023
The precious metal gold prices continue to trade bullish at 1,947 level amid sell-off in tech stocks such as amazon, Facebook and apple. For now, the violation of 1,950 resistance may offer us a quick buy trade — checkout the Gold price forecast to learn more about the trade setup.
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Bank of America shares close higher on Thursday, 600 new Merrill Edge offices to be added in the next two years According to an announcement by Bank of America Corporation (BAC) on Thursday, in an attempt to expand its wealth management services for mainstream investors, it intends to open as many as 600 new Merrill Edge offices and hire 300 new […]
Forex Market: GBP/USD trading outlook for Tuesday (November 1st 2016) Yesterday’s trade (in GMT terms) saw GBP/USD within the range of 1.2144-1.2251. The pair closed at 1.2243, edging up 0.43% compared to Fridays close. It has been the 171st gain in the past 371 trading days and also a second consecutive […]
WTI futures close to 6-month low as U.S. crude supplies expand, output at 25-year high West Texas Intermediate crude fell to the lowest in six months on Wednesday following a series of mixed U.S. data and as the Energy Information Administration reported that U.S. crude oil inventories rose more than projected last week due to […]
USD/INR inches up, upside seen limited by equity inflows and dollar offers The USD/INR pair was slightly firmer on Friday, while trading not far from an all-time peak, but upside seemed limited by expected equity inflows and some dollar selling.The BSE Sensex and the Nifty 50 stock indices registered fresh […]
Natural gas futures trading outlook: prices hit 8-month low as mild weather persists Natural gas hovered near the lowest level in more than eight months as weather forecasts continued to call for below-seasonal readings across most of the high-consumption US areas, paving the way for a yet another larger-than-average natural […]
Commodity Market: US Crude Oil set for second week of gains, but revised down oil demand forecasts limit upside Futures on US West Texas Intermediate Crude Oil fell on Friday, but were still headed for a second weekly gain after the latest government data showed US crude oil stocks had dropped more than anticipated last week.On the other hand, […]