© Reuters. A view shows a Russian one rouble coin in front of a screen displaying the Spasskaya tower of the Moscow Kremlin in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo (Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on
Share: OPEC countries’ new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the US and the Eurozone. The Eurozone is getting poorer relative to the US The new strategy of the OPEC countries, with their production cuts, will result in
Gold, XAU/USD, Silver, XAG/USD – Outlook: Next support for gold: 1805, 1785, 1720. Bearish head and shoulders pattern triggers in silver. What is the outlook and the key levels to watch? For a detailed discussion on the fundamental and technical outlook on precious metals download DailyFX’s fourth quarter trading guide. It’s free! Recommended by Manish
British Pound, GBP/USD, GBP/JPY – Technical Update: Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound appears to be increasingly vulnerable against the US Dollar and Japanese Yen from a technical perspective. On the daily chart below, GBP/USD has continued making downside progress in the aftermath of a bearish Head & Shoulders
Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Another push higher in Treasury yields kept risk sentiments broadly in check, as the US 10-year yields surged to touch another new high since 2007 at 4.68%. A lesser-than-expected contraction in US manufacturing purchasing managers index (PMI) reading (49 vs 47.8 est), along
💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold. At the same time, the price is approaching the next support, and this time
Share: GBP/USD remains on the defensive near a multi-month trough touched this Tuesday. A combination of factors lifts the USD to a fresh YTD top and weighed on the major. The BoE’s surprise pause continues to weigh on the GBP and favours bearish traders. The GBP/USD pair is seen oscillating in a narrow