Latest Market News
U.S. stock benchmarks closed sharply lower Thursday, with the Dow Jones Industrial Average slumping more than 600 points, amid renewed worries that Russia may soon invade Ukraine. The Dow DJIA, -1.78% ended about 1.8% lower, while the S&P 500 SPX, -2.12% dropped about 2.1% and the tech-laden Nasdaq Composite COMP, -2.88% slid around 2.9%, according […]
Yields drop on Ukraine concerns, weaker U.S. data Yields fell on Thursday, owing to fears of a Russian invasion of Ukraine and weaker-than-expected economic statistics from the United States. Treasuries have been trapped in a tug of war, with rates rising on expectations of aggressive Fed tightening, while news of escalation between Russia and Ukraine […]
Forecasts indicate that the demand for electricity in Sweden will grow in the coming years; So the government is building a fleet of offshore wind farms to meet its needs. In this context, the government is seeking to develop the offshore wind sector in Sweden to produce 120 TWh of electricity annually. The government revealed […]
Retail Sales Surge Higher in January US retail sales yesterday confirmed the health of the US economy over January. On the back of a bumper set of US labour reports and stronger-than-expected CPI, there was plenty of attention on yesterday’s retail sales release. The report showed that consumer activity jumped 3.8%, up from -2.5% in […]
Type: Bullish ContinuationKey levels:Resistance: 1920.2Pivot: 1920.2Support: 1854.3Preferred Case:Prices have recently broken out of our daily descending trendline and has experienced a trendline breakout. We see the potential for further bullish continuation from our Pivot at 1880.2 in line with 61.8% Fibonacci extension towards our 1st resistance at 1920.2 in line with 127.2% Fibonacci extension. Prices […]
• Gold broke key resistance level 1875.00 • Likely to rise to resistance level 1920.00 Gold continues to rise after the earlier breakout of the key resistance level 1875.00, which was set as the likely upward target in earlier forecast of this instrument. The breakout of the resistance level 1875.00 should accelerate the active short-term […]