TAG: popular-news
Natural Gas and Oil Forecast: Middle East Risks Elevate Bullish Oil Trends
Market OverviewOil prices experienced a surge, driven by promising demand indicators from China and the U.S., alongside escalating Middle East tensions impacting supply concerns. Improved manufacturing activity in China and the U.S. hints at a robust dema...
6 months ago
Gold, Silver, Copper Daily Forecast: XAU Hits $2,257; More Buying Ahead?
Market OverviewGold prices reached a new peak, with spot gold hitting $2,257 per ounce, despite the stronger dollar and U.S. manufacturing data indicating economic robustness. This growth dampened immediate rate cut expectations, elevating Treasury yields...
6 months ago
NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Pull Back From Session Highs As Treasury Yields Rise
SP500SP500 010424 4h ChartSP500 pulls back as traders react to the better-than-expected ISM Manufacturing PMI report. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4....
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Amid Rising Tensions In The Middle East
Natural GasNatural Gas 010424 Daily ChartNatural gas is moving higher as traders bet that it would not be able to settle below the key support at $1.60 – $1.65.If natural gas stays above the $1.80 level, it will head towards the resistance at $1.95 – $2.0...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Pulls Back After Testing New Highs
GoldGold 010424 Daily ChartGold pulled back from historic highs as U.S. dollar gained ground after the release of the better-than-expected ISM Manufacturing PMI report. It should be noted that demand for gold stays strong despite rising Treasury yields, w...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
ISM Manufacturing PMI Climbs Above 50, Beating Analyst Expectations
On April 1, 2024, the Institute for Supply Management released ISM Manufacturing PMI report for March. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4. Numbers above 5...
6 months ago
JOLTs Job Openings Meet Analyst Expectations
On April 2, 2024, the U.S. released JOLTs Job Openings report for February. The report indicated that JOLTs Job Openings remained unchanged at 8.75 million (the previous reading was revised from 8.86 million to 8.75 million). Analysts expected JOLTs Job O...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues
GoldGold 020424 Daily ChartGold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs.The bullish trend is strong. However, RSI remains in the overbought territory, so t...
6 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As Traders Stay Focused On The Middle East
Natural GasNatural Gas 020424 Daily ChartNatural gas is moving higher as the rebound continues. Colder weather forecasts provide support to natural gas markets.From the technical point of view, natural gas is moving towards the nearest resistance level a...
6 months ago
NASDAQ Index, SP500, Dow Jones Forecasts – Major Indices Retreat As Healthcare Stocks Dive
SP500SP500 020424 4h ChartSP500 pulls back as traders take profits near historic highs. The yield of 10-year Treasuries tested the 4.40% level in today’s trading session, putting additional pressure on SP500. Today, traders focused on JOLTs Job Openings r...
6 months ago
Natural Gas and Oil Forecast: Oil to Exhibit Buying Opportunity Today
Market OverviewOil prices fell over $1 per barrel as tensions in the Middle East subsided, with Brent dropping below $90. This decrease followed Israel’s partial troop withdrawal from Gaza and its engagement in ceasefire discussions, tempering fears of su...
6 months ago
Gold (XAU) Daily Forecast: Hits $2,354 Peak; Is More Buying on the Horizon?
Market OverviewThe Gold price surged, reaching a new peak at $2,354, despite easing Middle East tensions and Fed rate cut speculations. The leap was spurred by reports of increased Gold purchases by global central banks, with the People’s Bank of China no...
6 months ago