Analysis of Foreign Exchange Gold and Crude Oil Trends on November 21st
Analysis of Foreign Exchange Gold and Crude Oil Trends on November 21st
- 2024-11-21
With the intensification of the Russia-Ukraine conflict, why has the rise of oil prices been blocked for many times?
On Thursday (November 21), US crude oil maintained a slight rebound during the Asian session, trading around $69.10 per barrel. Fundamentally, EIA data showed that US crude oil inventories increased for the third consecutive week, with an increase of 500000 barrels last week, exceeding the expected 400000 barrels.
- 2024-11-21
Why do experts say 'the central bank should not be prevented from cutting interest rates' when UK inflation rises?
An economist from the Institute for Economic Affairs (IEA) in the UK stated that despite the acceleration of inflation in October, the Bank of England should still accelerate the pace of interest rate cuts.
- 2024-11-21
EUR/USD showdown at the end of the year: UBS bullish vs. JPMorgan bearish, who will laugh the last?
UBS strategists say that the EUR/USD is expected to rise above its current level by the end of the year.
- 2024-11-21
Is the Bank of Japan preparing for another interest rate hike? Pay attention to the five major issues
The Bank of Japan ended negative interest rates in March and raised its short-term policy target level to 0.25% in July. Bank of Japan Governor Kazuo Ueda stated on November 18th that the economy is moving towards sustained wage driven inflation, which is the latest sign that another interest rate hike is imminent.
- 2024-11-21
Investors are seeking safe haven, gold prices hit a new high in a week, and Russia's latest measures to limit the decline in oil prices
On Thursday (November 21), spot gold trading was around 2649.27. Regarding geopolitical hedging, it still supports gold prices. Russia has taken a "mirror style" measure against countries that freeze Russian assets
- 2024-11-21
Short term trading strategies for major currencies on November 21st
Technically speaking, the US dollar index encountered resistance on Wednesday when it rose below 106.95, and was supported when it fell above 106.05, indicating that the US dollar may maintain its upward trend after a short-term decline.
- 2024-11-21
Worries over the Russia Ukraine situation envelop the market, with gold prices rising for three consecutive days! Or pointing to the middle track of the Bollinger Bands
At the beginning of the Asian market on Thursday (November 21), spot gold fluctuated narrowly and is currently trading around $2649.57 per ounce. Gold prices rose for the third consecutive trading day on Wednesday
- 2024-11-21
Australian Market Slightly Lower
- 2024-11-21
FTSE 100 Gains Despite Inflation Uptick
- 2024-11-21
FTSE 100 Slips As Geopolitics Weighs
- 2024-11-20
Yen Falls Against Majors
- 2024-11-20
Japan Has Y461.2 Billion Trade Shortfall
- 2024-11-20
CAC 40 In The Green As War Clouds Fade
- 2024-11-20
CAC 40 In The Green As War Clouds Fade
- 2024-11-20
Technical analysis of USD/JPY, AUD/USD, and NZD/USD on November 20th
On Wednesday (November 20th) during the European trading session, the US dollar index closed at 106.6848, an increase of 0.48%.
- 2024-11-20
Geopolitical risks intensify, short-term outlook for crude oil bullish
On Wednesday (November 20th) during the European trading session, crude oil prices rose on Wednesday, driven by technical support and intensified geopolitical concerns. With changes in key levels and increasing tensions abroad, traders are closely monitoring signals of potential breakthroughs.
- 2024-11-20
