COMEX Gold Technical Analysis on November 21st
At the end of the Asian session on Thursday (November 21), COMEX gold traded near $2662. On the basic level, the risk aversion caused by the Russia-Ukraine conflict continued to rise, which was an important reason for the rise of gold prices in the short term.…
- 2024-11-21
Technical Analysis of EUR/USD on November 21st
On Thursday (November 21), the EUR/USD traded around 1.0550 in the European session, with the US dollar index continuing to rise on a fundamental basis. On the one hand, the uncertainty of the geopolitical situation drove up the safe haven sentiment of the US dollar…
- 2024-11-21
Dutch International Group: Service sector inflation remains high, Bank of England will continue to cut interest rates
Service sector inflation is expected to rebound by around 5% before entering winter, while the overall CPI in January may approach 3%. This reduces the possibility of a rate cut in December, but in the spring, ING (Dutch International Group) believes that the Bank of England is still likely to accelerate its easing cycle.…
- 2024-11-21
After the Lantern Festival, we will welcome the wedding season, and the demand for gold in India may explode again!
Kavita Chacko, Head of India Research at the World Gold Council, stated that during Diwali, despite the record high gold prices, India's gold demand remained strong, and investment attractiveness supported strong gold sales.…
- 2024-11-21
ECB warns: Eurozone faces imminent debt crisis
In recent years, with the intensification of geopolitical tensions and the transition to green energy, the scale of debt accumulated by countries continues to accelerate. According to the European Central Bank, if the eurozone cannot reduce public debt, promote growth, and reverse "policy uncertainty," the eurozone will face the risk of another debt crisis.…
- 2024-11-21
The strong rebound of gold prices has boosted the confidence of institutions, shouting 'sprinting towards 3000 is not a dream'!
Gold has successfully broken through the key resistance level of $2650.…
- 2024-11-21
MT4FXTRADER earns 20-40 basis points per day
The system provides real-time and powerful trading signals to determine trend reversals.…
- 2024-11-21
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
