Tuesday 21st March 2023: Asian Stocks Rise Ahead of Fed’s Next Interest Rate Decision
Global Markets: News & Data: Markets Update: Asian stock markets followed […]
Tuesday 21st March 2023: Technical Outlook and Review
The XAU/USD chart shows a bearish overall momentum, but price could potentially rise towards the 1st resistance in the short term before reversing off it and dropping towards the 1st support. The 1st support level is at 1957.28, which is a pullback support level with a 23.60% Fibonacci retracement.
Monday 20th March 2023: UBS-Credit Suisse deal fails to lift Asian markets amid contagion fears
Asian markets fell on Monday despite a weekend rescue deal for Credit Suisse and a coordinated effort by central banks to ease liquidity strains in the global banking system. Investors remained wary of the potential fallout from the collapse of Silicon Valley Bank, which has triggered a confidence crisis in the financial sector.
Monday 20th March 2023: Technical Outlook and Review
Gold prices have been under bearish pressure for quite some time now, and the overall momentum of the XAU/USD chart remains bearish. There are several factors contributing to this bearishness, such as the downtrend being reinforced by a major descending trend line.
Friday 17th March 2023:Asian Markets rebound as global bank crisis fears ease
Global Markets: News & Data: Markets Update: Asian stock markets rose […]
IC Markets Europe Fundamental Forecast | 17 March 2023
IC Markets Europe Fundamental Forecast | 17 March 2023 What happened […]
Friday 17th March 2023: Technical Outlook and Review
XAU/USD is currently bullish. The chart analysis identifies that the price may potentially make a bullish continuation towards the 1st resistance level. The 1st support level is identified at 1913, which is considered to be an overlap support and at the 23.60% Fibonacci retracement level.
Thursday 16th March 2023: Asian markets fall amid banking woes and rising inflation fears
Global Markets: Asian Stock Markets : Nikkei down 0.80%, Shanghai Composite […]
Thursday 16th March 2023: Technical Outlook and Review
XAU/USD is bearish, and the price could potentially make a bearish reaction off the first resistance level at 1937.00 and drop to the first support level at 1890.00. The first support level at 1890.00 is an overlap support level coinciding with a 38.20% Fibonacci retracement, which may provide strong support for the price if it drops
