Advika

Stronger-than-expected nonfarm Payroll data and a declining unemployment rate show resilience in the US labour market. Renewed conflicts in the Middle East increase risk-off sentiment, potentially benefiting gold in the short term. The "cup and handle" pattern in gold's price action signals strong l

Important news for the day Chemical industry Recent figures from the chemical industry in Germany have been the lowest since 2009. The industry, which is considered as a leading indicator, might hence signal an increase of negative momentum of the economy. High taxes, energy prices and bureaucracy w

Gold shows stability above $2640. Jobs report awaited for further clues. Next resistance sits at $2655 & $2665. Local demand sits at $2632 & $2620. Gold seems to have formed a local demand base at $2620 and currently broke above $2650. Breakout and stability above $2632-$2635 is a positive s

EUR/USD has resumed its phase of decline after breaching below lower limit of recent range (1.0330), Societe Generale’s FX analyst note. EUR/USD resumes its decline“Daily MACD has started posting positive divergence, but signals of a meaningful bounce are not yet visible. The high achieved earlier t