Gold Price Forecast: XAU/USD Stalks Technical Support Around $1,870.
Gold prices have stalled in a narrow range of technical support and resistance between $1,870 and $1.880. With XAU/USD trading flat, breakout potential builds.
UK Consumer Sentiment Jumps in January YouGovCebr Survey
LONDON, Feb 10 Reuters British households39; expectations for their personal finances over the next 12 months recorded a record jump in January as wholesale gas prices fell, according to a monthly survey by market research company YouGov and economics consultancy Cebr. The overall YouGovCebr consumer confidence index rose by 2.4 points to 98.3, while the […]
British Pound (GBP) Fundamental Outlook for the Week Ahead
UK growth flatlined in Q4 2022 according to the Office for National Statistics (ONS) today, leaving Sterling caught in the growth vs. inflation conundrum.
Sterling Falls as UK Economy Grinds to a Halt in Late 2022
LONDON, Feb 10 Reuters The pound eased on Friday after data showed the UK economy ground to a halt in the final three months of 2022, avoiding a technical recession, but logging zero growth. Monthly British gross domestic product data for December a month marked by widespread rail strikes and bad weather showed a 0.5 contraction, the […]
Asia Gold Price Dip Sparks Buying in Key Hubs, China Premiums Firm
India discounts narrow to 18oz Local prices in India ease from record Feb 10 Reuters Physical gold buyers in some Asian hubs were drawn to a dip in domestic prices this week, while central bank demand kept premiums firm in China. Local gold prices in India hit as low as 56,496 rupees per 10 grams […]
FTSE 100 Posts Weekly Fall as Rate Hike Worries Linger
StanChart slides as FAB quashes takeover talks UK economy narrowly avoids recession in Q4 2022 FTSE 100 down 0.5, FTSE 250 off 1.2 Feb 10 Reuters UK39;s FTSE 100 closed lower on Friday as worries of high interest rates overshadowed data showing the British economy narrowly avoided entering a recession in the fourth quarter, while […]
Euro Bulls Get Reality Check, Investors Assess Rate Outlook
LONDON, Feb 10 Reuters Euro bulls might have to curb their enthusiasm after the rush to buy the single currency may have left it vulnerable in the short term, particularly given the uncertainty about many global central banks39; interest rate plans. The euro hit its highest in 10 months against the dollar earlier this month, […]
Euro Week Ahead: EUR/USD Downside in Focus With US CPI Ahead
The Euro suffered its worst 2-week drop since September as markets aligned themselves closer with what the Fed sees for tightening this year. EUR/USD faces US CPI next.
Russian Miner Nornickel 2022 Core Profit Down as Sales Drop
MOSCOW, Feb 10 Reuters Russian mining giant Nornickel said on Friday its earnings before interest, tax, depreciation and amortisation EBITDA fell 17 yearonyear in 2022 to 8.7 billion, as it grappled with a drop in sales and supply chain disruption. Nornickel is the world39;s largest producer of palladium and refined nickel. While it has not been […]
Lyft Shares Skid on Fears Uber Pulling Ahead
Feb 10 Reuters Lyft Inc shares fell 35 on Friday after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to rival Uber in the North American ridesharing market. Both the companies have been locked in a battle for market share coming off the […]