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Monthly Archives: April 2024

Unconfirm Explosion Stimulates Commodities Prices

Written on April 19, 2024 at 7:05 am, by

Market Summary The market was roiled by unconfirmed reports of explosions in Iran, Iraq, and Syria, adding to the already tense atmosphere following Iran’s recent attack on Israel over the weekend. Anticipation of potential retaliation from Israel contributed to heightened nervousness in the markets throughout the week. Gold prices surged above the $2400 mark, whileContinue Reading

Categories: Trading Knowledge

Unconfirm Explosion Stimulates Commodities Prices

Written on April 19, 2024 at 7:04 am, by

Market Summary The market was roiled by unconfirmed reports of explosions in Iran, Iraq, and Syria, adding to the already tense atmosphere following Iran’s recent attack on Israel over the weekend. Anticipation of potential retaliation from Israel contributed to heightened nervousness in the markets throughout the week. Gold prices surged above the $2400 mark, whileContinue Reading

Categories: Trading Knowledge

Oil Prices Plummet On Strong U.S. Crude Inventories Build-up

Written on April 19, 2024 at 6:49 am, by

Market Summary The U.S. dollar experienced a technical retracement, easing from its 2024 peak and breaking below the $106 mark. Despite this, robust U.S. economic performance and the Federal Reserve’s hawkish stance are expected to provide underlying support to the dollar. Concurrently, the easing dollar has allowed its peers to make gains, notably the JapaneseContinue Reading

Categories: Trading Knowledge

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