Global Markets: News & Data: Markets Update: Asian markets ended mixed on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. The S&P/ASX 200 in Australia rose 0.5%, while the Hang Seng index in Hong Kong added 0.36%. However, the Nikkei 225 in Japan fell 0.2% and the Shanghai … Continue reading Tuesday 28th March 2023: Asian Markets End on Divergent Note as Banking Fears Subside and Oil Rallies
Gold Maintains Bullish Momentum, Could See Continuation Towards Resistance Levels
Gold’s overall momentum remains bullish, as the precious metal continues to trade above key support levels. Currently, gold is trading at around $1965.00 against the US dollar.
Global Markets: News & Data: Markets Update: Asian markets ended mixed on Monday as investors weighed the impact of the banking troubles in the U.S. and Europe. Deutsche Bank’s U.S.-listed shares plunged on Friday after the German lender’s credit default swaps spiked, sparking fears over the health of the European banking industry. The ECB President … Continue reading Monday 27th March 2023: Oil and Gold Prices Slip as Asian Markets Trade Cautiously
The XAU/USD chart is currently showing bearish momentum, with potential for a continuation towards the first support level at 1948, which is an overlap support level. If prices were to drop further, they could reach the second support level at 1881, which is also an overlap support level and coincides with the 61.80% Fibonacci retracement level.
Global Markets: News & Data: Markets Update: Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year. MSCI’s broadest index of Asia-Pacific shares … Continue reading Friday 24th March 2023: Banking woes weigh on Asian stocks, bonds see relief rally
