Rohaan

Gold is currently reacting below a strong D1 resistance zone 4048 after showing a structure shift on M30. Price could pull back slightly toward 4016–4034 before sellers step in again. Sell Zone 1: 4016 Sell Zone 2: 4048 Strong D1 resistance) Target: 3940 – 3930 The bias remains bearish as long

The PMIs of business activity suggested a loss of momentum in the UK economy. Both the services and manufacturing indices fell well short of expectations, and while we are seeing modest growth in the former, the contraction in the latter is accelerating. Gilt yields continue to hover near multi deca

Copper's surge put miners in the driving seat today in London, but government shutdown risk looms in the US, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG. FTSE 100 advances on copper strength Gains in copper have given miners a boost this afternoon, which has resul

S2N Spotlight There has been a lot of talk in investment circles, with Morgan Stanley’s CIO coming out in favour of a 60/20/20 portfolio strategy with gold as a hedge. Here is a comparison chart of a 60/40 portfolio with an equity S&P 500 benchmark. As you can see, it dramatically underperforms

Euro (EUR) could retest the 1.1750 level before a more sustained recovery is likely; the major support at 1.1715 is not expected to come into view. In the longer run, momentum indicators are turning flat; EUR is likely to trade in a range of 1.1715/1.1855 for now, UOB Group's FX analysts Quek Ser Le