country flagالعربية
0

Gold is trading near its highest level in a week

2019-03-11 01:32 pm | Resource: NEWS | No Views : 39



Gold prices fell slightly on Monday after rising 1% on Friday after data showed that US employment growth almost stopped in February.

US stocks vary and Boeing shares fall more than 10% in the pre-sale market

Stocks in the US were mixed in pre-market trading on Monday amid fears of a global economic slowdown. Weaker-than-expected data from China and the US were released last week as the country's trade conflict continued, while the European Central Bank lowered its growth forecast in the euro zone as well.

In trade, the Chinese government canceled President Xi Jinping's visit to Mar Lago where he was scheduled to meet US President Donald Trump to formalize the trade agreement. However, officials are still promoting progress in the talks so far.
  • The Dow Jones Industrial Average was down 0.61%.
  • While the S & P 500 gained 0.18%.
  • While the Nasdaq 100 rose 0.25%.

Meanwhile, Boeing shares fell more than 10 percent in pre-sales, following an Ethiopian Airlines crash that killed 157 people on board the company's 737 MAX 8. The incident prompted the Civil Aviation Administration of China to suspend all Boeing 737 Max flights.

The dollar remained steady in European trading as investors awaited a large number of data this week for further signs of expectations for the world's largest economy.

The euro rose 0.13% against the dollar at 13:25 CET to trade at 1.1246.

Precious metals trading
  • Spot gold fell 0.2 percent to $ 1,296.10 after briefly reaching $ 1,300 for the first time since March 1 the day before.
  • Gold futures in the US fell 0.2 percent to $ 1,296.15 an ounce.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 18 March 2019

(CURDE OIL - WTI ) Time frame Used - four hours Oil is moving in a bullish direction in the near term. Oil finally managed to breach the important resistance level of 57.87 to the upside as the bulls managed to control the oil movement to break through trading range to upside ,to reach the level of 58.95 where the oil is facing some selling Pressure around this level. In…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.