The Dow Jones Industrial Average extended its downward trend in line with our negative outlook, reaching the targeted level of 48,145 and recording a low of 47,818. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) is now exerting clear downward pressure, reinforcing the short-term …
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The USD/CAD pair is attempting a positive rally after several consecutive sessions of decline, retesting the 1.3790 resistance level. Technical Outlook – 4-Hour Timeframe The pair has retested a key descending trendline and established a strong negative pressure level. The simple moving averages continue to exert downward pressure on the …
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The GBP/USD pair posted positive performance during the previous trading session, reaching a high of 1.3428. Technical Outlook – 4-Hour Timeframe: Price action remains above the 50-day simple moving average, while the Relative Strength Index (RSI) is gradually returning to positive territory on shorter timeframes, supporting the recovery attempt. As …
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US crude oil futures continued their downward trend for the second consecutive session, as we anticipated, reaching a low of $55.10, the lowest level in five years. Technical Outlook – 4-Hour Timeframe: The price is moving along a steep downtrend line, reinforcing the bearish trajectory, while the simple moving averages …
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Gold prices continue to trade within a narrow sideways range, fluctuating between $4310 and $4345, reflecting the absence of a clear near-term direction amid cautious and anticipatory market sentiment. Technical Outlook – 4-Hour Timeframe: Simple moving averages continue to support a positive short-term bias, indicating an underlying upward tendency, although …
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The EUR/USD pair continues its gradual upward trend, reaching a high of 1.1758 during the previous session. Technical Outlook – 4-Hour Timeframe: The pair has formed solid support near the psychological level of 1.1700, supported by continued trading above the simple moving averages, which are acting as dynamic support. Price …
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Global energy markets saw a noticeable uptick in oil prices as rising geopolitical tensions fueled fresh concerns over supply disruptions, particularly in Venezuela and Russia. The renewed uncertainty has injected a risk premium into crude markets, pushing prices higher despite mixed fundamental signals.U.S. benchmark crude gained around 1.4%, adding nearly …
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Investors are closely watching the release of the November inflation report, which marks the first official reading since the end of the longest government shutdown in U.S. history. The data is expected to offer fresh insight into price pressures at a time when uncertainty continues to cloud the economic outlook.The …
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Gold prices climbed sharply, breaking above the $4,330 level as investors sought safety amid a mix of economic uncertainty and rising geopolitical tensions. The precious metal’s advance reflects a renewed appetite for defensive assets at a time when confidence in global stability appears fragile.The rally followed mixed signals from the …
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The Japanese yen weakened in Wednesday’s trading, with the dollar/yen pair rising by around 0.7%, as renewed concerns over Japan’s fiscal policy overshadowed recent positive momentum in the currency and put fresh pressure on its performance.The decline followed reports that the Japanese government is considering a record budget exceeding 120 …
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