Oil prices ticked up Thursday, recovering a fraction of the prior session’s slide, as a larger-than-expected draw in U.S. crude inventories tempered bets that a potential Washington-backed framework to end the Russia–Ukraine war could add supply to an already well-stocked market. Brent crude rose 0.3% to $63.72/bbl by 07:14 GMT. …
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The First Batch of Core Employment Data (NFP) Is Released After the Government Shutdown This data release comes just one day after the Federal Reserve meeting, which was marked by significant caution regarding the future path of interest rates. Alongside the release, the U.S. Bureau of Labor Statistics (BLS) announced …
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After several down sessions, the index attempted a rebound, reaching a 46,516 high. Technical outlook 50-SMA (4H): Rolling over above price as a descending ceiling, consistent with the broader daily downtrend. RSI: Trying to stabilize around the 50 line, but positive momentum is not yet confirmed. Trade map (wait for …
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USD/CAD staged a bullish rebound after defending the 1.4000 psychological floor. Technical outlook SMAs: Have turned higher beneath price, adding constructive momentum. RSI: Prints positive signals, aligning with further upside attempts. Base case (bullish while above 1.4000) Holding 1.4000 keeps the topside favored. A clean break/4H close above 1.4065 would …
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Sterling extended losses in line with our prior view, breaking 1.3075 and printing a 1.3038 low. Technical outlook SMAs: Sitting overhead as dynamic resistance, curbing rebound attempts. RSI / pattern: Momentum remains negative and a bearish structure persists, reinforcing the daily downtrend. Base case (bearish continuation) A decisive break/4H close …
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WTI reversed lower after failing to hold above $60.00, sliding to a $58.70 low. Technical outlook 50-SMA (4H): Price is trading below the average, adding downside pressure. Pattern/structure: A developing bearish setup (with lower highs) supports continuation risk to the downside. Base case (bearish while below $60.00 / $60.45) A …
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Gold faded after a $4,132 spike in U.S. hours, sliding to $4,038 as sellers regained control. Technical outlook SMAs: Overhead and acting as dynamic resistance, likely capping recovery attempts. RSI: Continues to flash negative momentum, underscoring weak upside follow-through. Base case (bearish while below $4,110 / $4,117) Maintaining trade below …
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The pair extended its slide in line with our bearish view, meeting the 1.1520 target and printing 1.1510. Technical outlook Trend/SMAs: Price remains below the simple moving averages and under a descending trendline, keeping recovery attempts capped. RSI: Attempting to unwind oversold, but downtrend dominance persists. Base case (bearish while …
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Federal Reserve officials were sharply divided over whether to deliver another rate cut at the Dec. 10–11 meeting, minutes from the Oct. 28–29 FOMC gathering showed Wednesday, underscoring rising uncertainty after a weeks-long government data blackout and lingering inflation risks. At the October meeting, the Committee lowered the fed funds …
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U.S. equities stabilized after a multi-day slide, with the S&P 500 up 0.2%, the Nasdaq +0.3%, and the Dow −0.1%, as traders stayed guarded ahead of Nvidia’s results and the Federal Reserve’s October meeting minutes. Nvidia in focus Nvidia’s report after the bell is the session’s fulcrum. At roughly $4.41T …
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