Crude prices surged in Asian trade Friday after reports that a Ukrainian drone strike damaged infrastructure at Novorossiysk, a key Russian Black Sea export hub, adding a fresh supply-risk premium just as markets brace for new U.S. sanctions on Moscow’s largest oil firms. At 03:03 GMT, Brent January futures rose …
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The Dow Jones Industrial Average (DJI30) suffered sharp losses on Wall Street, impacted by widespread profit-taking after a record-breaking rally. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) supports the upward trend and acts as a support level, attempting to push the price higher. …
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USD/CAD is under pressure after two steep down sessions, now testing the 1.4000 psychological support. Technical outlook Trend/SMAs: Price is tracking a sharp downtrend, capped by descending simple moving averages that act as dynamic resistance. RSI: Clear negative momentum signals align with the bearish structure. Base case (bearish while below …
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Sterling fell for a second session after failing to hold above the 1.3200 psychological level, shifting near-term momentum negative. Technical outlook RSI: Still printing negative signals despite oversold readings—consistent with a dominant downtrend. 50-SMA (4H): Price is holding above the moving average, offering some underlying support—hence the mixed picture. Trade …
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WTI rebounded firmly in the prior session, printing a $60.62 high. Technical outlook SMAs: Price has temporarily shaken off pressure from the simple moving averages, reducing immediate downside drag. RSI: Rebound follows an oversold reading, supporting a short-term recovery attempt. Base case (bullish while above $58.75) Holding $58.75 keeps the …
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Gold chopped within a wide range, sliding to $4,145 after tagging $4,245. Technical outlook SMAs: Still trending beneath price and supporting momentum from below. RSI: Reset from prior overbought and remains constructive, keeping scope for another topside attempt. Base case (bullish bias while above $4,155 / $4,145) Holding $4,155—and more …
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The pair extended its constructive grind, meeting the 1.1660 objective and printing a 1.1665 high. Technical outlook SMAs & structure: Price holds above the simple moving averages and tracks an ascending trendline, reinforcing the corrective bullish bias. RSI: Working off overbought; may turn supportive again in the near term. Base …
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Switzerland is ramping up its diplomatic and business efforts in Washington to tackle the crushing 39% U.S. tariffs on its exports—the steepest in Europe. After initial attempts by Swiss officials to sway President Trump failed, a November visit by Swiss business leaders appears to have shifted the conversation.Swiss ministers in …
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Wall Street tumbled sharply on Thursday, with major U.S. indexes pulling back from recent record highs as investor caution resurfaced following the end of the historic six-week government shutdown. The Dow Jones Industrial Average fell nearly 700 points, retreating below 48,000, while the S&P 500 slipped 1.7%, and the Nasdaq …
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The President of the Federal Reserve Bank of St. Louis, Alberto Musalem, delivered a measured outlook on the U.S. economy and monetary policy during a recent forum in Indiana. He emphasized that current policy is closer to neutral than restrictive, while highlighting the resilience of the economy despite ongoing challenges.Musalem …
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