Oil, Crude, trading
Read More »Oil may extend gains 2/1/2025
US crude oil futures maintained an upward trajectory in line with the positive outlook outlined in the previous report, successfully reaching the anticipated target of $72.20 and recording a peak of $72.25 per barrel. Technical Outlook:The bullish bias remains dominant, supported by positive momentum from the simple moving averages and …
Read More »Gold tries to recover 2/1/2025
Gold prices are attempting a modest upward correction during the early trading sessions of this week, reaching a high of $2636 per ounce in today’s initial trades. Technical Analysis:A closer examination of the 4-hour chart reveals that the Stochastic indicator has entered overbought territory, coinciding with the price’s continued movement …
Read More »Euro tries with limited positivity 2/1/2025
The EUR/USD pair concluded last year’s trading with predominantly negative performance, aligning with the bearish scenario outlined in the previous technical report. The pair came within a few points of the anticipated target at 1.0330, reaching a low of 1.0340. Technical Overview:In today’s session, the pair attempted a limited upward …
Read More »China Adjusts Yuan CFETS Basket Weighting in 2025, Reducing Dollar’s Influence
The China Foreign Exchange Trade System (CFETS), overseen by the People’s Bank of China, announced significant adjustments to the yuan’s CFETS basket weighting effective January 1, 2025. These changes reflect a strategic shift in China’s foreign exchange policy, aiming to diversify the yuan’s value away from over-reliance on the U.S. …
Read More »Wall Street Retreats as Record-Breaking Year Closes
US stock indexes experienced a downturn on Tuesday, indicating a potential subdued finish for a year marked by significant gains. The S&P 500, after a brief initial rise, turned negative, declining by 0.6%. This follows two consecutive days of losses exceeding 1%. The Dow Jones Industrial Average also slipped, while …
Read More »Fresh US Sanctions Target Russia, Iran On 2024 Election Interference
The Treasury and State Departments said Tuesday that the Biden administration had placed additional penalties on Iranian and Russian organizations for their efforts to sabotage the 2024 election. In particular, the Treasury Department is enacting new sanctions against the Moscow-based Center for Geopolitical Expertise and its director, Valery Mikhaylovich Korovin, …
Read More »XAU/USD Holds Firm Above $2,600 as Year-End Trading Winds Down
XAU/USD is trading above $2,600 per ounce as the year draws to a close, though upward momentum remains limited. Risk-off sentiment spurred by the year-end market slowdown has provided some support for gold prices.Trading activity has been subdued in recent days as investors prepare for the New Year’s holiday, with …
Read More »Key Cryptocurrency Predictions for 2025: Navigating Uncertain Outlook
The cryptocurrency market experienced a remarkable surge in 2024, with the total market capitalization soaring to over $3.3 trillion, a nearly twofold increase from the previous year. Bitcoin, the dominant cryptocurrency, led this charge, gaining over 125% in value. This bullish sentiment was fueled by several key factors, including the …
Read More »What Can Markets Expect From Looming Fed’s 2025 Review?
In 2025, the Federal Reserve will undertake a comprehensive review of its monetary policy strategy and tools, a critical self-assessment conducted every five years. This review comes at a pivotal moment, following a period of historically high inflation and aggressive interest rate hikes.The previous framework update, conducted in 2020, introduced …
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