British inflation surged to its highest level in eight months this November, reaching 2.6% on an annual basis, compared to 2.3% in October. This marks a sharp climb from September’s 1.7%, the first time inflation dipped below the Bank of England’s (BoE) 2% target in over three years. While this …
Read More »Dow Jones tries to get positive signals 18/12/2024
Oil, Crude, trading
Read More »USD/JPY Gets Positive Signals 18/12/2024
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Read More »GBP retests resistance 18/12/2024
Oil, Crude, trading
Read More »Oil stable below resistance 18/12/2024
US crude oil futures experienced a sharp decline in the previous trading session, reaching a low of $68.84 per barrel. From a technical perspective, the outlook leans negative, supported by clear bearish signals from the Relative Strength Index, which remains below the 50 midline. Furthermore, trading remains stable below the …
Read More »Gold hits targets, eyes on Fed 18/12/2024
Gold prices fulfilled the anticipated negative outlook from the previous report, achieving the initial target at $2634 per ounce and recording a low of $2633. From a technical analysis perspective, a closer examination of the 4-hour chart reveals that the Stochastic indicator is gradually losing upward momentum. Additionally, the price …
Read More »Euro on sideways track 18/12/2024
The EUR/USD pair continues to exhibit narrow sideways trading, confined between support at 1.0470 and resistance at 1.0560. From a technical standpoint, the pair remains under pressure below the 50-day simple moving average, reinforcing the likelihood of a bearish continuation. This is further supported by the negative signals from the …
Read More »Market Drivers; US Session: Cautious Market Awaits Central Bank Decisions
As the year draws to a close, financial markets are navigating a period of heightened uncertainty, with investors closely monitoring the decisions of major central banks. The Federal Reserve’s interest rate decision on Wednesday is particularly significant, as it could have far-reaching implications for global markets.A Hawkish UndercurrentWhile the market …
Read More »Bitcoin A Little Below Record Price, Institutional Demand Surges
Bitcoin’s meteoric rise to a new all-time high of $107,793 this week has been fueled by a surge in institutional adoption. The most famous cryptocurrency is trading at $106,575 at the time of writing Corporate Appetite for BitcoinMicroStrategy’s Massive Purchase:Michael Saylor’s MicroStrategy has once again demonstrated its commitment to Bitcoin, …
Read More »Oil Slumps on Weak Global Economy Ahead of Looming Fed Rate Cut
Oil prices plunged to a one-week low on Tuesday, driven by concerns over weakening global economic conditions and the anticipation of a U.S. Federal Reserve interest rate cut. WTI crude oil is 1.44% down, trading at $69.66 per barrel, while Brent crude is 1.07% down, trading at $73.08 per barrel. …
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