Oil prices edged lower in Asian trading Wednesday, with fragile support from signs Washington is poised to end the longest U.S. government shutdown on record outweighed by persistent fears of a looming supply glut and a resilient dollar. By 01:21 GMT, Brent January futures were down 0.2% to $65.04/bbl, while …
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European equities extended gains Wednesday, buoyed by signs Washington is close to ending the record U.S. government shutdown and by a steady stream of supportive corporate updates. By 08:10 GMT, Germany’s DAX rose 0.8%, France’s CAC 40 0.5%, and the U.K.’s FTSE 100 0.2%. Macro backdrop: shutdown optimism, cooler German …
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Most Asian equities advanced Wednesday, with Hong Kong leading on a sharp rebound in local technology names, while Japan’s Nikkei 225 struggled for traction as a steep drop in SoftBank Group offset cyclical strength. U.S. risk appetite provided a modest tailwind after cyclicals outperformed on Wall Street amid hopes the …
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The index pushed to a record high at 48,089. Technical outlook 50-SMA (4H): Trending beneath price, reinforcing the uptrend as dynamic support. RSI: Remains constructive, signaling scope for further upside. Base case (bullish continuation) A clean break/hold above 48,090 would likely extend gains toward 48,300, then 48,470. Alternative / pullback …
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USD/CAD — 4H Technical Update The pair sold off sharply, tracking a bearish double-top break. Technical outlook Trend/SMAs: Price is sliding within a steep downchannel, capped by descending SMAs acting as dynamic resistance. RSI: Firmly negative, consistent with sustained downside pressure. Base case (bearish while below 1.4040) Maintaining trade beneath …
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After four straight up sessions, the pair slipped, printing a 1.3117 low. Technical outlook RSI: Still sending negative signals. 50-SMA (4H): Price is holding above it, preserving some underlying support—hence the mixed read. Trade map (wait for confirmation) Bearish trigger: A decisive break/4H close below 1.3105 would likely extend losses …
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A bullish bias has re-emerged, with futures printing a $61.25 high. Technical outlook 50-SMA (4H): Price is holding above the moving average, keeping the uptrend intact despite a routine pullback on profit-taking. RSI: Attempting to turn higher, consistent with a resumption of upside momentum. Base case (bullish while above $59.90) …
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Gold extended higher after clearing $4,090, printing a $4,149 high. Technical outlook SMAs: Trending beneath price and supporting momentum from below. RSI: Back to constructive readings after resetting from prior overbought—consistent with a minor bullish wave. Base case (bullish while above $4,087) Holding $4,087 keeps the upside favored. A decisive …
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Price action has been mostly sideways with a slight topside bias, but the 1.1600 psychological barrier is still capping momentum. Technical outlook SMAs: Price is holding above the simple moving averages, which continue to underpin the bullish case on dips. RSI: Working off overbought readings and could turn constructive again …
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SoftBank has sold its remaining stake in Nvidia for $5.83 billion, marking a clear pivot toward artificial intelligence investments. The move comes on the heels of a remarkable quarterly performance, with profits more than doubling from the previous year, reflecting strong returns from its technology and AI-related holdings.The Japanese investment …
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