European markets closed the week on a cautious note, with the pan-European STOXX 600 index slipping 0.2% by 09:22 GMT. Despite the decline, the index remains poised for a 0.7% weekly gain, as light trading activity marked the return of investors from New Year holidays. In country-specific moves, Swiss stocks …
Read More »Dow Jones faces selling pressure 3/1/2025
Oil, Crude, trading
Read More »GBP expected to decline further 3/1/2025
Oil, Crude, trading
Read More »USD/JPY negative pressure remains 3/1/2025
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Read More »Oil needs positive stimulus to continue rising 3/1/2025
US crude oil futures posted notable gains during the previous session, aligning with the positive outlook outlined in the prior report. The price reached the official target of 73.00, recording a high of $73.69 per barrel. Technical Outlook:The technical indicators continue to favor a bullish bias. The simple moving averages …
Read More »Gold is a positive 3/1/2025
Gold prices surged during the previous trading session, successfully breaching the strong resistance level highlighted in the previous report. This breach temporarily halted the downward trend and triggered a rise, with the metal reaching a high of $2665 per ounce, surpassing the initial targets of 2645 and 2657. Technical Outlook:A …
Read More »Euro touches official target 3/1/2025
As anticipated in the previous report, the EUR/USD pair extended its strong downtrend, achieving the target of 1.0250 and marking a low of 1.0220. Technical Outlook:A closer look at the 4-hour chart highlights continued bearish pressure from the 50-day simple moving average. However, the Stochastic indicator is beginning to show …
Read More »Market Drivers; US Session: King USD Rallies Near 2022’s Highs
On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …
Read More »A Murky Start to 2025: Dow Jones Stumbles Despite Jobless Claims Decline
The Dow Jones Industrial Average stumbled out of the gate in 2025, delivering a lackluster performance on the first trading day of the year. Despite a decline in US Initial Jobless Claims, which typically signals a healthy labor market, the index failed to sustain early gains, ultimately ending the day …
Read More »Mix of Progress After Grim Year of Uncertainty in the US Energy Sector
The U.S. oil and gas sector is at a crossroads. While recent data points to a modest improvement in business activity, a closer look reveals a complex and nuanced picture. The Dallas Fed Energy Survey, for instance, indicated a slight uptick in the company outlook index, suggesting a cautiously optimistic …
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