US crude oil futures closed last week’s trading on a positive note, reaching a high of $71.47 per barrel. From a technical standpoint, the outlook remains optimistic, supported by the price’s ability to stabilize above the key support level of $70.60. Additionally, the RSI is showing attempts to gain further …
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Gold resumed its bullish momentum during the previous session, surpassing the official target of $2700 per ounce and recording its highest level at $2720. From a technical perspective, the current movement shows a slight bearish tendency due to encountering the pivotal resistance at $2720. However, a closer look at the …
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The EUR/USD pair attempted a recovery after several sessions of decline, hitting a low of 1.0330 before opening today’s trading with an upward gap. Technical Outlook: Indicators: The 4-hour chart reveals negative crossover signals from the Stochastic indicator, now in the overbought zone, coupled with continued downward pressure from the …
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Bitcoin’s journey towards the $100,000 mark represents a pivotal moment. The price movement of the world’s most famous cryptocurrency is driven by several factors, including institutional adoption, global economic uncertainty, and the inherent strength and security of the Bitcoin network. The recent significant rise is expected to accelerate the adoption …
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The US Dollar Index (DXY) experienced a slight pullback on Friday, November 22nd, after reaching a two-year high amidst ongoing geopolitical tensions. While the robust S&P PMI data underscored the resilience of the US economy, supporting the DXY’s upward trajectory, several factors contributed to its decline.Firstly, profit-taking emerged as a …
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The Pound Sterling has been under significant pressure in recent days, with the GBP/USD pair struggling to maintain its footing above the 1.2500 level. This decline can be attributed to a combination of factors, including disappointing UK economic data and escalating geopolitical tensions.Weak Economic Fundamentals Weigh on the PoundRecent economic …
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According to Tom Duff Gordon, vice president of Coinbase, the exchange will probably be able to provide services for smaller cryptocurrency tokens, such as meme coins. Because of his pro-crypto position, the executive expects industry expansion and regulatory certainty under Donald Trump’s administration. The SEC has accused Coinbase of running …
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Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US dollar and positive economic indicators from the United States. The US Dollar Index hit a two-year high, benefiting from the weaker Eurozone economy and strong US economic data.The geopolitical tensions between Russia and Ukraine continue …
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Analysts at UBS forecast sustained upward momentum in gold prices throughout 2025, driven by a combination of declining global interest rates and persistent geopolitical risks. These factors reinforce gold’s status as a reliable safe-haven asset while aligning with favorable macroeconomic trends. Key Drivers for Gold’s Rally Lower Interest Rates Central …
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European stock markets opened higher on Friday as investors kept a close eye on escalating conflict between Russia and Ukraine and assessed Germany’s downwardly revised economic growth figures for Q3. Market Overview Germany’s DAX: Up 0.6% France’s CAC 40: Up 0.5% UK’s FTSE 100: Up 0.7% Geopolitical Escalation: Russia-Ukraine Conflict …
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