Under Trump’s presidency, as the Chinese economy is more dependent on exports, making tariffs more potent. However, it is less reliant on American markets and increasingly bent on self-sufficiency. Chinese leaders are directing investment into robotics and aviation to accelerate industrial advances. The balance of power has shifted in favour …
Read More »Market Review: Euro Dips to 4-Month Low Against Dollar Amid Tariff Fears and U.S. Policy Uncertainty
The euro fell to its lowest level in 4 and a half months against the U.S. dollar on Monday, as concerns about potential U.S. tariffs weighed heavily on the currency and investors reacted to growing uncertainties surrounding U.S. economic policy under President-elect Donald Trump. At 10:00 GMT, the euro was …
Read More »Oil Prices Hold Steady as U.S. Storm Concerns Subside and China’s Stimulus Plan Falls Short
Oil prices remained relatively unchanged on Monday, as concerns over potential supply disruptions from a storm in the U.S. Gulf of Mexico eased, and disappointment over China’s stimulus plan weighed on expectations for future fuel demand growth in the world’s second-largest oil consumer. By 07:14 GMT, Brent crude futures were …
Read More »European Stocks Rise Amid Wall Street Momentum and Federal Reserve Rate Cut
European stock markets kicked off the week on a high note, buoyed by record gains from Wall Street and recent moves by the U.S. Federal Reserve to lower interest rates. By 03:10 ET (08:10 GMT), key indices showed robust gains: Germany’s DAX was up 1.1%, France’s CAC 40 increased by …
Read More »Bitcoin Reaches New Record High, Driven by Optimism over Trump’s Election Win and Fed Rate Cuts
Bitcoin extended its record-breaking rally on Monday, spurred by favorable sentiment following Donald Trump’s victory in the 2024 presidential election. The world’s largest cryptocurrency reached an all-time high of $81,792.4 before settling slightly lower at $81,193.4 by early morning trading. Trump Victory Fuels Optimism for Cryptocurrencies The surge in Bitcoin …
Read More »Dow Jones Repeats Upside Chances 11/11/2024
Oil, Crude, trading
Read More »USD/JPY resumes rising 11/11/2024
japanese-yen
Read More »GBP continues to decline 11/11/2024
Oil, Crude, trading
Read More »Oil settles below support 11/11/2024
US crude oil futures experienced a significant decline last week, hitting a low of $69.95 per barrel. Technical Analysis: Bearish Momentum: Oil prices are under negative pressure, with intraday trading staying below the 70.60 resistance level. The price continues to trade under the 50-day simple moving average, reinforcing the bearish …
Read More »Gold: Negative pressure persists 11/11/2024
Gold prices remain under continuous bearish pressure, registering a new session low at 2666 per ounce in morning trading. Technical Analysis: Bearish Trend Confirmation: The break below the 2674 level, corresponding to the 61.80% Fibonacci retracement, reinforces the downside momentum. Additionally, the price struggles to overcome the 2700 psychological resistance, …
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