US crude oil futures faced heavy selling pressure in the last session, sliding to a low of $60.42 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to weigh on price from above, with the 50-day SMA converging near 61.80, reinforcing resistance. RSI: The index is in oversold …
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After reaching a record high of $3,897, gold prices faced heavy profit-taking, retreating to $3,819 before attempting to stabilize. Technical Outlook: 50-day SMA: Price action remains supported above the moving average, preserving the broader bullish structure. RSI: Currently sending negative signals, reflecting weaker momentum and creating intraday volatility. Trend Bias: …
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The pair moved lower in line with the previous bearish outlook, approaching the first downside target at 1.1665 and recording a low of 1.1683. Technical Outlook: 50-day SMA: Price action remains capped below the moving average, which acts as dynamic resistance, limiting upside potential. RSI: After a brief intraday rise, …
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Global oil markets faced a sharp downturn on Thursday, as the price of West Texas Intermediate (WTI) crude oil plummeted below the $61 per barrel mark, registering its lowest level in several months. This severe drop comes amid escalating concerns that a global supply flood is coinciding with a deterioration …
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The Canadian Dollar (CAD) isn’t just weak; it’s a testament to policy paralysis. Its recent tumble, pushing the US Dollar (USD) to trade near 1.39688—a level not seen in five months—isn’t a market blip. It is a clear indictment of the Bank of Canada’s (BoC) impossible “two-way trap,” a situation …
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The Japanese Yen (JPY) surged to a two-week high against the US Dollar (USD) on Wednesday, driving the USD/JPY pair down by approximately 0.5%. This significant move was primarily fueled by a sharp increase in safe-haven demand after the US government officially entered a shutdown.The resulting political uncertainty in the …
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The ongoing US federal government shutdown is casting a long shadow over global markets, prompting a partial rebound in the US Dollar after days of declines. This political impasse isn’t just a domestic headache—it’s amplifying economic uncertainties worldwide, especially as key data releases loom. With no end in sight, investors …
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Gold (XAU/USD) eased from record highs as the U.S. Dollar recovered, reflecting ongoing market uncertainty. The precious metal briefly touched an all-time peak near $3,895 on Wednesday before retreating to around $3,820 during the American session. Investors are watching closely how safe-haven demand responds to the broader U.S. economic context. …
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Two leading Federal Reserve officials are sounding alarms from different angles. Dallas Fed President Lorie Logan is pressing for restraint on further interest rate cuts, arguing that inflation remains a persistent threat. Meanwhile, Chicago Fed President Austan Goolsbee warns that the ongoing government shutdown has deprived policymakers of vital data, …
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As the U.S. government shutdown extends into October, markets are entering the final quarter of 2025 facing one of the most uncertain backdrops in years. The nonfarm payrolls (NFP) report—normally the most influential labor market release—will not be published on schedule, depriving investors of a key reference point for Federal …
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