Gold prices hovered close to record levels on Monday, extending last week’s rally after weak U.S. labor market data reinforced expectations that the Federal Reserve could lower interest rates as early as next week. Spot gold was steady at $3,585.68 per ounce, just below Friday’s all-time high of $3,600.03. U.S. …
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The Dow Jones Industrial Average (DJI30) turned bearish after facing strong resistance near 45,560, triggering downside pressure and negative trades. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is pressing on the price from above, reinforcing its role as a resistance level that may limit further upside attempts. …
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The USD/CAD pair is moving with a bearish bias after retreating from the 1.3850 resistance level, which capped previous highs and pressured the pair into a short-term downtrend. Technical Outlook – 4-hour timeframe: Support is emerging near the 1.3800 level on short-term charts. However, the Relative Strength Index (RSI) has …
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The GBP/USD pair continues its gradual intraday recovery, attempting to consolidate above the key psychological support at 1.3500. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) has successfully exited oversold territory and is beginning to deliver positive signals that could restore bullish momentum. In addition, price action is …
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US crude oil futures (WTI) rebounded from the pivotal support at 61.60, with stability above this level reinforcing the intraday bullish wave. Technical Outlook – 4-hour timeframe: Holding above 61.60 provided the foundation for a solid rebound, with the Relative Strength Index (RSI) confirming renewed momentum after recovering from oversold …
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Gold prices (XAU/USD) reached a fresh all-time high at $3,600 per ounce before easing into a natural pullback driven by profit-taking. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) has begun to unwind from overbought levels, adding mild pressure on prices. However, the broader structure remains constructive, with …
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The EUR/USD pair experienced intraday profit-taking after failing to break through the key resistance at 1.1760, resulting in a limited bearish range. Technical Outlook – 4-hour timeframe: Intraday movements currently reflect a bearish bias as the pair corrected from overbought conditions. The Relative Strength Index (RSI) has begun to issue …
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Last week, the U.S. financial landscape was fundamentally reshaped by a single piece of economic data: a stunningly weak jobs report for August. The report showed a mere 22,000 jobs added, well below the 75,000 forecast, while the unemployment rate ticked up to 4.3%. For some, these numbers might signal …
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The price of West Texas Intermediate (WTI) crude oil has just hit a new low, trading around $61.87 a barrel. This sharp decline, extending a three-day losing streak, is a direct result of market anxieties swirling around the upcoming OPEC+ meeting. With Saudi Arabia reportedly pushing for a significant increase …
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It’s been an unusual week on Wall Street, and Friday was the strangest day yet. After a series of reports showed a softening labor market, the latest jobs report landed with a thud: the US economy added just 22,000 jobs in August, far fewer than anyone expected. Stocks, which had …
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