Positive trading has re-emerged in the pair, supported by stability above the 1.3770 level. Technical Outlook: Relative Strength Index (RSI): Returning to send short-term positive signals, reflecting renewed buying attempts. Simple Moving Averages (SMA): Acting as dynamic resistance, still exerting pressure on the price from above. Probable Scenario:With mixed signals …
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The pair opened the week under pressure after touching the 1.3560 resistance level, which triggered a wave of negative trading. Technical Outlook: Relative Strength Index (RSI): The indicator is beginning to show early positive signs, likely reflecting temporary relief from oversold conditions, which may briefly limit additional downside pressure. 50-period …
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US crude oil futures opened with a bearish gap, touching a low of $62.44 per barrel during early trading. Technical Outlook: Simple Moving Averages (SMA): Pressuring the price from above, acting as dynamic resistance that may hinder recovery attempts. Relative Strength Index (RSI): Stabilizing below the 50 level, confirming the …
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Gold opened the session with an upward bias, recording a daily high of $3,697 per ounce, supported by favorable technical factors. Technical Outlook:Price action remains underpinned by stability above the simple moving averages, which continue to act as dynamic support for the uptrend. However, the Relative Strength Index (RSI) has …
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The pair reversed from the 1.1800 psychological resistance, recording 1.1792, with bearish momentum returning to dominate intraday movements. Technical Outlook:The negative crossover of the simple moving averages continues to act as dynamic resistance, weighing on price action. Although the Relative Strength Index (RSI) briefly cleared the oversold zone, it has …
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The FOMC’s 25 basis point rate cut on September 17, setting the benchmark at 4.00%-4.25%, unleashed a market rally, but as the week of September 22-26 looms, a provocative question persists: with US labor markets faltering, private nonfarm payrolls averaging just 29,000 over three months, a recessionary signal, and inflation …
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The global oil market is currently navigating a precarious equilibrium. On one side, the price of West Texas Intermediate (WTI) crude has settled near the mid-$62 range, reflecting a market that has priced in the latest economic data and central bank actions. However, this apparent stability masks a deeper vulnerability. …
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U.S. stock markets closed the week on a high note, with the Dow Jones Industrial Average and S&P 500 setting fresh record highs on Friday, September 19, 2025, fueled by the Federal Reserve’s recent quarter-point interest rate cut. The Dow climbed 172.85 points, or 0.37%, to 46,315.27, while the S&P …
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The EUR/USD pair closed Friday at 1.1744, down 0.35% from the prior session, capping a volatile week where the Euro stumbled amid French street protests and a resilient Dollar rebound. This dip—trading in a day’s range of 1.1729 to 1.1793—signals more than fleeting noise: Europe’s fiscal fractures are amplifying US …
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The Federal Reserve’s quarter-point rate cut on September 17, 2025, sliced through the tension like a knife: a measured bid to revive a labor market on life support, even as inflation clings to 2.6% above the target. San Francisco Fed President Mary C. Daly drove the point home the next …
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