US crude oil (WTI) futures advanced at the start of the week, reaching $63.63 per barrel, though the upward momentum still requires confirmation. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support prices from below, providing a solid base for the current move. However, early signs …
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Gold prices (XAU/USD) extended their bullish momentum in the previous session, posting fresh record highs at $3,689 per ounce after surpassing the prior peak of $3,678. This confirms strong buying interest and clear investor control over the prevailing uptrend. Technical Outlook – 4-hour timeframe: Relative Strength Index (RSI): Although firmly …
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The EUR/USD pair remains under bullish control, reaching 1.1786 during the session and approaching the psychological barrier at 1.1800. Technical Outlook – 4-hour timeframe: Intraday movements show a mild pullback due to natural profit-taking after the prior rally, with the Relative Strength Index (RSI) issuing negative signals from overbought levels. …
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The U.S. Dollar Index (DXY) is currently trading at 97.343, down 0.28% for the day. This recent decline is part of a broader weakening trend for the dollar. Over the last month, the DXY has fallen by 0.86%, and the losses are even more significant over longer periods, with the …
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The global economic narrative is dominated by a high-stakes question: can the Federal Reserve navigate a soft landing? The data presents a contradictory picture. On one hand, the U.S. labor market is showing clear signs of cooling, with recent reports indicating softer job gains and a rise in initial jobless …
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President Donald Trump has reignited the debate over corporate financial reporting, advocating for an end to mandatory quarterly earnings reports in favor of a semi-annual schedule. The proposal, which was made public on social media, calls on the Securities and Exchange Commission (SEC) to make this significant change. According to …
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Crude oil prices are currently locked in a persistent trading range, a reflection of the significant and often conflicting forces at play. Despite geopolitical tensions that suggest prices should be rising, the market remains skeptical. For instance, West Texas Intermediate (WTI) crude is trading around $63.27 per barrel, showing a …
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The British Pound has been gaining ground against the U.S. Dollar, with the GBP/USD pair now trading above 1.3600. This rally is driven by a key dynamic: the expected divergence in monetary policy between the U.S. Federal Reserve (Fed) and the Bank of England (BoE). While the Fed is widely …
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Euro has been on a strong upward trajectory against the U.S. Dollar, with the EUR/USD pair now trading above 1.1760. This rally comes as the U.S. currency faces broad-based pressure, driven by overwhelming market expectations that the Federal Reserve will lower interest rates at its upcoming meeting. This dynamic reflects …
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The Countdown to the Fed’s Decision Gold’s recent surge has propelled it to a new all-time high, with prices trading above $3,680 and setting sights on the $3,700 mark. This impressive rally is fueled by a confluence of factors, but its sustainability hinges on one key event: the upcoming Federal …
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