The U.S. dollar dropped to a one-month low against the yen and faced pressure from other major currencies on Thursday as concerns about the U.S. economic outlook fueled expectations of a substantial interest rate cut from the Federal Reserve in the coming week. The yen reached a one-month high earlier, …
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European stocks continued their downward trend for the fourth consecutive session on Thursday, as investors remained cautious, awaiting key economic data from the eurozone and tracking U.S. labor market figures to assess the Federal Reserve’s future interest rate decisions. As of 0715 GMT, the pan-European STOXX 600 index dipped by …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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US crude oil futures extended their losses during the European trading session, reaching the first official target of $69.00 and recording a low of $68.85 per barrel. From a technical perspective, oil found solid support near $69.00, leading to some temporary gains. However, a closer look at the 4-hour chart …
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Gold prices saw positive attempts within the expected upward trend mentioned in the previous report, reaching a high of around $2,500 per ounce. From a technical standpoint today, after achieving the official target of $2,470 earlier this week, we note that the price has stabilized above this level, encouraging clear …
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The EUR/USD pair found strong support near 1.1040, as previously noted, with the continuation of the bearish corrective trend hinging on a decisive break below this level. The pair managed to close above 1.1040, reaching a high of 1.1095. From a technical perspective today, the 4-hour chart shows the pair …
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As markets anticipate a larger-than-expected rate cut by the Federal Reserve later this month, recent economic data suggests a slowdown in the US labor market, supporting the rate cut expectations. The Euro strengthened against the dollar as the US dollar’s value declined. Key economic indicators for the Eurozone, including factory …
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US stocks experienced a mixed session on Wednesday, with the S&P 500 and Nasdaq Composite slipping while the Dow Jones Industrial Average held steady. This comes amid ongoing concerns about economic growth and a sluggish start to September, a historically challenging month for markets.Nvidia’s recent market value plunge has reignited …
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