US Dollar DXY reduced losses on strong Q2 GDP data. The US economy seems to be holding up, but dovish bets on the Fed are still in place. The Fed continues to take a data-dependent approach in the interim and holds off on making any cuts very soon. Following a …
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American Airlines has slashed its profit forecast for the year due to a backfired sales plan and an industry-wide glut of flights. The carrier’s profit fell 46% during the second quarter, even though revenues rose. The company expects to earn an adjusted 70 cents to $1.30 per share this year, …
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The U.S. dollar continued to weaken on Thursday, with the Dollar Index, which measures the greenback against a basket of six other currencies, dropping 0.2% to 103.950 as of 05:25 ET (09:25 GMT). This decline extended the dollar’s losses from the previous session. Dollar Retreats Ahead of Key Economic Data …
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Nissan Motor’s first-quarter financial results took a significant hit on Thursday, with nearly all of its profit wiped out due to aggressive discounting strategies in the United States. The company’s results fell well below analyst expectations, causing its shares to drop 7%. For the April-June period, Nissan reported an operating …
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Oil prices edged lower on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a possible ceasefire deal in the Middle East outweighed the previous session’s gains. The gains had been driven by larger-than-expected declines in U.S. crude inventories. Brent crude futures for …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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During the previous trading session, US crude oil futures encountered a psychological resistance barrier at $78.00, which dampened the upward momentum. From a technical perspective, today’s outlook leans toward negativity, supported by a bearish technical structure on the 4-hour chart and the simple moving averages indicating ongoing negative pressure from …
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In the previous report, we maintained a neutral stance due to conflicting technical signals, noting that stability above the 2410 resistance level might lead gold prices to target 2426 and 2438. Gold prices reached 2432, achieving the first target. Today, from a technical perspective, gold prices have rapidly declined after …
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