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Oil, Crude, trading

WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …

Gold prices reached new historical highs in the previous trading session, surpassing our target of 2450 and reaching a peak of $2483 per ounce, validating our bullish outlook. Technical Outlook: The technical outlook remains strongly bullish. The price has successfully consolidated above the previously breached resistance level of 2450, which …

The EUR/USD pair has continued its upward trajectory, reaching our previously identified target of 1.0950 and peaking at 1.0948, confirming the positive outlook outlined in the previous technical report. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is trading within an ascending price channel, …

The US Dollar declined to new four-month lows due to additional foreign exchange (FX) intervention by the Bank of Japan (BoJ), stronger expectations of rate cuts, and improved sentiment in risk-related assets.On Thursday, the European Central Bank (ECB) is likely to keep its policy rates unchanged, with investors closely monitoring …

A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West …

A return to 203.00 was seen in the GBP/JPY as markets began to expect further market intervention. On Wednesday, the Yen surged against the Pound Sterling by a whole percentage. This comes after a sharp 2% decrease and spike in BoJ spending last week. The GBP/JPY pair resumed its recent …

Gold prices have fallen to $2,457 after reaching an all-time high of $2,483 because of profit-taking. Fed officials, led by Governor Christopher Waller, signal potential rate cuts, suggesting a downward trend for the Fed funds rate. The US Dollar Index drops to 103.72, its lowest level since March 2024, while …

In July, there won’t be any surprise rate cut, and all eyes are now on September. Following the June rate cut, the European Central Bank (ECB) is expected to keep interest rates unchanged during its July meeting. Policymakers emphasize that the June cut does not imply a linear reduction in …