The stock market’s impressive July debut is carrying over the energy from 2024’s promising first half. Although strong earnings are anticipated for the upcoming quarter, several analysts believe notable growth predictions for the remainder of the year are unrealistic. This could signal a postponement of the probable decline in the …
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The US Federal Reserve will release its June 11-12 policy meeting minutes on Wednesday at 18:00 GMT. Investors will scrutinize the Fed’s hawkish hold and inflation outlook to gauge the timing of the expected interest rate cut this year. The Fed maintained its monetary policy settings for the seventh consecutive …
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European stocks enjoyed a boost on Wednesday, buoyed by Federal Reserve Chair Jerome Powell’s encouraging remarks and anticipation surrounding key political events in France and the UK. The pan-European STOXX 600 index rose 0.3%, marking its second gain in seven sessions. Investor sentiment was lifted by Powell’s comments regarding “significant …
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Asian stocks presented a mixed picture on Wednesday, with Japan’s Nikkei 225 index reaching new highs while Chinese markets faltered due to a disappointing reading on service sector activity. Japan’s Nikkei Takes the Lead Japan’s Nikkei 225 index surged by 0.9%, breaking the 40,000 mark for the first time in …
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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 prices reached our previously identified target of 84.20, peaking at $84.35 per barrel, before experiencing a slight pullback to retest the 83.00 level. Technical Outlook: Despite the recent correction, the technical outlook remains bullish. The 240-minute chart reveals that the simple moving averages (SMAs) are still …
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Gold prices continue to trade within a tight range, bounded by the 2317 support level and the 2340 resistance level. Technical Outlook: The technical outlook remains unchanged, with a bearish bias prevailing. The price continues to trade below the crucial 2340 resistance level (23.60% Fibonacci retracement) on the 240-minute chart, …
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The EUR/USD pair continues to exhibit sideways movement, remaining within the 1.0720 support and 1.0760 resistance levels for the fourth consecutive session. Technical Outlook: On the 4-hour chart, the pair is still consolidating below the key resistance level of 1.0760, which coincides with the 50.0% Fibonacci retracement. While the Stochastic …
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