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Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …

Gold prices maintain their upward momentum, successfully consolidating above the key psychological level of 2400 and reaching a high of $2439 per ounce, surpassing our previous target of 2434. Technical Outlook: The technical outlook remains strongly bullish. The price is holding above the 2400 support level, and the simple moving …

The EUR/USD pair continued its upward trajectory, reaching our previously identified target of 1.0915 and peaking at 1.0922 during the first trading sessions of this week. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is receiving sustained positive momentum from the simple moving averages …

The assassination attempt on US President and 2024 presidential candidate Donald Trump put the financial markets to a difficult test as a new week of trading began.The markets showed slight confusion at the beginning of trading on Monday, but risk appetite quickly took control of the price movement in the …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …

Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won’t be waiting until inflation reaches the 2% annual target.Key QuotesEconomy performed remarkably …

Gold price gains above $2,430, driven by growing speculation for Fed rate cuts in September. Softer-than-expected US inflation for June indicated that price pressures are on course to return to 2%.Investors await Fed Powell’s speech and the US Retail Sales data for June. The XAU/USD Index resumes its upside journey …