The EUR/USD pair is trading slightly above 1.0900 in the European session on Friday, exactly at 1.0905 at the time of writing.The US economic calendar will feature producer inflation data for June. Near-term technical outlook points to overbought conditions for the pair.The EUR/USD pair gathered bullish momentum during the North …
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The largest US bank stocks have been crushing the overall market, but investor disappointment with the results put a stop to the rally. Following its net interest income miss, Wells Fargo is expected to see its largest earnings-day decline in over three years. Even though Citigroup’s market revenue exceeded forecasts, …
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Tesla has postponed the launch of its highly anticipated robotaxi by approximately two months to October, according to a Bloomberg News report. This delay stems from a directive for the design team to rework certain elements of the vehicle. Following the news, Tesla’s shares experienced an 8% decline, closing at …
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Bitcoin’s price has been on a downward spiral, hitting a four-month low as concerns mount over increased selling pressure from various sources, including Mt. Gox refunds and actions by the German government. However, some experts believe this might be a “bear trap,” luring investors into selling prematurely before a potential …
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The U.S. dollar found its footing on Friday after a sharp decline to a one-month low, triggered by softer-than-expected inflation data that fueled expectations of a September rate cut by the Federal Reserve. However, the broader foreign exchange markets remained cautious due to volatility in the Japanese yen, which strengthened …
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Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …
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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 rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
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