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Oil, Crude, trading

The technical landscape for gold remains largely unchanged, with the precious metal holding above the 2318 support level but facing resistance from the 50-day simple moving average. Despite yesterday’s upward movement, the 50-day simple moving average continues to exert downward pressure on the price. Additionally, the Stochastic oscillator is showing …

The EUR/USD pair experienced a downturn in the previous trading session, failing to maintain its position above the key psychological resistance level of 1.0900. However, technical indicators suggest a potential rebound in the upcoming sessions. On the 4-hour chart, the simple moving averages are still providing support for the upward …

The USD Index (DXY) advanced slightly after briefly testing two-month lows near 104.00. On June 5, MBA’s Mortgage Applications are due seconded by ADP Employment Change, the final S&P Global Services PMI and the ISM Services PMI.The dollar managed to reverse part of the recent weakness after bottoming out in …

As a result of recent weaker than expected US data, particularly from last week and the first two days of the current new trading week, worries and concerns have surfaced regarding the likelihood that the US economy could slide into a deep slowdown in the near future. Investors first thought …

Gold prices have fallen by 0.90% in the mid-North American session on Tuesday, amid risk-off sentiment and falling US Treasury bond yields. The latest tranche of US economic data shows the economy is slowing down, warranting lower interest rates. However, the Gold Index, XAU/USD, trades with losses and exchanges hands …

Binance Coin (BNB) is on the verge of a potential breakout to a new all-time high, driven by growing on-chain activity, a recent price surge, and the resolution of ex-CEO Changpeng Zhao’s legal issues. The token has been trading within an ascending triangle pattern since May 16, with a bullish …

Following steep losses on Monday as a result of the unsatisfactory May ISM PMIs, the US dollar secured some gains although JOLTS for April revealed fewer job openings than anticipated. Despite struggling, the US Dollar Index is 0.04% up, trading at 104.09 at the time of writing. In order to …

Investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.Monday’s US manufacturing data for May came in below expectations and indicated that a recent contraction is deepening, albeit slightly.These figures follow other data that suggests the world’s largest economy is slowing …

USD/JPY has fallen to 155.00 due to a combination of risk-off market sentiment and rumors that the Bank of Japan (BoJ) is considering reducing bond purchases at its June meeting. This move would raise Japanese bond yields and support the Yen, a negative for USD/JPY. The US Dollar (USD) bounced …