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Oil, Crude, trading

US crude oil futures exhibited significant gains in the previous session, in line with expectations, reaching the officially targeted station outlined in the preceding technical report at $77.30 and marking a peak at $77.46 per barrel. A technical analysis on the 4-hour timeframe chart reveals the continued influence of simple …

Gold prices demonstrated limited movements in the previous trading session, characterized by a prevailing downward trend. As highlighted earlier, breaching the 2016 level aims for a touchpoint at 2005, potentially reaching its lowest level at $2009 per ounce. From a technical standpoint, the price has returned to stability above the …

The Euro/Dollar pair experienced predominantly negative trading dynamics in the previous session, influenced notably by the decisions of the European Central Bank, marking its lowest point at 1.0820. In terms of technical analysis today, a detailed examination of the 4-hour timeframe chart reveals the pair’s intraday trading stability below the …

While Gold prices remained stuck in their current consolidative range, Silver prices rebounded further and clinched their third straight day of gains, this time flirting with the $23.00 mark per ounce.Firmer-than-expected US GDP figures have provided support to the US Dollar and further reinforced the already resilient stance of the …

WTI price is expected to close the week in a positive territory due to multiple factors. US GDP data contributed support to reinforcing oil prices. PBoC’s strategy to inject liquidity into the economy contributes to the strength in oil prices.Chinese officials asked their Iranian counterparts to help restrain attacks on …

US Treasury bond yields have been declining since the beginning of trading on Wall Street, after US economic data favouring the “flexible landing” scenario and that the Federal Reserve could be closer to achieving it.Ten-year US Treasury bond yields fell to 4.131%, compared to the last daily close, which recorded …

The Canadian dollar was able to regain the upward trend after the improvement in risk in global financial markets following positive US economic data that suggested the “soft landing” scenario and that the Federal Reserve’s approach to achieving it is still possible.Oil futures concluded Thursday’s trading in an upward direction …

The EUR/GBP pair is standing at 08536 at the time of writing, down -0.20%, earlier on the day it was at almost 0.8530, down by 0.30%. The ECB held rates steady as expected. Christine Lagarde refrained from commenting on the timing of the ECB rate cuts. Monetary policy divergences are …