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Japan’s Nikkei index posted a second consecutive weekly gain, buoyed by a Thursday rally on Wall Street, fueled by US data reinforcing the notion of a soft landing for the world’s largest economy. Closing at 33,169.05 points on Friday, the Nikkei inched up by 0.09 percent, marking a 0.6 percent …

Oil, Crude, trading

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Mixed trading characterized the prices of US crude oil futures contracts, exhibiting fluctuations in both upward and downward directions. Amidst yesterday’s trading, it successfully retested the target at 73.10, reaching its lowest point at 72.45. Subsequently, it initiated an upward rebound around the resistance level of 74.90, achieving a peak …

Gold prices successfully reached the initial target outlined in the previous technical report, hitting the price of 2051 and achieving a peak at $2055 per ounce. On the technical front today, a closer examination of the 240-minute time frame chart reveals that the simple moving averages continue to provide a …

Positive trades dominated the euro’s movements against the US dollar as it successfully consolidated above the robust resistance level at 1.0960, initiating an attack on the psychological barrier of 1.1000 and subsequently stabilizing around it. On the technical front today, intraday movements demonstrate stability above the previously breached resistance, now …

The core Personal Consumption Expenditures Price Index would increase by 0.1% in November, signifying a 3.3% increase from the previous year according to market estimates. Policymakers should take heart from this since it provides a steadier picture of pricing pressures by removing unpredictable prices for food and petrol.A 3.3% reading …

Oil futures declined on Thursday after Angola announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC). The move seemingly stirred investors’ hopes there would be more supply as the African country previously voiced opposition to the group’s recent decisions, including the one on production cuts.WTI intiallt …