Crude oil futures steadied on Friday after an uptick in U.S. retail sales, but concerns about global demand weighed on the market as mixed economic indicators from China persisted. Prices remained on course for their largest weekly loss in over a month. As of 0338 GMT, Brent crude futures edged …
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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 have successfully reached the first downward target at $69.65 per barrel, recording a low of $69.45. Technical Outlook: Today’s analysis suggests the potential for the downtrend to continue, with the bearish double top pattern on the 4-hour chart maintaining its negative influence. The downward pressure is …
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Gold prices reached a new record high of $2712 per ounce, aligning with the upward momentum highlighted in the previous analysis. The breach of the 2685 level led to the anticipated new highs of 2691 and 2700. Technical Outlook:The technical indicators suggest continued bullish momentum, with the simple moving averages …
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The EUR/USD pair continued its decline as expected, marking the longest series of daily losses in a year. Technical Analysis: Today’s analysis suggests that the pair is likely to maintain its downward trajectory, supported by negative pressure from the simple moving averages and the formation of a bearish double top …
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The U.S. Dollar’s strength continued unabated, driven by robust domestic economic data and a marginally dovish stance from the European Central Bank. This positive sentiment for the U.S. Dollar was evident in its continued appreciation against major currencies.Key economic indicators and events to watch on Friday, October 18, included the …
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Gold is currently rallying and enjoying a resurgence in price. This report traces the intricate factors driving this rally, examining both macroeconomic fundamentals and technical indicators. Gold prices surged to a new all-time high near $2,700 on Thursday, driven by a combination of factors, including heightened uncertainty surrounding the upcoming …
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The US Dollar continued its winning streak, gaining for the fifth consecutive day, as markets digested recent economic data and adjusted their expectations for Federal Reserve interest rate cuts. The US Dollar Index (DXY) climbed to near 104.00, buoyed by a combination of factors. First, the European Central Bank’s (ECB) …
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