The Canadian dollar has resumed an upward corrective trend after establishing a solid support base around the psychological level of 1.3900. From a technical standpoint, the 4-hour chart indicates that bullish momentum is gaining traction. The pair is now supported by upward-sloping simple moving averages, which are once again acting …
Read More »GBP to break support 15/5/2025
Oil, Crude, trading
Read More »Oil hovers near support, Eyes potential rebound 15/5/2025
U.S. crude oil futures are currently trading with a bearish tone, following a retreat from the recent high of $63.64 per barrel recorded in the previous session. Technically, the price is attempting to stabilize near the key support level at $61.20, suggesting the possibility of a short-term rebound. This potential …
Read More »Gold breaks through uptrend support line 15/5/2025
Gold prices declined sharply in the previous session, pressured by profit-taking after strong gains earlier in the year. The market reached key downside targets outlined in the previous report, with prices falling to a low of $3,148 during early trading today. From a technical perspective, the 4-hour chart reveals a …
Read More »Euro weakens as Dollar gains ground 15/5/2025
The euro is facing renewed intraday selling pressure as the U.S. dollar attempts to stage a modest rebound. From a technical standpoint, the 4-hour (240-minute) chart shows the pair trading below the 50-period simple moving average, which is acting as strong resistance near the 1.1250 level. Additionally, the Relative Strength …
Read More »Market Drivers – US Session: Can the Dollar Hold Its Ground as Markets Await Key Data, Fed Signals?
The US Dollar (USD) staged a recovery on Wednesday, May 14, 2025, at 11:36 PM +04, climbing past the 101.00 mark on the Dollar Index (DXY) as investors dialed back on riskier assets, bolstered by optimism surrounding US trade policies. This uptick occurred despite renewed market expectations for Federal Reserve …
Read More »Will Rising Treasury Yields and Tariff Risks Derail Fed Rate Cut Hopes?
US Treasury yields climbed across the curve on Wednesday, May 14, 2025, at 11:29 PM +04, as markets processed Tuesday’s Consumer Price Index (CPI) data and braced for upcoming economic releases, while a firm inflation outlook and tariff uncertainties reshaped Federal Reserve rate cut expectations. The 10-year Treasury note yield …
Read More »Can Nvidia’s Saudi AI Chip Deals Propel US Stocks and the Dollar Higher?
Nvidia’s stock surged 3.96% to $135.07 by 3:20 PM EDT on Wednesday, May 14, 2025, at 11:28 PM +04, extending a nearly 6% rally from Tuesday and pushing its market capitalization past $3 trillion for the first time since February, a move that has bolstered US stock indices and sparked …
Read More »Can Cooling US Inflation Shield Consumers from Tariff Fallout or Will Markets Feel the Heat?
The cooling US inflation reported on May 14, 2025, with the Consumer Price Index (CPI) rising 2.3% year-over-year in April, down from 2.4% in March, has had a noticeable impact on market performance, particularly for the US Dollar (USD) and US stocks. This slowdown, marking the smallest annual increase in …
Read More »Oil Prices Slip as Unexpected US Crude Stockpile Surge Raises Oversupply Fears
Oil prices dipped on Wednesday as fresh government data revealed an unexpected increase in US crude oil inventories, sparking concerns among investors about an oversupply in the market. Brent crude futures declined by 40 cents, or approximately 0.6%, settling at $66.23 per barrel, while US West Texas Intermediate (WTI) crude …
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