US crude oil witnessed a strong rise in futures prices within a positive outlook, as we expected, touching the official target of the previous technical report at 83.20, recording its highest level during early trading of the current session, $83.80 per barrel. Technically, we find the price stable momentarily above …
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Gold prices found it difficult to break the pivotal resistance level published in the previous report at 1945, in which we explained how important it is to the current trading levels, to force gold prices to retest 1938. Technically, the 50-day simple moving average still protects the price, and we …
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The EUR/USD pair reversed the expected upward trend during the previous technical report under negative pressure from negative inflation data, invalidating the positive outlook in which we relied on trading stability above 1.0880 at the time the report was issued, explaining that the trading stability below 1.0870/1.0880 with the closing …
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During the Asian trading session, the final Manufacturing PMIs, including those for China, Australia, and Japan, are expected. The US Nonfarm Payrolls report will be the main topic of discussion on Friday. The US ISM Manufacturing PMI will also be made public. There will be a GDP report from Canada.On …
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The price of natural gas tried to climb above $2.85. Trading speculation that Saudi Arabia and Russia might extend their voluntary production restrictions caused WTI oil to rise. The price of Brent oil increased as the oil markets as a whole rallied. As traders react to the EIA report, which …
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The NFP data is usually awaited by the financial markets and investors with eagerness because of it is likely that Friday’s print would bring about significant and weighty change on the Federal Reserve’s upcoming policy decision. As the US Bureau of Labour Statistics prepares to release the August jobs data …
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Wall Street stocks tended to show mixed performance until after Thursday afternoon with fresh inflation data hinting at the easing in inflation that the Fed policymakers are looking for. The Dow Jones Industrial Average retreated 0.15%, or about 50 points, even as it was buoyed by a jump in Salesforce …
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Following the Grayscale victory, the price of bitcoin has significantly declined. The price of the most well-known cryptocurrency is currently $27,300. With the release of the US Core PCE price index data on Thursday and the US NFP on Friday, cryptocurrency markets are anticipated to be volatile. It is anticipated …
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The US PCE inflation figures align with forecasts, and Swiss retail sales plunge -2.3% MoM. Mixed employment data in the United States sets the scene for a crucial Nonfarm Payrolls report, while a morning star chart pattern suggests a potential upside for USD/CHF. The US Dollar gains ground as PCE …
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Despite solid US data, the USD/JPY pair is currently down 0.35% at 145.70; DXY is up 0.51% to 103.718 but is unable to support USD/JPY. Retail sales in Japan increased by 6.8% YoY, exceeding expectations, but a disappointing 2.4% decline in industrial production adds to the BoJ’s policy dilemma.After hitting …
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