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Oil, Crude, trading

The technical outlook for the pair remains largely unchanged, with movements showing continued negative stability following strong resistance levels around 1.3770. In terms of technical analysis today, a closer examination of the 4-hour timeframe chart reveals the emergence of a resistance level around 1.3770 formed by the simple moving average, …

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced substantial gains during the initial trading sessions of the week, approaching the official target of 78.30 and reaching its highest level at $78.42 per barrel. From a technical perspective, prices encountered a robust resistance level around 78.40, prompting a consolidation below the psychological barrier …

Gold prices have achieved positive stability above the main support floor mentioned in the previous technical report, positioned at the price of 1977. This led to a notable upward rebound, reaching the initial target of 1990 and recording its highest level at $1993 per ounce during the morning trading of …

The euro exhibited a positive surge against the US dollar, in line with our expectations, reaching the official target station outlined in the previous technical report at the price of 1.0970. The currency pair recorded its highest level during the early trading of today’s session at 1.0964. From a technical …

The US Dollar Index dropped further and fell to 103.45, reaching its lowest level since late August. Risk appetite and lower Treasury yields weighed on the dollar.In the short term, the US dollar remains vulnerable even though the US economy is growing while the Eurozone and other economies are nearing …

Profiting from the declining value of the US dollar, the EUR/USD pair keeps rising, currently trading at 1.0942. One major factor supporting the strength of the Euro and weakening the dollar is the decline in US Treasury bond yields.The likelihood of a rate cut by the Federal Reserve supports the …

WTI crude oil has risen over 2% and is currently trading at $77.53, after hitting a daily low of $75.49. Oil prices are influenced by the weak dollar and geopolitical tensions. The Organization of Petroleum Exporting Countries and its allies (OPEC+) are considering additional supply cuts when the cartel meets …