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Oil, Crude, trading

The British pound made a significant leap, registering substantial gains against the US dollar by successfully breaching the psychological barrier resistance at 1.2400 and initiating an assault on the crucial resistance level of 1.2465. From a technical perspective today, a positive trading outlook is favored, contingent on the intraday stability …

japanese-yen

Oil, Crude, trading

There was a notable surge in the prices of US crude oil futures contracts in the recent trading session, effectively nullifying the previously anticipated bearish scenario that relied on trading stability below the 73.70 resistance level at the time of the report’s issuance. As a reminder, it was previously mentioned …

Gold exhibited an upward trend during the recent trading session, aligning with the anticipated upward trajectory and nearing the initial target set at the price of 1997. The precious metal recorded its highest point at $1993 per ounce. Examining the technical aspects today, a closer look at the 4-hour timeframe …

The Euro gained ground against the US dollar in the final trading sessions of last week, successfully consolidating above the critical resistance level of 1.0870. This consolidation serves as a compelling factor, effectively halting the anticipated downward trend. Consequently, the pair is poised to resume its upward trajectory, setting targets …

The US dollar has experienced its worst week since July 2023, with negative momentum dominating the market. Next week will be shorter in the US due to Thanksgiving. US – China Talks US President Joe Biden and Chinese counterpart Xi Jinping had a positive conversation about climate change and improving …

The US dollar experienced its most significant drop in one week since May, with negative momentum dominating. Next week will be shorter in the US, with the preliminary November PMIs being the important economic report to keep an eye on. The Fed will publish the minutes of its most recent …

The DXY Index has fallen by around 0.40%, marking a 1.60% weekly decline. The Fed’s hawkish stance on the matter is attributed to the cooling inflation and labour market conditions, which have led to the US Dollar’s decline. The US Bureau of Labor Statistics reported that October’s Core Consumer Price …