The intricate dance of the USD/JPY exchange rate has taken a dramatic turn, spotlighting a stark contrast between the US administration’s currency apprehensions and the market’s bullish fervor. While Washington voices concerns over perceived currency manipulation, particularly by Japan, analysts are keenly observing the Bank of Japan’s (BoJ) tightening policy, …
Read More »European Auto and Banking Stocks Slide Amid Rising Trade Tensions
European equity markets suffered broad-based declines today, as heightened global trade tensions triggered a sell-off in auto stocks, banks, and industrial sectors. The downturn followed the U.S. imposing tariffs on Canada and Mexico, with China retaliating through tariffs on U.S. agricultural goods and export restrictions on certain defense companies. Auto …
Read More »Saudi Aramco Forecasts Lower Dividends in 2025 Amid Declining Profits
Saudi Aramco (TADAWUL:2222), the world’s largest oil company, announced on Tuesday that it expects to declare $85.4 billion in total dividends in 2025, a notable decrease from the $124.25 billion distributed in 2024. Financial Performance: Declining Profitability in 2024 The oil giant reported a 12.4% drop in full-year 2024 net …
Read More »Bitcoin Extends Losses as Trump’s Crypto Reserve Hype Fades
Bitcoin tumbled on Tuesday, deepening its losses from the prior session, as excitement over U.S. President Donald Trump’s proposed national cryptocurrency reserve quickly faded. The broader crypto market also suffered heavy losses, as investor sentiment took a hit from Trump’s tariff hikes on China, Canada, and Mexico, which escalated concerns …
Read More »Gold Prices Hold Steady as U.S. Tariffs on Mexico, Canada Take Effect
Gold prices remained largely unchanged in Asian trading on Tuesday, with safe-haven demand providing support amid escalating trade tensions. The market reacted to the implementation of U.S. tariffs on Mexico and Canada, alongside further tariff escalations against China. As of 00:23 ET (05:23 GMT), Spot Gold was steady at $2,892.98 …
Read More »Dow Jones hits strong resistance 4/3/2025
Oil, Crude, trading
Read More »CAD continues to rise 4/3/2025
The Canadian dollar met the previous report’s target at 1.4520, reaching 1.2828 at the time of writing. Technical Outlook Bullish Scenario: The simple moving averages continue to provide positive momentum, reinforcing the likelihood of further gains. Additionally, the 14-day momentum indicator on short-term timeframes supports the upward bias. A continuation …
Read More »GBP Advances against USD 4/3/2025
Oil, Crude, trading
Read More »Oil touches official target 4/3/2025
U.S. crude oil futures experienced a sharp decline, aligning with our previous technical outlook, reaching the first target at $68.85 and coming within a few points of the next official support at $67.80, recording a low of $67.85 per barrel. Technical Outlook A closer look at the 4-hour chart shows …
Read More »Gold needs monitoring of price behavior 4/3/2025
Gold prices exhibited positive movement in the previous session, attempting to halt the ongoing downward correction and showing temporary stability above 2884. From a technical perspective, despite the bullish momentum observed yesterday, a closer look at the 4-hour chart reveals that the price remains stable above 2868, which corresponds to …
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