U.S. crude oil (WTI) futures successfully met our bullish targets in the previous session, breaking above the key $60.80 level and extending gains to a high of $61.46. Technical Outlook – 4-Hour Chart Price action continues to be supported by a favorable technical backdrop. Simple moving averages remain aligned to …
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Gold (XAU/USD) continues its upward momentum, aligning with our positive outlook from the previous report, approaching the first target of $4641 and currently trading at $4639 at the time of writing. Technical Outlook – 4-Hour Timeframe: The continued influx of buying capital reflects a clear dominance of buyers within the …
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The EUR/USD pair continues to trade under bearish pressure, in line with our previous technical outlook, as price action remains capped below the key psychological barrier at 1.1700. Technical Outlook – 4-Hour Chart The 1.1700 level has once again proven to be a strong resistance zone, forcing the pair into …
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Cooling Inflation Fails to Weaken the Dollar: The euro slipped against the US dollar as markets reacted to a complex mix of economic signals. While the latest US Consumer Price Index (CPI) showed inflation easing slightly, the data was not enough to undermine confidence in the American economy. Instead, the …
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Shares of JPMorgan Chase & Co. fell about 4.2% in after-hours trading Tuesday to $310.90 following the release of the bank’s fourth-quarter results. The decline highlights investor concerns over credit card performance and slowing investment banking fees.JPMorgan reported net income of $13.0 billion for the quarter, or $4.63 per share. …
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Gold prices climbed to new record levels during Tuesday’s trading session, driven by rising concerns over the independence of the US Federal Reserve and renewed demand for safe-haven assets.Investor appetite for gold strengthened after growing unease surrounding the central bank’s autonomy, following news that the US Department of Justice has …
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The Japanese yen weakened sharply against the US dollar on Tuesday, falling about 0.6% to its lowest level in roughly a year and a half, as investors reacted to rising political uncertainty in Tokyo.The decline followed reports suggesting that Japan’s prime minister may dissolve the lower house of parliament at …
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Global markets shifted direction after the latest Consumer Price Index (CPI) data came in slightly below expectations. The softer inflation reading eased concerns about prolonged monetary tightening and prompted investors to reassess the outlook for interest rates, setting a more optimistic tone across financial markets.Rate Cut Hopes Gain MomentumThe CPI …
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The Dollar Steps Back Into the SpotlightThe US dollar staged a firm comeback, shaking off earlier pessimism as markets continued to digest recent inflation figures. Renewed confidence in the greenback was reinforced by rising government bond yields, putting the currency back at the center of global trading as investors prepared …
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U.S. stock indexes fell across the board on Tuesday after giving up their early gains, pressured by a pullback in the “Magnificent Seven” technology stocks—the group that has the strongest influence on market direction. This decline weighed directly on the major indexes, all of which closed lower. The market also …
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