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 …
Read More »Euro attacks resistance 4/3/2025
The pair began the week on a bullish note, successfully breaking through the strong resistance level of 1.0450, as highlighted in the previous report. This breakout served as a catalyst for further upside potential, driving the price to a high of 1.0505, with the next target at 1.0540. From a …
Read More »Crude Crash: Oil Prices Hit Rock Bottom on Supply, Tariff Concerns
Oil prices fell 2% to a 12-week low on Monday, influenced by reports that OPEC+ will proceed with a planned oil output increase in April and concerns that U.S. tariffs could negatively impact global economic growth and oil demand.Brent futures settled at $71.62 a barrel, down $1.19, or 1.6%, while …
Read More »Australian Dollar Recovers; Retail Sales and RBA Minutes in Focus
The Australian dollar (AUD) began the week with a notable rebound, halting a six-day decline that saw it lose 3% against the US dollar (USD). Currently, AUD/USD is trading at 0.6203 in North American trading, marking a 0.71% increase for the day.Key Economic Data on the HorizonTraders are now anticipating …
Read More »Europe’s Defense Spending Dilemma: A Looming Forex Market Fingerprint
The tumultuous geopolitical landscape in Europe, dominated by the ongoing conflict in Ukraine and heightened tensions with Russia, has ignited a complex interplay of security concerns and economic realities, leaving an indelible mark on the forex market. While Europe’s latent capacity for self-defense and sustained support for Ukraine has proven …
Read More »Trump’s Crypto Reserve Announcement Sparks Surge in Cryptocurrencies
The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …
Read More »Wall Street Eyes NFP Data Amid Shifting Economic Signals
US market is bracing for Friday’s crucial employment data, a potential catalyst amidst swirling recession anxieties. Recent market behavior reflects this unease, with volatility dominating trading sessions. While inflation figures have offered a degree of comfort, a concerning dip in consumer spending and a subsequent downward revision of GDP forecasts …
Read More »Pound Rebounds as US Dollar Weakens on Mounting Economic Concerns
The economic landscape is currently marked by a confluence of factors that are generating significant market volatility and raising concerns about a potential slowdown in the United States. Recent data releases have painted a picture of an economy grappling with uncertainty, particularly concerning manufacturing activity and the potential impact of …
Read More »US Manufacturing Sector Shows Signs of Weakness, Inflationary Pressures Mount
The U.S. manufacturing sector exhibited unexpected signs of deceleration in February, according to data released by the Institute for Supply Management (ISM). The closely watched Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3, a decline from January’s 50.9 and below the consensus forecast of 50.5. This figure indicates a marginal …
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