The Canadian dollar surged against the U.S. dollar, posting notable gains after successfully rebounding from the support level at 1.4370, reaching a high of 1.4472. From a technical perspective, the 4-hour chart indicates that the simple moving averages continue to provide support from below, reinforcing the potential for further upside. …
Read More »GBP holds below resistance 3/3/2025
Oil, Crude, trading
Read More »Oil retests resistance 3/3/2025
U.S. crude oil futures attempted to rise, reaching a high of $70.51 per barrel but failed to maintain stability above the key psychological resistance at $70.00. From a technical perspective, the 4-hour chart indicates bearish momentum, as the Relative Strength Index (RSI) remains below the 50 midline, coupled with a …
Read More »Gold experiencing negative pressure 3/3/2025
Gold prices suffered heavy losses at the end of last week’s trading amid profit-taking, reaching a low of $2,832 per ounce. From a technical analysis perspective, the 4-hour chart shows clear negative crossover signals on the simple moving averages, reinforced by bearish indications on the 14-day momentum indicator. Given these …
Read More »Euro breaks support 3/3/2025
The euro experienced a sharp decline against the U.S. dollar at the end of last month’s trading session, reaching a low of 1.0360. From a technical analysis perspective, a closer look at the 4-hour chart reveals that the simple moving averages are negatively intersecting, reinforcing the daily downward price trend. …
Read More »Market weekly recap: Trump – Zelensky clash and NFP in the heart of market drivers
US dollar ended last week’s trading in the upside buoyed by concerns of geopolitical tensions escalation after tensions escalated between US president Donald Trump and his Ukrainian counterpart Volodymyr Zelensky in the White House during a meeting which was supposed to witness signing a US-Ukraine deal over natural resources. Dollar …
Read More »Gold Plummets Amid Trade War Fears and Recession Whispers
A potent cocktail of trade policy anxieties and growing recession fears sent gold prices reeling this week, with the precious metal shedding over 3% as the US dollar surged. The XAU/USD pair closed Friday at $2,845, a significant drop from its daily peak of $2,885, and a far cry from …
Read More »Jones Wobbles, Recovers Slightly: Tariffs and Jobs Data Loom Large
The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …
Read More »Trump Cancels Signing Ceremony with Ukraine
A planned meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy took an unexpected turn on Friday, descending into a heated exchange. President Zelenskyy expressed concerns over the proposed deal, citing vague terms and missing critical details, though he acknowledged it as a potential starting point.President Trump, under …
Read More »Dollar Dominates: Tariffs and Steady Inflation Fuel Greenback’s Surge
The US Dollar Index (DXY) is poised to cap off a robust week, firmly entrenched above the 107.00 mark, as a confluence of economic data and geopolitical developments bolstered the greenback’s strength. While January’s Personal Consumption Expenditures (PCE) inflation data landed squarely within expectations, easing immediate concerns of runaway inflation, …
Read More »