OPEC+ is set to hold a key meeting on Wednesday to deliberate on long-term production baselines for 2027, as the group navigates internal differences over quotas, according to Reuters, citing two delegates familiar with the matter. A separate meeting on Saturday may result in a decision to accelerate oil output …
Read More »U.S. Stock Futures Steady as Nvidia Earnings Awaited; Tariff Truce Boosts Sentiment
U.S. stock index futures hovered near flat in early Wednesday trading, as investors caught their breath following a robust rally sparked by easing tariff tensions. Market focus has now shifted to the upcoming earnings release from chipmaker Nvidia (NASDAQ:NVDA) and fresh updates on global trade policy. At 06:42 a.m. ET, …
Read More »German Unemployment Rises Sharply, Exposing Strain on Economy
Germany’s job market took a heavier hit than expected in May, with the number of unemployed rising by 34,000 to 2.96 million in seasonally adjusted terms, data from the Federal Labour Office showed Wednesday. The increase far exceeded analyst expectations of a 10,000 rise and pushed the unemployment rate closer …
Read More »Gold Prices Slip as Risk Appetite Improves, Dollar Recovers
Gold prices edged lower in Asian trading on Wednesday, weighed down by a revival in risk appetite after U.S. President Donald Trump delayed plans to impose steep tariffs on the European Union. The move, which helped lift equity markets and investor sentiment, reduced demand for safe-haven assets like gold. Spot …
Read More »Oil Prices Climb on Russia Sanction Risks, Venezuela Export Ban, and Caution Ahead of OPEC+ Meeting
Oil prices rose in Asian trade on Wednesday, supported by growing concerns over potential new sanctions on Russia and disruptions in Venezuelan crude flows, alongside uncertainty ahead of a crucial OPEC+ meeting later this week. As of 21:28 ET (01:28 GMT), Brent crude futures for July delivery climbed 0.7% to …
Read More »Dow Jones extends gains 28/5/2025
Oil, Crude, trading
Read More »CAD may hit major resistance 28/5/2025
The Canadian dollar has resumed its intraday rise, attempting to recover losses from previous sessions after touching the 1.3722 level. From a technical analysis perspective today, and by closely examining the 4-hour chart, we find the pair hovering near the key resistance level of 13850. This resistance meets the 50-day …
Read More »GBP retests support 28/5/2025
Oil, Crude, trading
Read More »Oil Prices Face Downward Pressure 28/5/2025
U.S. crude oil futures are trading with a negative bias, despite brief intraday attempts to stabilize. The price is currently hovering near $61.20 per barrel, reflecting continued selling pressure. From a technical perspective, oil prices remain below the 50-day simple moving average, which acts as a key dynamic resistance at …
Read More »Gold Attempts to Build Further Momentum 28/5/2025
Gold prices are currently trading within a narrow range, consolidating between $3,300 support and $3,350 resistance. This consolidation reflects a pause in momentum following recent gains, as the market awaits key catalysts. From a technical perspective, the underlying bullish trend remains intact. The Relative Strength Index (RSI) is showing signs …
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