During yesterday’s European session, gold traded sideways, confined by the psychological support at 2900 and a pivotal resistance at 2930. On the 4‑hour chart, gold began to test the support floor at 2900 during the previous American session, recording a low of $2880 per ounce. Simple moving averages are now …
Read More »Euro tries to build on support 11/3/2025
In the previous trading session, the euro traded in a narrow range as it worked to sustain its upward trend. On the 4‑hour chart, the pair remains supported above its 50‑day simple moving average, which is contributing to the current bullish momentum. The euro is also showing efforts to establish …
Read More »Bitcoin Falls Amid Crypto Reserve Disappointment and Tariff Concerns
Bitcoin extended its losses on Monday, falling 4.2% to $82,417.7 by 01:39 GMT and nearing a four-month low, as investor enthusiasm waned over U.S. President Donald Trump’s formation of a strategic crypto reserve and the recent White House crypto summit. The digital asset remained above the $80,000 level but continued …
Read More »Oil Prices Hold Steady Amid Tariff Concerns and OPEC+ Production Increases
Oil prices held relatively steady on Monday as investors weighed mixed signals from U.S. import tariffs, potential growth headwinds, and rising production by OPEC+ members. At 08:56 GMT, Brent crude was down 11 cents at $70.25 per barrel, while West Texas Intermediate (WTI) crude was trading at $66.87 per barrel, …
Read More »European Markets Climb on Coalition Prospects and Stimulus Optimism
European stock markets rose on Monday as the region began the new week on a positive note amid encouraging political developments in Germany. At 03:05 ET (08:05 GMT), Germany’s DAX index gained 0.7%, France’s CAC 40 advanced 0.6%, and the UK’s FTSE 100 inched up 0.1%. Political sentiment was boosted …
Read More »Gold Steadies Near Four-Month Low as Trade and Economic Uncertainty Weighsb
Gold prices held steady in Asian trading on Monday following modest gains last week, as the U.S. dollar remained near a four-month low amid ongoing uncertainty over U.S. trade policies. Investors scrutinized the latest jobs report and Federal Reserve Chair Powell’s comments to gauge the future path of interest rates. …
Read More »Bitcoin Extends Losses Amid Disappointing Crypto Reserve, Tariff Fears, and Economic Uncertainty
Bitcoin continued its downward trajectory on Monday, extending a recent run of losses as market participants remained unimpressed by President Donald Trump’s announcement of a strategic cryptocurrency reserve and his White House crypto summit. The world’s largest cryptocurrency fell 4.2% to $82,417.7 by 01:39 GMT, bringing it near a four-month …
Read More »U.S. Job Growth Provides Dovish Boost Despite Higher Unemployment
The U.S. economy added 151,000 nonfarm payroll jobs in February, a figure that was lower than the 159,000 forecast but marked an improvement from the revised January total of 125,000, according to data from the Bureau of Labor Statistics released on Friday. The unemployment rate edged up to 4.1%, slightly …
Read More »European Markets Fall Amid ECB Cuts, Trade Policy Uncertainty, and U.S. Data Concerns
European stock markets sank on Friday as investors digested the latest European Central Bank (ECB) rate reduction ahead of key U.S. employment data, amid persistent uncertainty over U.S. trade policies. At 06:30 ET (11:30 GMT), the pan-European Stoxx 600 dropped 0.5%, Germany’s DAX fell 1.6%, France’s CAC 40 slipped 1.0%, …
Read More »Oil Prices Tumble as Tariff Fears and OPEC+ Production Hikes Weigh on Markets
Oil prices in Asian trading remained nearly unchanged on Friday, hovering close to their weakest levels for the year, as fears of increased U.S. trade tariffs continued to dampen risk appetite. Brent crude futures for May delivery rose 0.2% to $69.60 per barrel, while West Texas Intermediate crude futures climbed …
Read More »