Asian stock markets experienced a broad rally on Wednesday, while the U.S. dollar remained steady. This positive sentiment was fueled by a softening U.S. labor market, strengthening expectations for a Federal Reserve interest rate cut in September. However, concerns about a cooling U.S. economy tempered risk appetite. MSCI’s broadest index …

Oil, Crude, trading

The Canadian dollar (CAD) witnessed positive trading in the previous session, but its upward momentum was curtailed by the pivotal resistance level of 1.3690. Technical indicators now suggest a potential shift towards a bearish trend. The Stochastic oscillator on the 240-minute timeframe is showing signs of waning upward momentum, indicating …

japanese-yen

Oil, Crude, trading

The technical landscape for gold remains largely unchanged, with the precious metal holding above the 2318 support level but facing resistance from the 50-day simple moving average. Despite yesterday’s upward movement, the 50-day simple moving average continues to exert downward pressure on the price. Additionally, the Stochastic oscillator is showing …

The EUR/USD pair experienced a downturn in the previous trading session, failing to maintain its position above the key psychological resistance level of 1.0900. However, technical indicators suggest a potential rebound in the upcoming sessions. On the 4-hour chart, the simple moving averages are still providing support for the upward …

The U.S. dollar rebounded in early European trading on Tuesday, reversing overnight declines. The euro weakened following the release of disappointing German employment figures. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, rose 0.1% to 104.165, after briefly falling …

European stock markets experienced a downturn on Tuesday, driven by investor caution ahead of the European Central Bank’s (ECB) upcoming policy meeting later in the week. As of 03:20 ET (07:20 GMT), the DAX index in Germany declined by 0.6%, the CAC 40 in France fell by the same margin, …

Asian share markets experienced a downturn on Tuesday as global investors awaited the official results of India’s general election and assessed the potential weakening of the U.S. economy’s exceptionalism amid further decline in manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, despite mild gains in U.S. …