Oil prices extended their decline on Tuesday, pressured by expectations of rising supply as OPEC+ prepares for another production increase and exports from Iraq’s Kurdistan region resumed through Turkey, reinforcing concerns of a looming surplus. By 08:09 GMT, Brent crude futures for November delivery, expiring today, dropped 1.2% to $67.13 …
Read More »German Joblessness Rises Above 3 Million as Economic Weakness Persists
Germany’s labor market showed renewed signs of strain in September, with unemployment rising more than expected, underscoring the challenges facing Europe’s largest economy as it grapples with its steepest downturn in decades. According to data released by the Federal Labour Office on Tuesday, the number of unemployed people rose by …
Read More »Dow Jones Loses Momentum Temporarily 30/9/2025
The index recorded notable gains in the previous session, reaching a high of 46,787. Technical Outlook: 50-period Simple Moving Average (SMA): Continues to support the price from below, reinforcing the broader bullish structure. Relative Strength Index (RSI): Entering overbought territory and beginning to send negative signals, indicating short-term momentum may …
Read More »CAD: Searching for Support 30/9/2025
The pair extended its upward movement, testing the pivotal resistance at 1.3950, which successfully limited further gains. Technical Outlook: Relative Strength Index (RSI): Attempting to send short-term positive signals, hinting at a possible continuation of bullish momentum. 50-day Simple Moving Average (SMA): Prices remain supported above this level, reinforcing the …
Read More »GBP: Rally or Retracement Ahead? 30/9/2025
The pair is showing positive intraday movements after testing the psychological support level of 1.3400 in the previous session. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals due to overbought conditions relative to price action, suggesting the potential for negative divergence. 50-day Simple Moving Average (SMA): Acting …
Read More »Selling pressure pushes oil down 30/9/2025
US crude oil futures (WTI) continue their decline, hitting a key resistance level around 65.30, which successfully limited the rise. Technical Outlook – 4-hour timeframe: Simple moving averages: Pressuring prices from above, forming dynamic resistance that limits any upward rebound. Relative Strength Index (RSI): Around oversold areas, with positive signs …
Read More »Gold Surges Again: Can XAU/USD Keep Rising? 30/9/2025
Gold (XAU-USD) prices continued their sharp rise during the morning trading session, recording a high of $3,867. Technical Outlook – 4-Hour Timeframe: Price action remains supported by stability above the simple moving averages, which act as dynamic support, reinforcing the upward trend. The bullish trend clearly dominates, with buying momentum …
Read More »Euro vs Dollar: Losing Steam or Just Catching Breath? 30/9/2025
The euro continues to move within a sideways range with a slight upward bias, though negative pressures remain dominant. Technical Outlook: 50-day Simple Moving Average (SMA): Price action remains capped below this level, reducing the probability of sustained upside movement. Relative Strength Index (RSI): Recently entered overbought territory, signaling weak …
Read More »U.S. Stock Futures Edge Higher as Jobs Data, Shutdown Fears Loom
Market OverviewU.S. stock futures pointed higher on Monday, supported by investor optimism ahead of a key jobs report later this week, even as concerns over a possible federal government shutdown tempered sentiment. At 06:09 ET (10:09 GMT), Dow Jones Futures gained 189 points (0.4%), S&P 500 Futures rose 33 points …
Read More »Dollar Edges Lower as Traders Await U.S. Jobs Data Amid Shutdown Fears
The U.S. dollar index slipped by 0.2% to 97.92 on Monday, easing from recent gains as investors turned their attention to Friday’s nonfarm payrolls (NFP) report for September. The labor market remains the central focus for Federal Reserve policymakers, who earlier this month cut interest rates by 25 basis points. …
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