Oil prices edged lower in early Asian trading on Tuesday, stabilizing after significant gains in the prior session. The decline followed concerns about global demand and a potential supply glut, despite the market’s reaction to recent supply disruptions and geopolitical tensions. Modest Decline in Oil Futures Brent crude futures for …

The U.S. dollar retreated modestly on Monday from a one-year high, entering a week with few significant economic data releases but multiple Federal Reserve speeches. At 04:50 ET (09:50 GMT), the Dollar Index, which measures the greenback against six major currencies, dipped 0.1% to 106.497, slightly off the peak of …

Gold prices experienced a strong rebound on Monday, rising around 1% following last week’s losses, as the U.S. dollar rally showed signs of slowing. The precious metal gained ground amid anticipation of comments from Federal Reserve officials, which are expected to provide clues on future interest rate decisions. As of …

European shares slipped on Monday, marking further losses in the wake of recent setbacks. The STOXX 600 index dropped 0.2% by 0909 GMT, extending concerns from a four-week losing streak. This decline, the longest in 2.5 years, was fueled by disappointing earnings, rising Treasury yields, and uncertainty over U.S. President-elect …

Oil prices saw a slight uptick on Monday as intensifying conflict between Russia and Ukraine over the weekend raised supply worries, although market gains were capped by concerns about fuel demand in China and expectations of a global oil surplus. By 0502 GMT, Brent crude futures increased by 29 cents, …

Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures experienced sharp declines at the start of the week, bottoming out at $66.84 per barrel. From a technical standpoint, the 4-hour chart reveals that oil prices have decisively broken below the support level of $68.65. The persistent downward pressure from the simple moving averages continues to …

Gold prices fell at the end of last week’s trading, breaking below the support line of the ascending channel, as highlighted in the previous report. This break extended losses, with gold reaching a low of $2554 per ounce. From a technical analysis perspective, gold has attempted to stage a minor …