Oil prices declined in early trading on Thursday, erasing much of the previous session’s gains due to a stronger dollar and ongoing worries about higher global oil output against a backdrop of slow demand growth forecasts. Brent crude futures fell by 45 cents, or 0.6%, to $71.83 a barrel at …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures have reached the official target outlined in our previous technical report, hitting a low of $66.67 per barrel after touching the 67.00 mark. From a technical standpoint, the 4-hour chart indicates that oil attempted an upward rebound upon testing the psychological support at 67.00. Nevertheless, despite …

Gold prices have continued their significant decline, reversing the upward correction scenario outlined in our previous technical report. This analysis had emphasized that maintaining stability above the support line of the ascending channel was crucial. The breach below the 2600 level, however, has led gold prices to resume their downward …

The Euro remains firmly in a downtrend against the US Dollar, as we had anticipated, reaching our previous target of 1.0565 and even dipping to a low of 1.0545 during the morning trading session. On the technical front, the 4-hour chart indicates persistent negative pressure from the simple moving averages, …

Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …

UK stock indexes slipped slightly on Wednesday as investors awaited key U.S. inflation data, which is expected to influence the direction of monetary policy. By 11:46 GMT, the FTSE 100 had edged down 0.1%, while the FTSE 250 index of midcap companies dropped 0.2%. Global markets remained subdued ahead of …

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …