Oil prices experienced a boost in Asian trading on Wednesday, fueled by expectations that major producers will maintain existing output cuts at their upcoming meeting and the anticipated rise in fuel consumption during the summer season. Brent crude futures for July delivery saw a modest increase of 18 cents (0.2%), …
Read More »Dow Jones extends losses 29/5/2024
Oil, Crude, trading
Read More »Oil is making notable gains 29/5/2024
WTI Crude Oil Prices Set for Further Gains, but Caution Advised WTI crude oil futures prices are on a clear upward trajectory, having recently surpassed the targeted levels of 79.30 and 79.70 and approaching the key psychological level of 80.50. The commodity reached an intraday high of $80.28 per barrel, …
Read More »USD/JPY are recovering 29/5/2024
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Read More »GBP/USD is testing support 29/5/2024
Oil, Crude, trading
Read More »Gold building on support 28/5/2024
Gold Prices Poised for Further Upside, Technical Analysis Suggests Gold prices have found solid footing at the 2340 support level, as highlighted in the previous technical report. This support, coinciding with the 23.60% Fibonacci retracement level on the 240-minute timeframe chart, successfully halted the recent downward trend and propelled prices …
Read More »Euro retests support 29/5/2024
The euro is experiencing a critical moment in its ongoing dance with the U.S. dollar. After a brief flirtation with the 1.0900 resistance level, the pair has retreated to 1.0845, leaving traders pondering its next move. A closer look at the technical landscape reveals a delicate balance between bullish and …
Read More »U.S. Stock Market Embraces Faster Settlement, But Initial Challenges Loom
The U.S. stock market is transitioning to a shorter settlement cycle on Tuesday, a move regulators hope will reduce risk and enhance efficiency in the world’s largest financial market. However, this shift is expected to temporarily increase transaction failures for investors as they adapt to the accelerated timeline. Under the …
Read More »Dollar Dips Amid Risk Sentiment, Awaits Inflation Data
The U.S. dollar experienced a slight dip in early European trading on Tuesday, attributed to a minor uptick in risk sentiment. However, trading ranges remained narrow as investors eagerly awaited the release of crucial inflation data. As of 04:25 ET (08:25 GMT), the Dollar Index, which measures the greenback against …
Read More »European Stocks Mixed as Investors Await Inflation Cues
European stock markets displayed a mixed performance on Tuesday, with the return of U.K. markets after a holiday break. Investors eagerly anticipated key inflation data from both Europe and the United States, seeking insights into the future direction of monetary policy. Early in the trading day, Germany’s DAX index edged …
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