Oil Prices Retreat on Rate Cut Delay Speculations Despite OPEC+ Production Cut Extension Possibilities Oil prices experienced a decline in Asian trading on Wednesday, as concerns over potential delays in US interest rate cuts and a surge in US crude inventories outweighed earlier support derived from reports suggesting a potential …

Oil, Crude, trading

Oil, Crude, trading

During the previous session’s trading, the Canadian dollar saw a resurgence of upward momentum, leveraging the support level at 1.3480 to initiate an upward rebound, with current levels hovering around 1.3540. Today’s technical analysis suggests a positive outlook, primarily driven by the reestablishment of stability in the pair’s price above …

japanese-yen

Oil, Crude, trading

In yesterday’s technical report, we maintained a neutral stance due to conflicting technical signals, noting that consolidation of the price above $78.00 could pave the way for reaching $78.35 as the first target, with potential further gains extending to $79.20. American crude oil prices managed to peak at $78.95 per …

Gold prices encountered downward pressure during the preceding trading session following their ascent to the 2040 resistance level. This led to a decline, resulting in intraday movements stabilizing around the lowest level for the current period, priced at $2030. Today’s technical analysis, upon examination of the 4-hour timeframe chart, reveals …

The EUR/USD pair continues to experience narrow sideways trading for the third consecutive session, maintaining a range between the main support level of 1.0765 and the pivotal resistance of 1.0860. From a technical perspective today, upon analysis of the 4-hour timeframe chart, the 50-day simple moving average persists in guiding …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …