Dow Jones Industrial Average (DJIA) Technical Analysis The Dow Jones Industrial Average traded on a negative footing during the previous US session, after reaching an intraday high of 51,329. Technical Outlook for Today’s Session – 4-Hour Timeframe: Within the intraday landscape, the index ran into formidable resistance in the vicinity …
Read More »Canadian Dollar Continues Its Gradual Climb 9/6/2026
USD/CAD Technical Analysis A powerful bullish trend continues to dominate the price action of the USD/CAD pair, with the contract harvesting significant gains after decisively breaching the psychological 1.3900 barrier. Technical Outlook – 4-Hour Timeframe With respect to intraday dynamics, the technical outlook remains cautiously constructive, with the pair continuing …
Read More »Pound Faces Mounting Selling Pressure 9/6/2026
GBP/USD Technical Analysis The GBP/USD pair came under sustained selling pressure during the previous session, sliding to an intraday low of 1.3305. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the simple moving averages continue to function as effective dynamic resistance, imposing downward pressure on the price and reinforcing …
Read More »Oil Balances Profit-Taking Against Its Primary Bullish Trend 9/6/2026
US crude oil prices failed to hold onto their recent gains after colliding with the pivotal resistance at $95.40 — a level that successfully capped the advance and forced prices into a bearish corrective wave, with the contract registering an intraday high of $95.43 per barrel. Technical Outlook – 4-Hour …
Read More »Sellers Dominate Gold While Recovery Looks Unconvincing 9/6/2026
Gold (XAU/USD) Technical Analysis Gold prices continued to grapple with intense selling pressure across recent trading sessions, unfolding as part of a broad-based decline that drove the precious metal to a low of $4,268 per ounce — a move that underscores the persistence of the short-term bearish trend. Technical Outlook …
Read More »Euro Fades Once More With Bears Gaining the Upper Hand 9/6/2026
EUR/USD Technical Analysis The EUR/USD pair continued to grapple with selling pressure during the previous session, gradually retreating from the psychological barrier at 1.1600 — a development that mirrors the persistent weakness in bullish momentum and the dominance of the short-term downtrend. Technical Outlook – 4-Hour Timeframe: Across intraday price …
Read More »Dollar Climbs to 2-Month High as Hot Jobs Data and Gulf Escalation Fuel Rate Hike Bets: Yen Hits Intervention Danger Zone
Key Takeaways Dollar at 2-month peak: The DXY edged up 0.1% to 100.17 — its highest since April 6 — after Friday’s 0.7% surge. Jobs data the catalyst: The U.S. added 172,000 jobs in May — well above forecasts — reinforcing bets the Fed could tighten further. December hike now …
Read More »Trump Demands Israel and Iran “Stop Shooting” as War Reignites: “Very Close to a Final Deal” — But Iranian Official Says It’s “No Longer Feasible”
Key Takeaways Trump’s urgent plea: The president posted on social media: “Israel and Iran must immediately stop ‘shooting.'” First Iran-Israel exchange since April: The attacks marked the most serious breach of the U.S.-brokered ceasefire. How it started: An Israeli strike on Beirut triggered Iranian retaliation; Israel then hit targets in …
Read More »European Stocks Sink as Iran and Israel Break Ceasefire: Iranian Official Says Peace Deal “No Longer Feasible”
Key Takeaways Broad-based decline: The Stoxx 600 fell 0.9%, Germany’s DAX dropped 1.3%, France’s CAC 40 slid 0.9%, and the U.K.’s FTSE 100 was down 0.4%. Ceasefire collapses: Iran and Israel attacked each other for the first time since the April truce — the most serious breach yet. How it …
Read More »Gold Crashes to 11-Week Low as Hot Jobs Data Cements December Fed Rate Hike: Iran-Israel Escalation Adds to Pressure
Key Takeaways Gold at 11-week low: Spot gold fell 0.8% to $4,296.08 per ounce — its weakest level since March 23; gold futures dropped 1% to $4,322.60. Friday’s 3% slump extended: The yellow metal suffered its worst single-day decline in months on Friday’s payrolls shock. Jobs data crushes rate cut …
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