WTI crude oil futures experienced mixed trading, attempting to bounce back from recent lows by utilizing the 75.25 support level. Currently trading at $75.75 per barrel, the commodity faces a bearish outlook due to several technical factors. The 50-day simple moving average continues to act as a strong resistance barrier, …

Gold prices experienced a sharp decline, surrendering recent gains due to a strengthening U.S. dollar following the release of strong U.S. jobs data last Friday. The precious metal, which previously struggled to break above the 2360 resistance level, has now fallen below the crucial 2318 support, reaching a low of …

The EUR/USD pair experienced a significant drop at the end of last week, opening this week with a downward price gap due to a strengthening U.S. dollar. The pair is currently trading around 1.0757, its lowest level in early trading today. Technical analysis on the 4-hour chart reveals a bearish …

The U.S. economy defied expectations in May, adding a robust 272,000 jobs, significantly exceeding forecasts of 182,000. This surprisingly strong job growth, coupled with a 0.4% increase in average hourly earnings and a slight uptick in the unemployment rate to 4.0%, suggests that the labor market remains resilient and may …

U.S. stock index futures remained relatively flat on Friday as investors awaited the release of the crucial May nonfarm payrolls report. This data is expected to provide insights into the labor market’s strength and potentially influence the Federal Reserve’s interest rate decisions. While the benchmark S&P 500 and Nasdaq closed …

The U.S. dollar remained stable in early European trading on Friday as traders awaited the release of crucial U.S. employment data, while the euro steadied following the European Central Bank’s (ECB) historic rate cut. At 05:00 ET, the Dollar Index, tracking the greenback against a basket of six other currencies, …

Oil prices experienced a slight uptick on Friday as Saudi Arabia and Russia, key members of OPEC+, signaled their willingness to adjust output agreements if necessary. However, the market remains on track for its third consecutive weekly loss, primarily due to concerns about increased supply following the recent OPEC+ meeting. …

Gold prices surged in Asian trading on Friday, approaching key highs as expectations of Federal Reserve interest rate cuts gained momentum in anticipation of crucial nonfarm payrolls data due later in the day. The precious metal was poised for weekly gains following a series of weak U.S. economic readings that …

According to a Reuters poll, Japan’s economy likely contracted at a slightly slower pace than initially reported in the first quarter of 2024, due to upward revisions in capital spending figures. However, economists warn that significant risks continue to cloud the outlook for recovery. The revised gross domestic product (GDP) …

The European Central Bank (ECB) announced a rate cut for the first time in five years, lowering the deposit rate by 25 basis points to 3.75%. However, the central bank refrained from signaling its next move due to heightened uncertainty surrounding the inflation outlook after a significant slowdown in the …