The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …

Oil Prices Retreat on Surging US Crude Inventories and Diminished Rate Cut Expectations Early Asian trading on Wednesday saw a decline in oil prices following reports from the American Petroleum Institute (API) indicating a significant buildup in US crude inventories last week, coupled with shifting sentiments regarding potential interest rate …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar has defied expectations of a downward trend, particularly as trading stabilized above the key resistance level of 1.3520. Previously, we anticipated a halt in the downward trajectory if stability above 1.3520 was achieved, signaling a potential upward movement towards 1.3550 and 1.3590. Today, from a technical standpoint, …

japanese-yen

Oil, Crude, trading

US crude oil futures maintained a positive trajectory in the previous technical report, reaching the target price of $78.10 and hitting a high of $78.44 per barrel. Technically, the outlook remains optimistic, with the price receiving consistent support from simple moving averages, contributing to an upward trend. Additionally, positive signals …

Gold prices experienced significant losses in the previous trading session, reflecting the anticipated upward trend. However, the rise of the US dollar following inflation data spurred a downward trend, with gold bearing the brunt. From a technical standpoint, previous reports this month highlighted the importance of maintaining trading above the …

Yesterday’s trading session witnessed a mixed performance for the EUR/USD pair, with initial attempts to rally against the US dollar, reaching its highest point near the psychological barrier at 1.0800. However, the pair swiftly reversed course into a downward trend following the release of strong US inflation data, which bolstered …