Inflation in Britain saw a less-than-expected decline in April, with a key core measure showing resilience, prompting investors to reconsider their bets on a rate cut next month. This development could potentially bolster embattled Prime Minister Rishi Sunak ahead of anticipated elections later this year. Consumer prices rose by an …

The U.S. dollar traded steadily on Wednesday as markets awaited the release of minutes from the last Federal Reserve meeting, while sterling advanced after April’s inflation figures came in lower than anticipated. At 04:55 ET (08:55 GMT), the Dollar Index, which measures the greenback against a basket of six major …

Gold prices edged lower in Asian trade on Wednesday, continuing to retreat from record highs as concerns over elevated U.S. interest rates grew ahead of crucial signals from the Federal Reserve. Industrial Metals Also Under Pressure The downward trend extended to industrial metals, with copper prices pulling back further from …

Oil, Crude, trading

Limited positive trading dominated the Canadian dollar’s movements during the previous session, failing to breach the 1.3675 resistance level and resulting in a negative bias. Technical Analysis Examining the 4-hour chart reveals the following: Stochastic Indicator: Continues to provide negative signals.50-Day Simple Moving Average: Trading stability below this level supports …

Oil, Crude, trading

US crude oil futures experienced a downward trend in the previous session, encountering resistance at $79.60 per barrel, leading to significant declines and reaching a low of $77.67. Technical Analysis Our outlook remains bearish, based on the following technical factors: Resistance Levels: Intraday trading remains below the key psychological resistance …

In the previous trading session, gold prices exhibited a bearish tendency, stabilizing below the main resistance level at $2430 per ounce and reaching a low of $2406. Technical Analysis Examining the 4-hour chart reveals the following: Resistance Levels: Price remains stable below the $2430 resistance.Stochastic Indicator: Showing a gradual loss …

During the previous trading session, the EUR/USD pair exhibited predominantly sideways trading with a bearish bias, failing to breach the 1.0875 resistance level and consequently recording a lower peak. Technical Analysis A closer examination of the 240-minute chart reveals several bearish signals: Stochastic Indicator: Currently providing negative signals, indicating the …

Oil prices extended their losses on Tuesday, with investors anticipating persistent U.S. inflation to maintain high interest rates, thereby dampening consumer and industrial demand. Brent crude futures declined by 64 cents, or 0.7%, to $83.07 a barrel by 0845 GMT. Concurrently, U.S. West Texas Intermediate (WTI) crude dropped by 64 …