US WTI crude oil futures reversed the upward trend anticipated in the previous technical outlook, which had been based on trading above the 63.65 level, instead recording a low of $63.07 per barrel. Technical Outlook – 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support …
Read More »Gold Approaches 3400 — Will It Break Through? 27/8/2025
Gold prices (XAU/USD) posted strong gains in the previous session, achieving the projected technical target at $3,392 and recording a high of $3,393, in line with prior bullish expectations. Technical Outlook – 4-hour timeframe: The metal is trading firmly above the 50-period simple moving average, which continues to support the …
Read More »Can the Euro Maintain Its Ground Above 1.1600? 27/8/2025
Mixed trading characterized the movements of the EUR/USD pair in the previous session, as it attempted to maintain stability above the 1.1600 level. Technical Outlook – 4-hour timeframe: Intraday action reflects the continuation of bearish pressure, with the pair remaining below the 50-period simple moving average, which acts as dynamic …
Read More »U.S. Stock Futures Dip on Fed Independence Concerns Ahead of Key Data and Nvidia Earnings
U.S. stock index futures edged lower Tuesday as markets reacted to President Donald Trump’s abrupt dismissal of Federal Reserve Governor Lisa Cook, intensifying fears over political interference in the central bank. At 05:55 ET (09:55 GMT), Dow Jones Futures fell 70 points, or 0.2%, S&P 500 Futures dropped 6 points, …
Read More »Bitcoin Drops to Seven-Week Low Amid Fed Independence Concerns
Bitcoin tumbled to a seven-week low on Tuesday as investors shunned risk following U.S. President Donald Trump’s unprecedented dismissal of Federal Reserve Governor Lisa Cook, raising concerns over the central bank’s independence. As of 01:59 ET (05:59 GMT), Bitcoin traded 1.8% lower at $110,231.8, its lowest since July 9, retreating …
Read More »Gold Rises as Fed Independence Concerns Fuel Safe-Haven Demand
Gold Gains on Political UncertaintyGold prices climbed in Asian trading on Tuesday as investors sought safety after U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook, raising concerns over the central bank’s independence. Spot gold rose 0.3% to $3,375.29 per ounce, while October futures were up 0.2% …
Read More »European Stocks Fall as Fed Uncertainty and Political Risks Weigh on Sentiment
Markets Slide Across the RegionEuropean equities opened sharply lower on Tuesday, tracking Wall Street’s losses and pressured by renewed concerns over U.S. trade policy and domestic political instability in France. As of 03:35 ET (07:35 GMT), Germany’s DAX was down 0.5%, France’s CAC 40 slumped 1.8%, and London’s FTSE 100 …
Read More »Dow Jones Faces Negative Pressure 26/8/2025
The Dow Jones Industrial Average (DJI30) witnessed bearish movements during yesterday’s trading session, following a series of record closings. Technical Outlook for Today’s Session – 4-Hour Timeframe: Technically, the 50-day simple moving average (SMA) is a barrier pressuring the price from above and acting as a resistance level. The RSI …
Read More »Canadian Dollar Between Trend and Correction 26/8/2025
The USD/CAD pair recovered gradually from previous session losses, posting a bullish rebound that lifted the pair to a high of 1.3865. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support the potential for a bullish daily price path, reinforced by the pair’s stability above the …
Read More »Bearish Technicals Weigh Heavily on GBP 26/8/2025
Negative trading dominated the movements of the GBP/USD pair during the morning session, following its failure to achieve a daily close above the psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The pair’s continued stability below the simple moving average strengthens the likelihood of sustained selling pressure, particularly with …
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