The Canadian dollar has resumed an upward corrective trend after establishing a solid support base The Canadian dollar met its initial upside target at 1.4000, with the pair registering a session high of 1.4004 during the previous trading session. From a technical perspective, the 1.4000 psychological resistance level has exerted …
Read More »GBP Attempts a Gradual Recovery 16/5/2025
Oil, Crude, trading
Read More »Oil Traders Should Monitor Price Behavior Closely 16/5/2025
U.S. crude oil futures aligned with the expected upward movement in the previous session, as the price held above the pivotal $61.20 support level. Although the market briefly dipped to $60.11, triggering a pullback that offset earlier long positions, the broader technical structure remains constructive. On the 4-hour chart, the …
Read More »Gold Risks Further Loss of Momentum 16/5/2025
Gold prices declined sharply in the previous session, pressured by profit-taking after strong gains earlier in the year. The market reached key downside targets outlined in the previous report, with prices falling Gold prices saw mixed trading in the previous session, briefly approaching the first downside target at $3,112 before …
Read More »Euro Trades Within a Sideways Range 16/5/2025
The EUR/USD pair traded within a narrow sideways range during the previous session, with limited attempts to generate short-term gains amid subdued momentum. From a technical perspective, the 4-hour (240-minute) chart shows the pair continuing to trade below the 50-period simple moving average, which is acting as a firm resistance …
Read More »Wall Street Futures Slip as Focus Shifts to Economic Data and Walmart Earnings
U.S. stock index futures slipped on Thursday, easing from a strong week-to-date rally as investors awaited fresh inflation readings and retail sales data that could shape the Federal Reserve’s next move on interest rates. At 05:50 ET (09:50 GMT), Dow Jones Futures fell 135 points, or 0.3%, while S&P 500 …
Read More »Bitcoin Holds Near Highs Amid Fed Uncertainty, eToro’s Nasdaq Debut Sparks Industry Optimism
Bitcoin extended its pullback on Thursday, but the world’s largest cryptocurrency remained supported above the crucial $100,000 mark, as markets remained cautiously optimistic ahead of key U.S. inflation data that could shape the Federal Reserve’s interest rate path. As of 02:02 ET (06:02 GMT), Bitcoin slipped 1.3% to $102,422.5, retreating …
Read More »Oil Prices Plunge as Prospects of U.S.-Iran Nuclear Deal Rattle Supply Outlook
Oil prices tumbled sharply on Thursday as traders reacted to fresh signals that a nuclear agreement between the United States and Iran could be imminent—raising the potential for a substantial boost in global crude supply. As of 04:05 ET (08:05 GMT), Brent crude futures fell 3.1% to $64.06 per barrel, …
Read More »Gold Hits One-Month Low as U.S.-China Trade Truce Undermines Haven Demand
Gold prices slid to a one-month low in Asian trading on Thursday, continuing a recent losing streak as markets digested the impact of the U.S.-China trade deescalation. A stronger dollar, higher Treasury yields, and anticipation of key U.S. economic data further dampened sentiment toward the yellow metal. As of 01:09 …
Read More »Dow Jones struggles to hold above Key support 15/5/2025
Oil, Crude, trading
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