Japan’s Nikkei index fell sharply on Thursday after Wall Street fell overnight ahead of the release of key jobs data that would provide clues on how quickly the Federal Reserve (US central bank) might start cutting interest rates. The Nikkei Nikkei fell 1.76 percent to 32,858.31 points at close, with …

Oil, Crude, trading

Oil, Crude, trading

In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …

japanese-yen

Oil, Crude, trading

US crude oil futures prices incurred significant losses yesterday within the expected negative outlook during the previous technical report, touching the targets to be achieved at 70.70, recording its lowest level at $69.13 per barrel. Technically, by looking at the 240-minute time frame chart, we notice continued negative pressure coming …

Gold prices are currently exhibiting a persistent negative trend, with limited fluctuations noted in the preceding trading session. Notably, the price has momentarily stabilized below the critical resistance levels of 2035 and, more significantly, 2040. Technically, a scrutiny of the 4-period chart reveals an ongoing negative cross of the simple …

The EUR/USD pair is currently exerting downward pressure on a robust support level, as highlighted in the previous technical report, positioned at 1.0760 and characterized by a descending trend. From a technical standpoint, intraday movements today demonstrate a sustained position below the pivotal resistance of the psychological threshold at 1.0800. …

Gold prices rose today, Wednesday, December 6, with the decline of the dollar, and US jobs data, which was weaker than expected, reinforced bets on the end of the US Federal Reserve’s monetary policy tightening cycle. Gold rose in instant transactions by 0.2% to $2,023.39 per ounce. US gold futures …