Goldman Sachs reported a 22% increase in profit for Q2, driven by record equities trading revenue and a resurgence in investment banking activity. The strong results reflect how market volatility, partly fueled by trade policy uncertainties, has benefited Wall Street’s trading desks. Key Results: Profit: $3.7 billion, or $10.91 per …

European stock markets showed mixed results on Wednesday, as investors reacted to weak earnings updates, trade negotiations, and corporate performance expectations. Key Market Movements: STOXX 600 Index: Fell 0.2% to 544.14 points. Germany’s DAX: Up 0.1%. Spain’s IBEX: Rose 0.7%. UK’s FTSE 100: Gained 0.2%. France’s CAC 40: Flat. ASML’s …

Gold prices rose slightly on Wednesday, recovering some overnight losses after stronger-than-expected U.S. consumer inflation data boosted the dollar and dampened expectations of near-term interest rate cuts. However, ongoing uncertainties surrounding U.S. trade tariffs, the Federal Reserve’s independence, and geopolitical tensions continued to support demand for safe-haven assets like gold. …

Oil prices rebounded on Wednesday after two days of losses, as OPEC+ expressed confidence in global demand despite an increase in output, and investors weighed a slight rise in U.S. crude inventories. Key Highlights: Brent Crude: Brent futures for September rose 0.4% to $69.01 per barrel. WTI Crude: U.S. West …

Oil, Crude, trading

The USD/CAD pair continued its steady upward movement, in line with the expected bullish trend, approaching the previously identified technical target at 1.3740 after reaching a session high of 1.3730. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to provide dynamic support, reinforcing the pair’s bullish …

Oil, Crude, trading

U.S. crude oil futures extended their bearish momentum in the previous trading session, falling to a low of $66.25 per barrel. Technical Outlook – 4-Hour Timeframe: Intraday movements are showing signs of mild recovery attempts from oversold conditions. The Relative Strength Index (RSI) is attempting to generate early positive signals, …

Gold prices experienced significant volatility during yesterday’s session, following the release of U.S. inflation data that strengthened the dollar and exerted downward pressure on gold. As noted in our previous report, a break below $3,340 reactivated the bearish scenario, which materialized after gold dipped to $3,320. Technical Outlook – 4-Hour …

The EUR/USD pair extended its decline in the previous trading session, in line with the bearish outlook outlined in the prior technical report. The pair reached the expected target at 1.1610, recording a session low of 1.1593. Technical Outlook – 4-Hour Timeframe: Intraday price action reflects attempts at recovery driven …