Oil prices in Asian trading remained nearly unchanged on Friday, hovering close to their weakest levels for the year, as fears of increased U.S. trade tariffs continued to dampen risk appetite. Brent crude futures for May delivery rose 0.2% to $69.60 per barrel, while West Texas Intermediate crude futures climbed …
Read More »Bitcoin Drops as Trump’s Crypto Reserve Fails to Impress
Bitcoin fell 4.8% on Friday, sliding to $88,296.5 by 00:46 ET (05:46 GMT) as investor enthusiasm waned following U.S. President Donald Trump’s unveiling of a strategic reserve for cryptocurrency. The announcement, which came shortly after Trump’s crypto czar, David Sacks, outlined plans for the reserve, failed to spark significant market …
Read More »Dow Jones Awaits US Jobs 7/3/2025
Oil, Crude, trading
Read More »CAD gradually loses upward momentum 7/3/2025
The Canadian dollar continues its gradual upward movement, following the expected bullish path from Negative pressure dominated the Canadian dollar’s movement during the previous session. The recent price action—marked by a low of 1.4240—suggests that a break below the support level of 1.4410 could trigger further downside, with a target …
Read More »GBP looks for additional momentum 7/3/2025
Oil, Crude, trading
Read More »Oil: Negative pressure continues 7/3/2025
US crude oil futures fell significantly, surpassing the target of 66.20 mentioned in our previous report, and reached a low of $65.62 per barrel. Technical Outlook Bearish Indicators: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the 68.20 support level—which has …
Read More »Gold Looks for Trend, Eyes on NFP 7/3/2025
Yesterday, gold experienced a bearish trend, approaching the previously identified support at 2886 and recording a low of 2891. Technical Outlook Chart Patterns: On the 4-hour timeframe, an ascending technical formation resembling an inverted head and shoulders is visible. The simple moving averages continue to support the daily upward trend, …
Read More »Euro extends gains 7/3/2025
The Euro extended its gains during the previous trading session, surpassing the target of 1.0715 and reaching a high of 1.0853. Technical Outlook Bullish Support: On the 4-hour chart, the simple moving averages continue to support the daily upward trend. Intraday trading remains stable above the resistance level of 1.0715—now …
Read More »European Stocks Present Modest Upside Despite Valuation Concerns
Goldman Sachs strategists have signaled a modest upside for European stocks, even as the market continues to show strong performance forecasts for 2025. In a recent note, Guillaume Jaisson and his colleagues highlighted that while Europe now trades at a forward P/E of 14.2x—slightly above historical averages—it still commands a …
Read More »Gold Rises as Dollar Falls on Tariff Delay and Payroll Data Anticipation
Gold prices edged higher in Asian trading on Thursday as the U.S. dollar slid to a four-month low amid indications that President Donald Trump might be open to negotiating his recently imposed steep trade tariffs. Spot gold inched up 0.1% to $2,921.42 per ounce, while April gold futures gained 0.1% …
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