DowJones

The USD/CAD pair is trading within a narrow sideways range, supported at 1.3750 and capped by resistance just below 1.3800. Technical Outlook – 4-hour timeframe: Technical indicators point to a possible resumption of the uptrend, backed by the 50-period simple moving average, which continues to provide support. However, early signs …

Oil, Crude, trading

In our previous report, we maintained a bearish outlook, and US WTI crude oil futures extended their decline, recording a low of $62.97 per barrel. Technical Outlook – 4-hour timeframe: Selling pressure remains strong as prices continue to trade below the simple moving averages, which serve as a firm barrier …

Gold prices (XAU/USD) experienced mixed but predominantly negative movement, reaching their lowest level in the previous session at $3,331 per ounce. Technical Outlook – 4-hour timeframe: During mid-day trading yesterday, gold attempted a modest rebound after the Relative Strength Index (RSI) entered sharp oversold territory, triggering limited upside movement. However, …

The euro continues to record gradual and quiet gains against the US dollar, approaching a breakout above the psychological barrier of 1.1700 after touching a high of 1.1697. Technical Outlook – 4-hour timeframe: Technical indicators continue to support the bullish bias, with the 50-period simple moving average acting as a …

U.S. consumer price growth was slower than expected in July, potentially strengthening the case for the Federal Reserve to cut interest rates at its next policy meeting in September. The Bureau of Labor Statistics’ consumer price index (CPI), a closely watched inflation gauge, rose 2.7% in the twelve months to …

Bitcoin experienced a sharp decline on Tuesday, reversing much of its weekend gains as risk appetite waned in anticipation of key U.S. inflation data. The drop in Bitcoin prices largely offset optimism stemming from favorable regulatory developments in the United States. Bitcoin fell 2.8% to $118,630.4 by 01:31 ET (05:31 …

Oil prices remained relatively stable on Tuesday, supported by the extension of the U.S.-China tariff truce, which eased concerns over a potential escalation in their trade war that could hurt oil demand. Brent crude futures edged down by 2 cents to $66.61 per barrel by 0904 GMT, while U.S. West …

European stocks saw modest gains on Tuesday, bolstered by news of the U.S.-China tariff truce extension, while investors awaited the release of key U.S. inflation data. At 03:10 ET (07:10 GMT), the DAX index in Germany rose by 0.3%, the CAC 40 in France gained 0.5%, and the FTSE 100 …