Oil prices surged sharply in Asian trading on Thursday, rebounding from multi-year lows as U.S. concessions on recent tariffs helped lift market sentiment. The recovery came as traders weighed increased U.S. tariff pressures on China, Canada, and Mexico against expectations of higher oil supplies following an OPEC+ agreement to boost …
Read More »European Markets Rally on Tariff Compromise Hopes and German Fiscal Boost
European stock markets surged on Wednesday as investors rallied on expectations that a compromise on U.S. trade tariffs may be in the offing, while strong policy moves in Germany to boost defense spending further lifted sentiment. At 06:20 ET (11:20 GMT), Germany’s DAX climbed 3.4%, France’s CAC 40 gained 2%, …
Read More »Dollar Falls to Three-Month Low as Trade War Fears Weigh, Euro Gains on Stimulus Hopes
The U.S. dollar slipped further on Wednesday, reaching a three-month low as concerns mounted that a trade war initiated by President Donald Trump could slow growth in the world’s largest economy. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, …
Read More »Bitcoin Rebounds Amid Tariff Uncertainty and Dip Buying
Bitcoin rebounded on Wednesday after an extended rout in crypto prices spurred some bargain buying. The recovery was fueled by hopes that U.S. President Donald Trump might scale down his aggressive trade tariffs, which have weighed on risk appetite in recent sessions. After wild swings this week, Bitcoin—long the flagship …
Read More »Dow Jones suffers huge losses 5/3/2025
Oil, Crude, trading
Read More »CAD looking for more momentum 5/3/2025
The Canadian dollar continues its gradual upward movement, following the expected bullish path from the previous trading session, and recently reached a high of 1.4543. Technical Outlook Bullish Signals: On the 4-hour chart, the simple moving averages are providing strong upward support. Positive signals from the 14-day momentum indicator on …
Read More »GBP continues to make gains 5/3/2025
Oil, Crude, trading
Read More »Oil is facing a selling wave 5/3/2025
US crude oil futures experienced a selling wave in line with our negative outlook, reaching the first target at $67.20 and recording a low of $66.80 per barrel. Technical Outlook Bearish Signals: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the …
Read More »Gold achieves the desired goal 5/3/2025
Gold continued its upward trend, in line with our previous outlook. The breach of 2893 acted as a catalyst, pushing prices toward the first target of 2910 and the second target of 2920, with the recent high reaching $2927 per ounce. Technical Outlook Bullish Signals: The Relative Strength Index (RSI) …
Read More »Euro touches desired targets 5/3/2025
The US dollar against the US dollar reached the expected target path in the previous report, hitting its official target at 1.0540 and recording 1.0600 at the time of this report. From today’s technical perspective, on the 4-hour chart the simple moving averages continue to provide positive momentum, while the …
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