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Positive momentum has taken control of US crude oil futures, defying the previously anticipated negative outlook. The emphasis was on stability below the resistance level of 77.80, with a clear indication that surpassing this level would thwart the bearish scenario. This prediction materialized as oil prices rose above 77.80, reaching …

Gold prices are endeavoring to sustain the gains made throughout this week’s trading, reaching a peak yesterday at around $2052 per ounce. From a technical analysis perspective today, on the 240-minute time frame chart, the 50-day simple moving average continues to support the ongoing upward trend. This support is reinforced …

The EUR/USD pair has returned to the robust support level highlighted in the previous technical report, situated at 1.0960. It has maintained stability above this level at the commencement of today’s trading. From a technical analysis standpoint, the 50-day simple moving average continues to provide a positive impetus, aligning with …

Gold prices touched their highest levels in nearly seven months on Wednesday thanks to a decline in the dollar and US bond yields, with investors growing more confident that the Federal Reserve will cut interest rates during the first half of next year. By 06:32 GMT, gold in instant transactions …

The dollar rose on Wednesday after falling to its lowest level in more than three months on hopes that the Federal Reserve will cut interest rates soon. The New Zealand dollar was one of the best performing currencies, rising 0.49 percent to $0.6166 after the Reserve Bank of New Zealand …

German stocks led gains in Europe on Wednesday after data indicated a decline in inflation in the country’s most populous state, reinforcing expectations that the European Central Bank will cut interest rates next year. The German DAX index rose 1 percent to touch a four-month high after data showed that …

The Japanese Nikkei index ended the session on Wednesday with a decline amid tepid trading, as investors continued to sell shares to take profits after a rise witnessed last week. The Nikkei index fell 0.26 percent to 33,321.22 points after opening with a decline of 0.49 percent and then rising …

Oil prices rose on Wednesday after a storm in the Black Sea region disrupted Kazakhstan and Russia’s crude exports, raising fears of supply shortages as investors awaited a decisive decision from the OPEC+ alliance that could increase or extend production cuts. By 0127 GMT, Brent crude futures rose 33 cents, …

Oil, Crude, trading