We maintained an intraday neutral stance in our previous technical report, citing conflicting technical signals. The EUR/USD pair exhibited limited changes during the last trading session, fluctuating between levels just above 1.0850 and slightly below the psychological resistance barrier of 1.0900. In today’s technical analysis, a closer examination of the …
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In a recent client update, A.P. Moller-Maersk highlighted the adverse impacts of weather disruptions in northern European ports and the rerouting of ships away from the Red Sea. The company cited bottlenecks at container receiving berths due to these factors. Vessels were redirected from the Red Sea and the Gulf …
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The dollar maintained its position near a one-month high against major currencies on Thursday, supported by robust US retail sales data that reinforced expectations of a more measured approach to interest rate cuts by the Federal Reserve. The dollar index, gauging the greenback against a basket of six major currencies, …
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Oil prices experienced an increase on Thursday, buoyed by OPEC’s optimistic forecast for robust global oil demand growth over the next two years. Brent crude futures rose by 28 cents to reach $78.16 per barrel, while US West Texas Intermediate crude futures increased by 34 cents, reaching $72.90. According to …
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Gold prices rose on Thursday against the backdrop of a decline in the dollar and a decline in US 10-year Treasury bond yields, but remained near their lowest levels in five weeks as investor optimism about cutting interest rates faded after tough comments from a Federal Reserve official and strong …
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Oil, Crude, trading
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Oil, Crude, trading
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The Canadian dollar has experienced a gradual ascent in line with the anticipated positive outlook outlined in the preceding technical analysis, successfully reaching the initial target set at 1.3540, with its highest point recorded at 1.3542. Examining the technical aspects today, intraday trading is holding below the psychological resistance threshold …
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japanese-yen
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Oil, Crude, trading
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