The Dow Jones Industrial Average (DJIA) extended its gains on Wall Street, reaching a high of 47,671. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to support the broader upward trend and provides consistent positive momentum. The Relative Strength Index (RSI) is also delivering positive signals, …

The USD/CAD pair saw a sharp decline after failing to sustain trading above the key psychological resistance at 1.4000, pushing the pair firmly into a bearish trend. Technical Outlook – 4-Hour Timeframe: Simple moving averages continue to apply downward pressure, reducing the likelihood of any meaningful recovery. The Relative Strength …

Positive momentum has returned to support the GBP/USD pair, benefiting from the recent decline in the US dollar. Technical Outlook – 4-Hour Timeframe: The simple moving averages are once again providing upward support, reinforcing the bullish bias. The Relative Strength Index (RSI) is also showing positive signals, indicating renewed strength …

Selling pressure continues to dominate U.S. crude oil futures, with price action stabilizing near the session low at $58.66. Technical Outlook – 4-Hour Timeframe: Oil remains pressured along a descending trendline, maintaining a bearish structure. The lack of support from the 50-period simple moving average reinforces the downside bias and …

Gold prices rebounded strongly in the previous session, reaching a high of $4,236 per ounce. Technical Outlook – 4-Hour Timeframe: Simple moving averages are providing positive momentum and acting as dynamic support, which may support further upside movement. The Relative Strength Index (RSI) continues to send bullish signals, reflecting a …

An upward trend continues to dominate the EUR/USD pair after successfully finding support at the key psychological level of 1.1600. Technical Outlook – 4-Hour Chart: Bullish signals are aligning clearly: simple moving averages have turned upward with positive crossovers, strengthening the current momentum. The Relative Strength Index (RSI) is also …

Bitcoin edged slightly higher on Tuesday, stabilizing after a sharp selloff at the start of December that dragged the world’s largest cryptocurrency below the $84,000 mark. By 01:58 ET (06:58 GMT), Bitcoin was up 0.6% at $87,087.6, after dropping more than 7% on Monday and briefly trading under $84,000. The …

U.S. stock futures ticked higher on Tuesday, as investors weighed soft manufacturing data, rising expectations of a Federal Reserve rate cut next week, and uncertainty over who will replace Jerome Powell as Fed Chair. By 05:55 ET (10:55 GMT): Dow Jones futures were up 80 points (+0.2%) S&P 500 futures …

European equities traded without clear momentum on Tuesday, with investors cautious ahead of major central bank decisions scheduled for the final month of the year. By 03:05 ET (08:05 GMT): Germany’s DAX rose 0.1% UK’s FTSE 100 added 0.1% France’s CAC 40 slipped 0.1% Global Monetary Policy in Focus European …

UK house prices rose slightly faster than expected in November ahead of finance minister Rachel Reeves’ budget, with stronger wage growth offering some relief to stretched buyers, according to data from mortgage lender Nationwide on Tuesday. On a seasonally adjusted basis, house prices increased 0.3% in November, following a 0.2% …