US stock futures traded slightly lower on Friday as investors awaited a key labor market report that could influence the Federal Reserve’s next decision on interest rates. By 06:21 ET (10:21 GMT), Dow futures had declined by 130 points (0.3%), S&P 500 futures were down by 34 points (0.6%), and …
Read More »Dollar Weakens Ahead of Key U.S. Payroll Data as Market Awaits Fed’s Next Move
The U.S. dollar hit a one-month low against the yen and a one-week low versus the euro on Friday, as traders exercised caution ahead of a key U.S. jobs report. Mixed signals from recent employment data have added uncertainty to the market, influencing expectations for the Federal Reserve’s next interest …
Read More »Oil Prices Inch Higher Amid Caution Ahead of Key U.S. Employment Data
Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …
Read More »U.S. Dollar Falls as Economic Concerns Fuel Expectations of Fed Rate Cut
The U.S. dollar dropped to a one-month low against the yen and faced pressure from other major currencies on Thursday as concerns about the U.S. economic outlook fueled expectations of a substantial interest rate cut from the Federal Reserve in the coming week. The yen reached a one-month high earlier, …
Read More »European Shares Dip Amid Caution Ahead of U.S. Labor Data
European stocks continued their downward trend for the fourth consecutive session on Thursday, as investors remained cautious, awaiting key economic data from the eurozone and tracking U.S. labor market figures to assess the Federal Reserve’s future interest rate decisions. As of 0715 GMT, the pan-European STOXX 600 index dipped by …
Read More »Dow Jones faces negative pressure 5/9/2024
Oil, Crude, trading
Read More »USD/JPY breaks support 5/9/2024
japanese-yen
Read More »GBP attacks resistance 5/9/2024
Oil, Crude, trading
Read More »A negative oil scenario may occur 5/9/2024
US crude oil futures extended their losses during the European trading session, reaching the first official target of $69.00 and recording a low of $68.85 per barrel. From a technical perspective, oil found solid support near $69.00, leading to some temporary gains. However, a closer look at the 4-hour chart …
Read More »Gold needs extra momentum 5/9/2024
Gold prices saw positive attempts within the expected upward trend mentioned in the previous report, reaching a high of around $2,500 per ounce. From a technical standpoint today, after achieving the official target of $2,470 earlier this week, we note that the price has stabilized above this level, encouraging clear …
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