Bitcoin surged to an unprecedented high above $106,000 on Monday, fueled by optimism surrounding a potentially favorable regulatory environment under President-elect Donald Trump. His comments about creating a U.S. strategic bitcoin reserve—akin to the nation’s oil reserves—further bolstered market enthusiasm for cryptocurrencies. Key Highlights: Bitcoin Price Surge: Bitcoin reached a …

Oil futures eased slightly on Monday after reaching their highest levels in weeks, as traders booked profits ahead of the Federal Reserve’s final policy meeting of the year. Despite the decline, prices remain supported by fears of supply disruptions linked to potential U.S. sanctions on major oil exporters like Russia …

Gold prices remained relatively flat during Asian trading on Monday as investors tread cautiously ahead of the Federal Reserve’s final policy meeting for 2024. A stronger dollar and mixed signals on U.S. interest rate expectations added pressure to the precious metal, while industrial metals, such as copper, faced headwinds from …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Mixed trading dominated the movements of US crude oil futures, with prices reaching the initial target highlighted in the previous technical report at 71.10, and recording a high of $71.38 per barrel. From a technical perspective, the 240-minute chart indicates that prices are currently stabilizing above the minor support level …

Gold prices followed the expected upward trend outlined in the previous technical report, where the stability of trading above the 2678 support level was highlighted. However, as noted, breaking the 2670 support level would halt the bullish scenario, placing gold under negative pressure. This scenario materialized, with prices reaching a …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

U.S. stock index futures edged higher on Friday, recovering from the previous session’s losses on Wall Street. Investors turned their attention to strong guidance from chipmaker Broadcom and the Federal Reserve’s upcoming policy meeting, set to shape the outlook for interest rates as the year closes. As of 05:50 ET …