Gold prices have continued their upward trajectory, in full alignment with the bullish expectations outlined in our previous report. The metal successfully reached the projected target at $3,390, recording a session high at that level. Technical Outlook: Following the test of the $3,390 resistance zone, prices experienced a mild intraday …
Read More »Euro Regains Momentum Against the Dollar — Will the Rally Continue? 6/8/2025
The euro is attempting to renew its bullish momentum against the U.S. dollar in early trading, after successfully holding above the key support level at 1.1525. Technical Outlook: The pair is currently trading near the session high of 1.1585. The chart indicates early signs of easing downside pressure from the …
Read More »Trump Discusses Federal Reserve Chair, Tariff Plans, and Trade Deals
In a recent interview with CNBC, President Donald Trump made several key announcements regarding U.S. economic policy, including his thoughts on the Federal Reserve chairmanship, new tariffs, and ongoing international trade negotiations. Fed Chair AppointmentTrump confirmed that Scott Bessent has declined consideration for the role of Federal Reserve Chair, sparking …
Read More »Wall Street Futures Edge Higher as Fed Rate Cut Bets and Earnings Reports Drive Market Sentiment
U.S. stock futures inched higher on Tuesday, bolstered by growing optimism over potential Federal Reserve interest rate cuts, while investors shifted their focus to a fresh batch of corporate earnings reports. At 6:51 a.m. ET, S&P 500 E-minis were up 16.75 points, or 0.26%, Nasdaq 100 E-minis gained 90 points, …
Read More »Oil Prices Steady Amid Rising OPEC+ Supply and Tariff Concerns Over India’s Russian Oil Purchases
Oil prices remained little changed on Tuesday as traders weighed the impact of rising supply from OPEC+ and concerns about weaker global demand, against U.S. President Donald Trump’s threats to impose tariffs on India over its Russian oil imports. OPEC+ Boosts Production Amid Supply Concerns The Organization of the Petroleum …
Read More »U.S. Dollar Steadies Amid Fed Rate Cut Expectations and Slowing Economy
The U.S. dollar stabilized on Tuesday after suffering losses following the disappointing July jobs report, as traders focused on the potential for further Federal Reserve rate cuts amid growing concerns over a slowing U.S. economy. Dollar Index Rises After Payrolls Data Impact At 04:15 ET (08:15 GMT), the Dollar Index, …
Read More »Bitcoin Remains Rangebound Amid U.S. Tariff Concerns and Economic Uncertainty
Bitcoin remained largely unchanged on Tuesday, staying within its recent trading range as traders weighed the growing uncertainty surrounding U.S. trade tariffs and economic growth, which kept risk appetite subdued. The world’s largest cryptocurrency was flat at $114,373.5 as of 00:57 ET (04:57 GMT), continuing its struggle to build on …
Read More »Gold Prices Steady as Markets Anticipate Fed Rate Cuts Amid Rising Trade Tensions
Gold prices held steady on Tuesday after three consecutive days of gains, buoyed by growing expectations that the Federal Reserve will implement a rate cut in September. This sentiment was further fueled by concerns over the U.S. economy and escalating trade tensions, which continue to provide support for safe-haven assets …
Read More »U.S. Dollar Stabilizes After Job Report and Fed Concerns
The U.S. dollar found some support on Monday after it fell sharply on Friday following a disappointing U.S. jobs report and President Donald Trump’s dismissal of a top statistics official. The combination of these events prompted investors to ramp up expectations of imminent rate cuts by the Federal Reserve. The …
Read More »BP Shares Rise Following Major Oil Discovery Offshore Brazil
Shares of BP (LON:BP) (NYSE:BP) rose on Monday after the energy giant announced a significant oil and gas discovery offshore Brazil, marking the company’s largest find in 25 years. The discovery was made in the Santos basin, located in a deepwater pre-salt region, which is known for being one of …
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