The U.S. dollar rebounded in early European trading on Tuesday, reversing overnight declines. The euro weakened following the release of disappointing German employment figures. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, rose 0.1% to 104.165, after briefly falling …

European stock markets experienced a downturn on Tuesday, driven by investor caution ahead of the European Central Bank’s (ECB) upcoming policy meeting later in the week. As of 03:20 ET (07:20 GMT), the DAX index in Germany declined by 0.6%, the CAC 40 in France fell by the same margin, …

Asian share markets experienced a downturn on Tuesday as global investors awaited the official results of India’s general election and assessed the potential weakening of the U.S. economy’s exceptionalism amid further decline in manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, despite mild gains in U.S. …

Oil, Crude, trading

The Canadian dollar experienced a subdued trading session yesterday, characterized by narrow fluctuations within a broader bearish trend. The currency pair reached a low of 1.3603 against the US dollar. Technical analysis suggests a continuation of this downward momentum. The Stochastic oscillator on the 240-minute timeframe is showing signs of …

japanese-yen

Oil, Crude, trading

Gold prices experienced positive momentum yesterday, approaching the significant resistance level of 2340 and reaching an intraday high of $2354.00 per ounce. However, the technical outlook presents a mixed picture, with both bullish and bearish signals vying for dominance. On the 4-hour timeframe chart, the 50-day simple moving average is …

The EUR/USD pair has experienced a notable surge in the early trading sessions this week, breaching the key psychological resistance level of 1.0900 and reaching a high of 1.0915. Technical analysis indicates a potential shift in momentum towards the upside. On the 4-hour chart, the simple moving averages have crossed …

The U.S. dollar remained stable on Monday as investors grew increasingly confident about the possibility of the Federal Reserve cutting interest rates in 2024 due to signs of easing inflation. Meanwhile, the euro remained calm ahead of an expected rate cut by the European Central Bank this week. Emerging market …