Major currencies stabilized on Monday as investors braced for continued dollar losses that began at the end of last week after the Federal Reserve eased its statements indicating monetary tightening. The dollar index fell 0.08 percent to 104.99, and the euro rose 0.08 percent to $1.0738. The dollar index fell …

In a move to maintain a tight supply, the world’s largest oil exporters, Saudi Arabia and Russia, confirmed the extension of voluntary production cuts until the end of the year. Brent crude futures increased by 0.5 percent, reaching $85.30 per barrel, while US West Texas Intermediate crude rose to $81.05 …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar finds itself under negative pressure as market conditions persist. Analyzing the technical aspects, we observe a consistent downward trend on the 4-hour chart, with the simple moving averages exerting consistent pressure on the currency from above. Additionally, the Relative Strength Index signals negative trends. As long as …

japanese-yen

Oil, Crude, trading

US crude oil futures experienced a setback as they encountered a crucial resistance level mentioned in the previous technical report at $83.55. This led to substantial losses, aligning with the anticipated negative outlook and touching the predefined target of $80.30, marking its lowest point at $80.15 per barrel. Upon analyzing …

Gold prices exhibited a series of mixed trades during Friday’s trading session, oscillating in both upward and downward directions. As previously noted, the potential for an upward surge was evident if the price managed to consolidate above the crucial level of 1977, coupled with a confirmed breakthrough at 1994. This …

In a remarkable display of strength, the EUR/USD pair secured substantial gains in the final week of trading, capitalizing on the weakening US dollar. It successfully surpassed all predetermined upward targets, reaching a notable high of 1.0746 after hitting the third target at 1.0720. Analyzing the technical landscape today, a …