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 …

The greenback slid sharply after the October non-farm payrolls report showed employment rising by 150k, underperforming estimates of 180k. Last month’s print was also revised down from 336k to 297k. Unemployment edged up to 3.9% from 3.8% as participation rates dipped to 62.7%. Meanwhile, wage inflation slowed slightly as average …

The gold market has been seeing some two-way price action of late. After hitting close to $2,000 last month on geopolitical worries, Gold is poised for its first weekly loss in nearly a month as safe-haven demand cools ahead of today’s key US jobs data. Gold edged higher intraday but …