The U.S. dollar experienced a slight dip in early European trading on Tuesday, attributed to a minor uptick in risk sentiment. However, trading ranges remained narrow as investors eagerly awaited the release of crucial inflation data. As of 04:25 ET (08:25 GMT), the Dollar Index, which measures the greenback against …

European stock markets displayed a mixed performance on Tuesday, with the return of U.K. markets after a holiday break. Investors eagerly anticipated key inflation data from both Europe and the United States, seeking insights into the future direction of monetary policy. Early in the trading day, Germany’s DAX index edged …

Gold prices found their footing in Asian markets on Tuesday, buoyed by a slightly weaker dollar. Traders were on edge, awaiting a series of crucial inflation readings this week, particularly the U.S. Personal Consumption Expenditures (PCE) index. The precious metal managed to recover some of its losses from the previous …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices have aligned with our previous technical forecast, reflecting a downward trend while trading below the $77.70 resistance level. However, as anticipated, a consolidation above this level triggered a recovery, pushing prices to a high of $78.90 in early trading today. Technical Indicators Support Potential for …

Gold prices experienced a significant boost in early trading this week, solidifying their position above the key psychological resistance level of $2400 per ounce. Previous technical analysis highlighted the potential for a direct recovery towards $2330 once prices held above $2295, a prediction validated by gold’s recent peak of $2358. …

The EUR/USD pair kicked off the week with a notable surge, reaching a high of 1.0880 during today’s morning trading session. Technical Analysis Supports Upward Momentum A close examination of the 4-hour chart reveals a bullish scenario. The simple moving averages have aligned to support the prevailing daily upward trend. …

German business confidence unexpectedly stagnated in May, defying forecasts of improvement. This suggests that the nation’s economic recovery this year will likely be a slow and gradual process. The Ifo institute’s business climate index held steady at 89.3 in May, falling short of analysts’ expectations of a reading of 90.4. …