Euro and Yen Weaken as Investors Brace for Key Economic Updates The U.S. dollar maintained its strength, hovering near a one-month high against the euro and reaching a one-week peak against the yen on Tuesday. This resilience comes as traders anxiously await crucial U.S. inflation data and the Federal Reserve’s …

Asian stock markets displayed a cautious sentiment on Tuesday as investors grappled with renewed political uncertainty in Europe. Gains by right-wing parties in recent elections and the prospect of a snap poll in France have raised concerns about the cohesion of the European Union. Key Market Movements: MSCI Asia-Pacific Index: …

Oil prices edged lower on Tuesday, as market participants adopted a cautious stance in anticipation of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. These events are poised to offer valuable insights into the trajectory of inflation and its subsequent impact on fuel demand. Brent …

Oil, Crude, trading

The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …

japanese-yen

Oil, Crude, trading

WTI crude oil prices rebounded during the previous session, finding support at the pivotal 75.25 level we highlighted in our prior report. A break below this level would have signaled a continuation of the downward trend. On the 240-minute chart, we now observe positive crossover signals from the simple moving …

Gold’s price movement remains aligned with our previous technical assessment, continuing its downward corrective path, reaching a low of $2287.00 per ounce. On the 4-hour chart, we observe a clear break below the previously breached support level of 2318.00. This, coupled with negative pressure from the simple moving averages and …

The EUR/USD pair continues its descent, aligning with our previous bearish forecast. After briefly testing the 1.0730 level, the pair is approaching our initial downside target of 1.0710. On the 4-hour chart, we observe a potential retest of the recently breached 1.0760 support level. Simple moving averages maintain their downward …