Oil prices declined on Thursday as the stronger U.S. dollar and expectations of prolonged high interest rates raised concerns about potential demand reduction. Brent futures dropped 0.3% to $83.34 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $79.00. Both benchmarks are on track for monthly losses, …

Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil experienced mixed trading yesterday, oscillating between gains and losses while approaching the previously identified target of 80.75. The commodity reached an intraday high of $80.60 per barrel before encountering resistance. Technical analysis reveals a shift in momentum. The price failed to sustain above the $80.00 level and …

Gold prices have reversed their previously expected upward trajectory, breaking below the critical 2340 support level as outlined in the previous technical report. This development has initiated a bearish turn in the market, with prices currently trading below the 23.60% Fibonacci retracement level on the 4-hour timeframe chart. Further technical …

The EUR/USD pair has breached a critical support level at 1.0810, as previously highlighted in our technical analysis. This breach has triggered a wave of selling pressure, driving the pair down to a new low of 1.0790 in early trading. Examining the 4-hour chart, we observe that the euro has …

U.S. stock index futures retreated on Wednesday, with megacap stocks feeling the heat from rising Treasury yields. This surge in yields fueled concerns about the timing of the Federal Reserve’s potential interest rate cuts. Tech giants like Apple, Meta, and Nvidia experienced declines in premarket trading, as the yield on …

The U.S. dollar strengthened in early European trading on Wednesday, driven by growing expectations that the Federal Reserve will postpone interest rate cuts until later this year. This upward movement was also supported by rising U.S. Treasury yields, fueled by a lackluster debt auction. At 04:10 ET (08:10 GMT), the …