Gold prices exhibited positive movement in the previous session, attempting to halt the ongoing downward correction and showing temporary stability above 2884. From a technical perspective, despite the bullish momentum observed yesterday, a closer look at the 4-hour chart reveals that the price remains stable above 2868, which corresponds to …
Read More »Euro attacks resistance 4/3/2025
The pair began the week on a bullish note, successfully breaking through the strong resistance level of 1.0450, as highlighted in the previous report. This breakout served as a catalyst for further upside potential, driving the price to a high of 1.0505, with the next target at 1.0540. From a …
Read More »Oil Prices Gain on Strong Chinese Manufacturing Data Amid Geopolitical Uncertainty
Oil prices edged higher on Monday, buoyed by upbeat Chinese manufacturing data, as traders assessed geopolitical developments, including efforts to resolve the Russia-Ukraine conflict and the impact of U.S. tariffs. As of 08:30 ET (13:30 GMT), Brent crude futures for May delivery rose 0.6% to $73.24 per barrel, while West …
Read More »Gold Prices Rise Amid Dollar Weakness and Geopolitical Concerns
Gold prices edged higher in Asian trading on Monday, supported by a weaker U.S. dollar and persistent geopolitical uncertainties. Investors turned to the precious metal as a safe-haven asset amid ongoing trade policy tensions and stalled Russia-Ukraine peace talks. Spot gold increased by 0.3% to $2,865.69 per ounce, while April …
Read More »Bitcoin Surges as Trump Confirms Crypto Strategic Reserve Plans
Bitcoin surged on Monday, extending a sharp rebound from last week’s losses after U.S. President Donald Trump reaffirmed his commitment to establishing a Crypto Strategic Reserve. The move, which includes Bitcoin among other major cryptocurrencies, fueled a rally across digital asset markets. The world’s largest cryptocurrency briefly touched $94,901.96 before …
Read More »European Markets Rise as Investors Await Inflation Data and ECB Policy Decision
European stock markets opened the week on a positive note, with investors closely monitoring upcoming inflation data from the eurozone ahead of the European Central Bank’s (ECB) policy-setting meeting. As of early trading on Monday, Germany’s DAX index advanced by 0.9%, France’s CAC 40 gained 0.2%, and the UK’s FTSE …
Read More »Dow Jones makes significant gains 3/3/2025
Oil, Crude, trading
Read More »CAD breaks through resistance 3/3/2025
The Canadian dollar surged against the U.S. dollar, posting notable gains after successfully rebounding from the support level at 1.4370, reaching a high of 1.4472. From a technical perspective, the 4-hour chart indicates that the simple moving averages continue to provide support from below, reinforcing the potential for further upside. …
Read More »GBP holds below resistance 3/3/2025
Oil, Crude, trading
Read More »Oil retests resistance 3/3/2025
U.S. crude oil futures attempted to rise, reaching a high of $70.51 per barrel but failed to maintain stability above the key psychological resistance at $70.00. From a technical perspective, the 4-hour chart indicates bearish momentum, as the Relative Strength Index (RSI) remains below the 50 midline, coupled with a …
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