The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …

European stock indices showed mixed but subdued movement on Wednesday, as investors awaited key U.S. inflation data. The DAX index in Germany remained relatively unchanged, France’s CAC 40 slipped by 0.2%, and London’s FTSE 100 saw a slight uptick of 0.1%. U.S. Inflation in Focus for Global Investors With little …

Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …

Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures experienced mixed trading, attempting to pare losses after reaching a low of $67.78 per barrel. From a technical standpoint, oil prices remain under negative pressure, driven by continued movement below the simple moving averages. Additionally, the price is currently stabilizing below the key resistance level at …

Gold prices faced significant selling pressure during the previous trading session, aligning with our anticipated bearish outlook. The metal reached the official target of the ongoing downtrend at $2589 per ounce, marking its lowest point at $2589. On the technical side, gold has established a solid support base around $2589, …

The Euro continues to decline, pressured by the strengthening US dollar. The pair reached the initial target outlined in our previous report at 1.0600, with the lowest recorded level at 1.0595. From a technical perspective, examining the 240-minute chart reveals persistent negative pressure from the simple moving averages, which act …

Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …