Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures demonstrated the anticipated upward trend outlined in the previous technical report, supported by trading stability above the key level of 68.90. Technical Analysis: Bearish Indicators: The simple moving averages apply continued downward pressure. The 14-day momentum indicator reflects clear negative signals, favoring a bearish outlook. Scenario …

Gold continues to exhibit a sideways trend, trading within a narrow range confined between the support level at 2635 and resistance level at 2657 for several consecutive sessions. Technical Analysis: Positive Signals: The 50-day simple moving average provides upward pressure, hinting at the possibility of a bullish breakout. Negative Signals: …

The EUR/USD pair showed a modest upward trend, benefiting from the support level of 1.0470, and reached a session high of 1.0544 during the previous trading day. Technical Analysis: The pair struggled to break the critical resistance at 1.0540, as noted in the previous analysis. On the 4-hour chart, the …

Gold prices showed limited movement in Asian trading on Thursday, as improved risk appetite and a strong U.S. dollar weighed on safe-haven demand despite political turbulence in France and South Korea. Market Performance Spot Gold: Fell slightly to $2,649.09 an ounce. Gold Futures (February): Declined 0.1% to $2,672.99 an ounce …

Oil prices firmed slightly on Wednesday as traders anticipated OPEC+ to extend voluntary production cuts, while ongoing geopolitical tensions provided additional support to the market. Market Performance Brent Crude Futures: Up 19 cents (0.26%) at $73.81 per barrel (0916 GMT). West Texas Intermediate (WTI) Crude: Gained 13 cents (0.19%) to …

U.S. stock index futures advanced on Wednesday, with investors closely eyeing Federal Reserve Chair Jerome Powell’s upcoming address for insights into the central bank’s interest rate trajectory. Stock Futures PerformanceAs of 05:40 ET (10:40 GMT): Dow Jones Futures: Up 195 points (0.4%) S&P 500 Futures: Gained 13 points (0.2%) Nasdaq …

The US dollar strengthened on Wednesday, while the euro retreated ahead of a critical no-confidence vote in France that could potentially destabilize the already fragile coalition government. Dollar Rises on Safe-Haven Demand At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six major …