Oil prices rebounded on Wednesday after two days of losses, as OPEC+ expressed confidence in global demand despite an increase in output, and investors weighed a slight rise in U.S. crude inventories. Key Highlights: Brent Crude: Brent futures for September rose 0.4% to $69.01 per barrel. WTI Crude: U.S. West …

Oil, Crude, trading

The USD/CAD pair continued its steady upward movement, in line with the expected bullish trend, approaching the previously identified technical target at 1.3740 after reaching a session high of 1.3730. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to provide dynamic support, reinforcing the pair’s bullish …

Oil, Crude, trading

U.S. crude oil futures extended their bearish momentum in the previous trading session, falling to a low of $66.25 per barrel. Technical Outlook – 4-Hour Timeframe: Intraday movements are showing signs of mild recovery attempts from oversold conditions. The Relative Strength Index (RSI) is attempting to generate early positive signals, …

Gold prices experienced significant volatility during yesterday’s session, following the release of U.S. inflation data that strengthened the dollar and exerted downward pressure on gold. As noted in our previous report, a break below $3,340 reactivated the bearish scenario, which materialized after gold dipped to $3,320. Technical Outlook – 4-Hour …

The EUR/USD pair extended its decline in the previous trading session, in line with the bearish outlook outlined in the prior technical report. The pair reached the expected target at 1.1610, recording a session low of 1.1593. Technical Outlook – 4-Hour Timeframe: Intraday price action reflects attempts at recovery driven …

Wells Fargo reported strong second-quarter earnings, surpassing analysts’ profit estimates, but cut its 2025 net interest income (NII) guidance, leading to a 3% drop in shares in pre-market trading. Key Highlights: Net Income: Wells Fargo posted $5.49 billion ($1.60 per share), up from $4.91 billion ($1.33 per share) a year …

The U.S. inflation rate reached 2.7% in June, according to the Consumer Price Index (CPI) report released by the U.S. Bureau of Labor Statistics (BLS) on Tuesday. This marks an increase from May’s inflation rate of 2.4% and aligns with market expectations. Key Data: The headline CPI rose 2.7% year-on-year, …

Citigroup (NYSE: C) posted a significant 25% year-on-year rise in net income for the second quarter, driven by windfall earnings from volatile markets. The bank’s net income reached $4 billion, or $1.96 per share, for the three months ending June 30. Key Financial Metrics: Revenue increased by 8% to $21.7 …