The GBP/USD pair maintained a modest upward bias during the previous session, reaching a daily peak of 1.3544. Technical Outlook – 4-Hour Timeframe: In the short term, price action is encountering a minor downward correction as the Relative Strength Index (RSI) moves into overbought territory. This technical cooling-off phase may …

The downward trend continues to dominate US crude oil futures prices despite attempts to reduce losses. Technical Outlook – 4-Hour Timeframe: Trading is currently moving along a descending trendline. This is further supported by continued downward pressure from the simple moving averages, which are exerting downward pressure on the price. …

Gold (XAU/USD) prices traded sideways in a narrow range during the previous session, fluctuating between support at 4770 and resistance at 4830, indicating a wait-and-see approach before a clearer direction emerges. Technical Outlook – 4-Hour Timeframe: In the short term, prices experienced some corrective selling pressure as they entered overbought …

The EUR/USD pair traded in a calm, slightly positive manner, continuing its upward trend as previously mentioned, reaching a high near the psychological resistance level of 1.1800. Technical Outlook – 4-Hour Timeframe: In the short term, the pair is experiencing some limited downward pressure due to encountering resistance at 1.1800, …

Key Takeaways: Equities pull back: The S&P 500 and Nasdaq opened lower, retreating from last week’s all-time highs as geopolitical anxieties resurface. Diplomacy on the brink: The U.S. seizure of an Iranian cargo ship prompts Tehran to threaten retaliation and cast doubt on its participation in upcoming peace talks. Hormuz …

Key Takeaways: Broad market sell-off: The pan-European Stoxx 600 dropped 1.0%, with Germany’s DAX and France’s CAC 40 leading regional declines. Oil prices rebound aggressively: Brent crude futures surged 5.2% to $95.04 a barrel amid intense confusion regarding the operational status of the Strait of Hormuz. Diplomacy hits a wall: …

Key Takeaways: Bitcoin retreats: The world’s largest cryptocurrency fell below the psychological $75,000 threshold, erasing recent gains amid a broader market sell-off. Geopolitical flashpoint: Escalating U.S.-Iran tensions, marked by the seizure of an Iranian cargo ship and the continued closure of the Strait of Hormuz, have triggered a flight to …

Key Takeaways: Gold retreats: Spot gold fell 0.9% to $4,786.02 an ounce, pressured by a rebounding U.S. dollar and a sudden surge in global oil prices. Geopolitical escalation: Safe-haven optimism faded after Iran re-closed the Strait of Hormuz and the U.S. captured an Iranian vessel attempting to skirt the ongoing …

Key Takeaways: Crude Spikes: Brent crude jumped as much as 7% to $97.50 a barrel following rapid geopolitical escalations before settling near $95. Hormuz Re-Closed: Tehran shut down the Strait of Hormuz less than 24 hours after a brief weekend reopening, firing on vessels attempting to cross. Blockade Confrontation: President …

Mixed trading dominated the Dow Jones Industrial Average on Wall Street, as it began the week with a downward price gap. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) is showing negative signals, reflecting weak positive momentum. Simultaneously, the simple moving averages are attempting to exert downward pressure …