The EUR/USD pair continues to follow a positive trajectory, in line with prior expectations, reaching the 1.1800 target and recording a session high of 1.1830. Technical Outlook (4-hour timeframe):Despite some mild profit-taking, technical indicators remain aligned with a continuation of the uptrend: The pair is trading consistently above the 50-day …
Read More »Oil Prices Stabilize as OPEC+ Output Hike and Trade Talks Dominate Market Focus
1. Oil Price MovementsOil prices saw slight gains on Tuesday as market participants evaluated expectations of an OPEC+ output hike announcement for August, along with ongoing trade negotiations. At 1133 GMT, Brent crude was up by 54 cents, or 0.8%, trading at $67.28 per barrel, while U.S. West Texas Intermediate …
Read More »U.S. Stock Futures Pull Back Amid Trade and Fiscal Policy Uncertainty
1. Market Overview and Trade SentimentU.S. stock futures slipped on Tuesday, retreating from recent record highs as investors digested the latest headlines on trade and fiscal policy. At 06:00 ET (10:00 GMT), Dow Jones Futures were down by 0.1%, S&P 500 Futures fell 0.2%, and Nasdaq 100 Futures dropped 0.2%. …
Read More »European Stocks Steady Ahead of Trade Deadline and Key Inflation Data
Global Market Caution Amid U.S. Trade Negotiations European stocks traded cautiously on Tuesday, as investors remained on edge ahead of the Trump administration’s looming July 9 tariff deadline and the release of crucial inflation data. At 03:05 ET (07:05 GMT), the DAX index in Germany gained 0.1%, the CAC 40 …
Read More »Gold Prices Jump Amid Trade Uncertainty and Weaker Dollar
Gold Surges as Safe-Haven Demand Increases Gold prices saw a notable increase in Asian trade on Tuesday, driven by heightened safe-haven demand due to rising uncertainty surrounding U.S. trade negotiations and concerns over President Donald Trump’s upcoming tariff deadline. Spot gold rose 0.8%, reaching $3,328.71 per ounce, while Gold Futures …
Read More »UK House Prices Experience Steep Decline in June, Reflecting Market Weakness
UK house prices dropped by 0.8% in June, marking the biggest monthly decline in more than two years, according to data from mortgage lender Nationwide. This drop was sharper than the forecasted 0.2% increase, highlighting a cooling in the housing market. The decline is attributed to the ending of a …
Read More »Bitcoin Struggles Amid Risk-Off Sentiment and Trade Uncertainty
Bitcoin experienced a decline on Tuesday, extending its overnight losses as broader market sentiment soured due to growing uncertainty surrounding U.S. trade tariffs and the fiscal implications of President Donald Trump’s tax and spending cut bill. The world’s largest cryptocurrency fell 1.5%, trading at $106,811.6 by 01:39 ET (05:39 GMT), …
Read More »U.S. Dollar Weakens Amid Fiscal Worries and Trade Uncertainty
The U.S. dollar lingered at its weakest level against the euro since September 2021 on Tuesday, driven by growing fiscal concerns surrounding President Donald Trump’s tax-and-spending bill and continued uncertainty over trade deals. Investors are increasingly betting on a more aggressive pace of monetary policy easing by the Federal Reserve …
Read More »Oil Prices Fall Amid Easing Supply Concerns and OPEC+ Production Hike Expectations
Oil prices fell to a three-week low on Tuesday, with both Brent and West Texas Intermediate (WTI) crude prices slipping as supply concerns eased, and expectations grew for an increase in production by the Organization of Petroleum Exporting Countries and allies (OPEC+). The drop in prices also came in light …
Read More »Key Events and Data to Watch This Week
As global markets head into a holiday-shortened trading week in the U.S., several key developments are set to shape investor sentiment. The focus will be on the ongoing debate in the Senate regarding President Donald Trump’s signature tax-and-spending bill, crucial job market data due on Thursday, and Tesla’s upcoming second-quarter …
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