U.S. crude oil futures extended their gains, finding support at $70.90 and reaching a session high of $72.57 per barrel. Technical Outlook: The 4-hour chart shows that simple moving averages are supporting the price from below, offering a positive momentum boost. Oil has stabilized above $72.30, reinforcing the potential for …
Read More »Gold hits record highs 11/2/2025
Gold continues to post record highs, extending its longest winning streak since 2020, reaching $2942 per ounce during early trading today. Technical Outlook: The 4-hour chart shows that simple moving averages continue to support an upward trajectory. However, gold is facing resistance at $2942, aligning with the upper boundary of …
Read More »Euro faces negative pressure 11/2/2025
The U.S. dollar pair has shown a slow trend, recording its lowest level at 1.0280 in recent sessions. Technical Outlook: 4-hour chart analysis indicates that there is no significant downside pressure, with only minor bearish signals. The Stochastic Momentum Indicator suggests a potential for improvement in price movement. Key Levels …
Read More »Dollar Strengthens as Trump Announces New Tariffs
The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement of 25% tariffs on all steel and aluminum imports, with additional reciprocal tariffs expected midweek. U.S. Dollar Index (DXY): Up 0.1% to 108.17 USD/JPY: Up 0.59%, reversing last week’s yen rally EUR/USD: Flat at $1.0329 …
Read More »European Stocks Edge Higher Despite Trade Uncertainty
European stock markets opened on a positive note Monday, showing resilience despite fresh U.S. trade tariffs. DAX (Germany): Up 0.3% CAC 40 (France): Up 0.1% FTSE 100 (UK): Up 0.1% Key Market Drivers: New U.S. Tariffs and Retaliation Risks President Trump announced 25% tariffs on all steel and aluminum imports, …
Read More »Gold Surges to Record Highs Amid Trade Tariff Uncertainty
Gold prices climbed to all-time highs on Monday, as escalating trade tensions and global economic uncertainty fueled safe-haven demand. Spot gold: Up 1.1% to $2,892.30 per ounce Gold futures (April contract): Up 0.9% to $2,916.05 per ounce Key Drivers: Trump’s Tariff Moves Spark Market Jitters 25% tariffs imposed on all …
Read More »Oil Prices Edge Higher Despite Tariff Concerns and Weak Chinese Demand
Oil prices rose in Asian trading on Monday after three straight weeks of declines, despite U.S. President Donald Trump’s new tariff measures on steel and aluminum imports. Brent crude: Up 0.5% to $75.06 per barrel WTI crude (March contract): Up 0.6% to $71.13 per barrel Key Drivers: Tariffs and Trade …
Read More »U.S. Job Growth Slows in January Amid Revisions and Weather Disruptions
The U.S. economy added fewer jobs than expected in January, signaling a potential slowdown in labor demand. However, analysts cautioned that the figures may be distorted by annual revisions and extreme weather conditions. Nonfarm payrolls: 143,000 (below the forecast of 169,000). December jobs revised upward: 307,000 (previously reported as 256,000). …
Read More »U.S. Stock Futures Steady as Investors Await Jobs Report, Amazon Drops on Weak Outlook
U.S. stock index futures steadied on Friday, as investors awaited the crucial nonfarm payrolls report while digesting Amazon’s weaker-than-expected revenue outlook. Stock Market Overview Dow Jones Futures: Up 16 points (0.1%) S&P 500 Futures: Down 3 points (0.1%) Nasdaq 100 Futures: Down 15 points (0.1%) On Thursday, the NASDAQ Composite …
Read More »Dollar Steady Ahead of U.S. Jobs Data, Yen Gains on Rate Hike Bets
The U.S. dollar held steady on Friday as traders awaited key U.S. payroll figures, while the yen climbed to a nine-week high on expectations of further rate hikes in Japan. Key Currency Movements Dollar Index: Flat at 107.63, down 2.1 percent from Monday’s high of 109.88, as global trade tensions …
Read More »