Oil, Crude, trading
Read More »CAD Heads Toward Downside Targets 23/5/2025
As anticipated, the downtrend continues to dominate USD/CAD, following the pair’s failure to maintain stability above the psychological resistance at 1.3900. This rejection has led to renewed selling pressure and a shift to negative intraday momentum. From a technical perspective, the 4-hour chart reveals that 1.3900 remains a key resistance …
Read More »GBP Pushes Higher Versus the Greenback 23/5/2025
Oil, Crude, trading
Read More »Oil May Extend Its Decline 23/5/2025
U.S. crude oil futures posted significant losses in line with the previously outlined bearish scenario, reaching the first official downside target at $60.45 and recording a session low of $60.27 per barrel. From a technical standpoint, oil prices are currently trading below the 50-day simple moving average, which is acting …
Read More »Gold Moves in Line with the Uptrend Line 23/5/2025
The key support level at $3,260, highlighted in the previous report, successfully limited the downside in gold prices during the prior session. Early European trading today has opened with a stable advance above the psychological $3,300 level, reinforcing the bullish structure. From a technical perspective, the uptrend remains intact. The …
Read More »Euro Holds Above Support, Renews Upside Potential 23/5/2025
Despite a limited bearish bias during yesterday’s session, the EUR/USD pair rebounded into positive territory in early trading today, finding support at the 1.1270 level — as highlighted in the previous technical report. On the 4-hour chart (240-minute timeframe), the pair remains above the psychological barrier at 1.1300, supported by …
Read More »Oil Prices Slide as OPEC+ Weighs Output Hike and U.S. Inventories Surprise to the Upside
Oil prices extended losses on Thursday, pressured by rising concerns over a potential increase in global supply and weaker-than-expected demand data from the United States. The latest downturn reflects renewed anxiety that the crude market may face a period of oversupply heading into the summer months. At 04:55 ET (08:55 …
Read More »Gold Extends Gains as U.S. Debt Worries and Geopolitical Tensions Support Safe-Haven Demand
Gold prices climbed further in Asian trading on Thursday, continuing a strong upward trend fueled by rising demand for safe-haven assets amid deepening concerns over the United States’ fiscal outlook and lingering geopolitical tensions in the Middle East. Spot gold rose 0.7% to $3,338.04 an ounce, while June gold futures …
Read More »European Markets Slide as U.S. Deficit Woes, Geopolitical Tensions Weigh on Sentiment
European stock markets retreated Thursday, mirroring Wall Street’s sharp selloff as investors grew increasingly uneasy about the deepening U.S. fiscal deficit and the fading prospects for a resolution to the Russia-Ukraine conflict. At 03:05 ET (07:05 GMT), the DAX index in Germany fell 0.4%, France’s CAC 40 slipped 0.4%, and …
Read More »Dow Jones Comes Under Selling Pressure 22/5/2025
Oil, Crude, trading
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