Oil prices remained largely unchanged on Tuesday, with investors holding off major moves ahead of OPEC’s anticipated monthly report. Market sentiment was also shaped by China’s recent underwhelming stimulus measures and continued oversupply concerns. As of 07:45 GMT, Brent crude futures inched up 4 cents to $71.87 per barrel, while …
Read More »U.S. Dollar Surges to Four-Month High Amid Expectations for Trump-Led Policies and Fed Tightening
The U.S. dollar continued its upward momentum on Tuesday, reaching a four-month peak as financial markets factored in the impact of an incoming Donald Trump administration and a potentially more hawkish Federal Reserve stance. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the currency against a basket of …
Read More »European Stocks Dip as Inflation and Employment Data Weigh on Sentiment
European stock markets fell on Tuesday morning as investors assessed fresh economic data from the region, particularly inflation and employment figures, alongside quarterly earnings updates from key corporations. At 03:10 ET (08:10 GMT), Germany’s DAX was down 0.9%, France’s CAC 40 dropped 1%, and London’s FTSE 100 slipped by 0.4%. …
Read More »Dow Jones needs extra momentum 12/11/2024
Oil, Crude, trading
Read More »USD/JPY continues gradual rise 12/11/2024
japanese-yen
Read More »GBP continues its gradual decline 12/11/2024
Oil, Crude, trading
Read More »Oil continues to make losses 12/11/2024
US crude oil futures prices experienced a significant decline in the last trading session, aligning with the bearish outlook, and met the forecasted targets at 68.55, hitting a session low of $67.84 per barrel. Technical Analysis: Bearish Bias: Oil prices are currently under negative pressure, with trading stability below 68.60. …
Read More »Gold is subject to heavy selling 12/11/2024
Gold experienced strong selling pressure, maintaining its downward trend and surpassing the target station of 2647, with prices dropping to a low of $2610 per ounce. Technical Analysis: Bearish Outlook: Today’s analysis indicates a continued bearish sentiment, as gold remains below the simple moving averages, which reinforce the likelihood of …
Read More »Euro continues to fall against dollar 12/11/2024
The Euro experienced a significant decline against the U.S. Dollar, in line with previous expectations, after successfully breaking the 1.0680 support level. This move took the pair down to its initial target at 1.0665, coming close to the next key station at 1.0610, with a recorded low of 1.0628. Technical …
Read More »Market Review: Euro Dips to 4-Month Low Against Dollar Amid Tariff Fears and U.S. Policy Uncertainty
The euro fell to its lowest level in 4 and a half months against the U.S. dollar on Monday, as concerns about potential U.S. tariffs weighed heavily on the currency and investors reacted to growing uncertainties surrounding U.S. economic policy under President-elect Donald Trump. At 10:00 GMT, the euro was …
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