US crude oil futures extended the upward trend highlighted in the previous technical report, reaching the first target at $60.00 and coming within a few points of the next target at $60.60, after recording a high of $60.45. Technical Outlook – 4-Hour Timeframe: Prices continue to move along a minor …

Gold (XAU/USD) continued to show mixed, indecisive movements, fluctuating between upward and downward attempts without establishing a clear short-term trend, as traders remained cautious and hesitant. Technical Outlook – 4-Hour Timeframe: Trading below the key resistance level at 4245 keeps the bearish scenario valid, supported by clear negative signals from …

The EUR/USD pair continues its gradual upward trend, reaching a high of 1.1680 in line with earlier expectations. Technical Outlook – 4-Hour Timeframe: The pair has formed strong support near 1.1630, with simple moving averages maintaining positive momentum and reinforcing the bullish bias. The Relative Strength Index (RSI) also continues …

Canada’s labour market delivered a major upside surprise in November, with the unemployment rate dropping sharply to 6.5%, its lowest level since July 2024, according to new data from Statistics Canada. The unexpected improvement was driven by a 53,600 net increase in employment, fueled almost entirely by a 63,000 surge …

Netflix has agreed to acquire Warner Bros Discovery’s TV and film studios and its streaming division in a $72 billion deal, cementing the streaming pioneer’s control over one of Hollywood’s most storied entertainment empires. The agreement, announced Friday, concludes a weeks-long bidding battle in which Netflix ultimately prevailed with an …

The eurozone economy expanded slightly faster than initially estimated in the third quarter, a development that reinforces expectations the European Central Bank will keep interest rates on hold in the near term. Revised Eurostat data released Friday showed that GDP in the 20-country bloc grew 0.3% quarter-on-quarter between July and …

Bitcoin edged lower on Friday but retained most of its strong mid-week recovery, as traders stayed focused on expectations of a U.S. Federal Reserve rate cut and awaited crucial inflation figures. The world’s largest cryptocurrency was last down 1.1% at $92,146.6 by 01:59 ET (05:59 GMT). Earlier in the week, …

Oil prices held largely steady in Asian trading on Friday, pausing after the previous session’s gains, as stalled diplomatic efforts to end the Ukraine war and rising confidence in a U.S. Federal Reserve rate cut underpinned sentiment. As of 21:56 ET (02:56 GMT), Brent crude futures for February delivery slipped …

The Dow Jones Industrial Average (DJIA) extended its gains on Wall Street, reaching a high of 48,131. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to support the prevailing upward trend and provides additional positive momentum. The Relative Strength Index (RSI) is also delivering positive signals, …

A gradual downward trend dominated USD/CAD movements, with the pair reaching a low of 1.3925. Technical Outlook – 4-Hour Timeframe: The simple moving averages continue to apply downward pressure, while the pair trades along a steep descending trend line—both reinforcing the bearish structure. Likely Scenario: As long as the price …