Oil, Crude, trading

The USD/CAD pair received a positive boost during the previous trading session, successfully recording its highest level near the 1.3740 resistance level. From a technical analysis perspective today, and by examining the 240-minute chart, we find that the simple moving averages are still supporting the price from above, providing positive …

Oil, Crude, trading

U.S. crude oil futures experienced a sharp drop yesterday, testing the psychological support level around $64.00 per barrel. From a technical perspective, intraday price action shows a modest recovery, with prices currently trading slightly above $65.00. A review of the 4‑hour chart indicates that the simple moving averages remain positioned …

Gold prices took a sharp downturn during the previous session, hitting a low of $3,295 per ounce. From a technical standpoint, the market is attempting a modest rebound following oversold conditions. However, the 60-minute chart shows the price is still contained within a downward corrective wave, bounded by a descending …

EUR/USD continued its upward trajectory in the previous session, buoyed by sustained support above the psychological 1.1500 level, and reached a high of 1.1640. According to today’s technical analysis, intraday trading remains firmly above 1.1600. On the 4‑hour chart, the simple moving averages continue to support the ascending price trend, …

Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank is prepared to keep interest rates unchanged for the time being while closely monitoring economic developments, according to his prepared remarks for the Semiannual Monetary Policy Report to Congress. Powell noted that the U.S. economy is in a …

Inflation in Canada, measured by the change in the Consumer Price Index (CPI), remained stable at 1.7% year-over-year in May, in line with market expectations, according to data released by Statistics Canada on Tuesday. On a monthly basis, the CPI rose 0.6%, marking a recovery from the 0.1% decline reported …

U.S. stock index futures surged on Tuesday following President Donald Trump’s announcement of a ceasefire between Israel and Iran, offering investors some much-needed relief after 12 days of escalating conflict in the Middle East. The announcement calmed market jitters that had weighed on global risk assets and stoked inflation fears. …

Markets are turning their attention from the Middle East tensions to Washington, where Federal Reserve Chair Jerome Powell is set to begin two days of testimony before Congress on Tuesday. Powell’s Testimony and Rate OutlookPowell is expected to face intense questioning over the Fed’s decision to keep interest rates unchanged …