Oil, Crude, trading

US crude oil futures experienced a significant decline last week, hitting a low of $69.95 per barrel. Technical Analysis: Bearish Momentum: Oil prices are under negative pressure, with intraday trading staying below the 70.60 resistance level. The price continues to trade under the 50-day simple moving average, reinforcing the bearish …

Gold prices remain under continuous bearish pressure, registering a new session low at 2666 per ounce in morning trading. Technical Analysis: Bearish Trend Confirmation: The break below the 2674 level, corresponding to the 61.80% Fibonacci retracement, reinforces the downside momentum. Additionally, the price struggles to overcome the 2700 psychological resistance, …

The EUR/USD pair continues to experience bearish pressure, reaching a low of 1.0667 at the end of last week’s trading session. Technical Analysis: Bearish Outlook: The simple moving averages exert downward pressure on the pair, and trading remains below the significant resistance level at 1.0785. Support Levels: A decisive break …

U.S. stock index futures ticked up slightly on Friday, hovering near record highs as investors continued to process the Federal Reserve’s outlook on interest rate cuts and the potential economic policies under President Donald Trump’s second term. Futures Indicate Modest Gains At 05:05 ET (10:05 GMT), Dow Jones Futures gained …

Bitcoin continued its upward momentum on Friday, holding near record highs set earlier in the week. The cryptocurrency market was buoyed by Donald Trump’s victory in the 2024 presidential election and the Federal Reserve’s decision to cut interest rates, fueling optimism about a more favorable regulatory landscape and continued economic …

European stock markets saw modest declines on Friday, capping a week marked by political upheaval in Germany, key central bank decisions, and a fresh wave of corporate earnings reports. The early trading session reflected investor caution as markets assessed the long-term impacts of ongoing events. Market Performance: DAX (Germany): Down …

The U.S. dollar found renewed strength on Friday, looking to wrap up a week marked by high volatility with a modest gain. The currency’s movement reflects global markets processing the implications of Donald Trump’s return to the White House, with significant effects anticipated on U.S. economic policy and interest rate …

Asian equities experienced widespread gains on Friday, mirroring Wall Street’s ascent to record highs. Investor sentiment was buoyed by expectations of aggressive fiscal spending under the newly re-elected President Donald Trump and cautious interest rate cuts signaled by the Federal Reserve. Key Market Movements: Asia-Pacific RallyThe Asia-Pacific region marked significant …

Oil prices eased slightly during Asian trade on Friday, but the market is still poised to record a solid weekly gain driven by critical supply decisions and geopolitical uncertainties. Key Factors Supporting Oil Prices: OPEC+ Maintains Supply CutsThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) have provided …