Oil prices extended their rally in Asian trading on Tuesday, rising for a fourth straight session as markets priced in mounting supply risks from Iran and Russia, offsetting lingering expectations of additional barrels returning from Venezuela. By 21:18 ET (02:18 GMT), Brent crude futures for March delivery were up 0.4% …
Read More »Dow Jones May Signal Further Gains 13/1/2026
The Dow Jones Industrial Average continues to post strong gains on Wall Street, closing above the 49,550 level and reinforcing the prevailing bullish momentum. Technical Outlook – 4-Hour Chart The 50-period Simple Moving Average (SMA) remains supportive, acting as a dynamic floor for price action and confirming the persistence of …
Read More »CAD looking for Support 13/1/2026
The USD/CAD pair came under early selling pressure today, with price action leaning lower as the market searched for a near-term support base. Technical Outlook – 4-Hour Chart Despite the initial weakness, the broader corrective uptrend remains in place. Price continues to trade above the simple moving averages, which maintain …
Read More »GBP Maintains Its Upward Momentum 13/1/2026
The GBP/USD pair trended positively during the previous trading session, reaching a high of 1.3485. Technical Outlook – 4-Hour Timeframe: The price is holding above the 50-day simple moving average, and the Relative Strength Index (RSI) is returning to positive signals on shorter timeframes. As long as daily trading holds …
Read More »Strong Oil Surge — What Does Technical Analysis Reveal? 13/1/2026
U.S. crude oil (WTI) futures opened the week with a strong bullish gap, surging to a high of $59.95 per barrel — a clear signal of renewed short-term upside momentum. Technical Outlook – 4-Hour Chart Price action is currently supported by a favorable technical environment. Simple moving averages continue to …
Read More »Gold Ignites Technically — Buyers Remain in Control 13/1/2026
Gold (XAU/USD) extended its strong upward momentum, successfully reaching the projected target zone near $4,630 per ounce. Technical Outlook – 4-Hour Chart Current price action reflects a phase of natural and limited profit-taking following the sharp rally — a healthy behavior within the broader bullish structure. The Relative Strength Index …
Read More »EUR/USD Shows Overbought Signals — Is a Correction Beginning? 13/1/2026
The EUR/USD pair posted only modest gains in the previous session, briefly touching the 1.1700 area — a key psychological level — before failing to sustain momentum above it. The pair subsequently showed early signs of short-term weakness. Technical Outlook – 4-Hour Chart The 1.1700 level has proven to be …
Read More »Dollar Slips in Europe as Powell Probe Rekindles Fears Over Fed Independence
The U.S. dollar weakened in European trading on Monday after U.S. prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell, a development that has reignited concerns over the independence of the world’s most powerful central bank. By 04:25 ET (09:25 GMT), the Dollar Index — which measures the …
Read More »U.S. Futures Slide as DOJ Probe Into Powell Sparks Fears Over Fed Independence
U.S. stock index futures fell sharply on Monday, as investors grappled with mounting uncertainty over the Federal Reserve’s independence after the Justice Department opened a criminal investigation into Chair Jerome Powell’s testimony regarding cost overruns on a $2.5 billion renovation of the Fed’s Washington headquarters. By 05:50 ET 10:50 GMT, …
Read More »Gold Hits Record High as Iran Unrest, Fed Pressure, and Weak U.S. Jobs Fuel Safe-Haven Rush
Gold prices surged to a new all-time high in Asian trading on Monday, as a potent mix of geopolitical turmoil, political uncertainty in Washington, and softer U.S. labor data sent investors rushing into safe-haven assets. Spot gold climbed as much as 2% to a record peak of $4,601.17 an ounce, …
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