WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …

In our previous report, we highlighted potential targets of 2374 and 2388 for gold, which successfully reached a high of $2391 per ounce. While a minor pullback occurred due to overbought conditions, the technical outlook remains bullish. Key Technical Signals: Support Holds: The 2353 support level effectively limited the recent …

The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …

U.S. stock index futures remained largely unchanged on Monday morning, as investors braced for a critical week packed with market-moving events. With the release of key inflation data, Federal Reserve Chair Jerome Powell’s testimony, and the commencement of the second-quarter earnings season, market participants are treading cautiously while assessing potential …

China’s car sales continued to decline in June, marking the third straight month of falling figures. This trend persists despite government incentives aimed at boosting consumer demand amid a sluggish economic recovery. Key Points: June Sales Decline: Passenger vehicle sales in June totaled 1.78 million, a 6.9% decrease compared to …

Oil prices edged lower on Monday, following a four-week upward trend, due to the prospect of a ceasefire in Gaza easing geopolitical tensions. Investors are also monitoring Tropical Storm Beryl, which threatens to disrupt U.S. energy supplies. Brent crude futures dipped 0.4% to $86.18 a barrel, while U.S. West Texas …

German exports experienced a sharper-than-expected decline in May, as weak demand from major trading partners such as China, the U.S., and other European countries weighed on the nation’s economic performance. According to data released by the federal statistics office, exports fell by 3.6% in May compared to the previous month, …

Gold prices experienced a minor retreat in Asian trading on Monday, as investors paused to assess the upcoming testimony by Federal Reserve Chair Jerome Powell and key inflation data due later in the week. Despite the slight dip, gold remains close to one-month highs, fueled by growing expectations of an …

U.S. stock index futures remained mostly unchanged on Friday as markets reopened after the July 4 holiday. Investors eagerly awaited the release of the Labor Department’s non-farm payrolls report, which is expected to provide further insight into the labor market’s condition. A softer reading of the report, indicating a slowdown …

Bitcoin’s price took a nosedive on Friday, sinking to a four-month low as concerns over the impending distribution of stolen Bitcoin by the defunct crypto exchange Mt Gox intensified. The situation was further compounded by reports of German police moving $75 million of confiscated crypto onto exchanges, sparking fears of …