During yesterday’s trading, the Canadian dollar faced strong resistance near 1.3685, which effectively capped the upside and pressured the pair lower. At the time of writing, USD/CAD is trading around 1.3655, remaining under the influence of that resistance zone. Technical Indicators The simple moving averages are acting as dynamic resistance, …
Read More »GBP Losing Steam Versus the Dollar 8/7/2025
Oil, Crude, trading
Read More »Oil at a Crossroads: Temporary Correction or New Trend? 8/7/2025
After a sustained period of strong declines, U.S. crude oil prices staged a bullish technical rebound in the previous session, reaching a session high of $68.25 per barrel. Technical Outlook – 4-Hour ChartThe current technical landscape reveals mixed signals: The simple moving averages have shifted to provide support from below, …
Read More »Will Gold Rally After Establishing Support? 8/7/2025
Gold prices recorded a strong session of positive movement, rebounding sharply after finding firm support at the key $3295 level. The recovery led to an intraday high of $3345 per ounce, highlighting a technical bounce from oversold territory. Technical Outlook – 4-Hour TimeframeThe $3345 zone is currently acting as a …
Read More »Euro’s Rally Threatened by Current Resistance Level 8/7/2025
The EUR/USD pair continues to trade within a well-defined upward trajectory, edging closer to the key psychological resistance at 1.1800, with a session high recorded at 1.1790. Technical Outlook – 4-Hour Chart:Price action indicates strong resistance near the 1.1800 threshold, which has prompted some intraday pullbacks. Additionally, the 50-period simple …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s trade tariff plans overshadowed market sentiment. Market Overview At 05:15 ET (09:15 GMT), Dow Jones Futures were down 115 points, or 0.3%, S&P 500 Futures dropped 32 points, or 0.5%, and Nasdaq 100 Futures slipped 145 points, …
Read More »Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surrounding a more-than-expected output increase from OPEC+ and the potential economic impact of U.S. tariffs. OPEC+ Boosts Output, Market Tightness Offers Support Brent crude futures were down by 0.3%, trading at $68.08 per barrel by 0815 GMT, …
Read More »European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the looming July 9 deadline for trade deals set by U.S. President Donald Trump. Markets have been anxiously awaiting progress in U.S. trade talks, with the risk of higher tariffs looming, which has led to a …
Read More »German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotive sector and energy production, as reported by the federal statistics office on Monday. The data highlighted a 1.2% increase in production compared to the previous month, significantly exceeding analysts’ forecast of no growth. This uptick in output …
Read More »Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing uncertainty surrounding U.S. trade policy. U.S. President Donald Trump’s latest tariff threats and stronger-than-expected payrolls data from last week dampened market expectations for a Federal Reserve rate cut in the near term, further …
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