Oil, Crude, trading

US crude oil futures experienced a sharp decline in the previous trading session, reaching a low of $68.84 per barrel. From a technical perspective, the outlook leans negative, supported by clear bearish signals from the Relative Strength Index, which remains below the 50 midline. Furthermore, trading remains stable below the …

Gold prices fulfilled the anticipated negative outlook from the previous report, achieving the initial target at $2634 per ounce and recording a low of $2633. From a technical analysis perspective, a closer examination of the 4-hour chart reveals that the Stochastic indicator is gradually losing upward momentum. Additionally, the price …

The EUR/USD pair continues to exhibit narrow sideways trading, confined between support at 1.0470 and resistance at 1.0560. From a technical standpoint, the pair remains under pressure below the 50-day simple moving average, reinforcing the likelihood of a bearish continuation. This is further supported by the negative signals from the …

The U.S. dollar maintained its strength on Tuesday, as investors braced for an expected interest rate cut by the Federal Reserve and recalibrated their outlook for the pace of monetary easing in 2024. Traders are increasingly convinced the Fed will adopt a gradual approach to reducing borrowing costs amid persistent …

German business sentiment deteriorated more than expected in December, as companies grappled with geopolitical uncertainty, industrial stagnation, and broader economic headwinds in Europe’s largest economy. Ifo Business Climate Index Falls The Ifo Institute’s business climate index fell to 84.7 in December, down from a downwardly revised 85.6 in November. This …

Oil prices edged lower on Tuesday as renewed demand concerns in China weighed on sentiment, while investors adopted a cautious stance ahead of the U.S. Federal Reserve’s final policy decision of the year. West Texas Intermediate (WTI) crude fell 11 cents to $70.60 a barrel (as of 0802 GMT). Brent …

The Bank of Japan (BOJ) is set to conclude its final two-day meeting of the year on Thursday, with analysts and markets closely watching whether the central bank will raise interest rates or maintain its cautious stance. The decision comes against the backdrop of slowing economic momentum and increasing political …

Bitcoin extended its recent rally on Tuesday, briefly reaching a fresh all-time high as investor sentiment remained buoyed by hopes of pro-crypto policies under incoming U.S. President Donald Trump. The surge comes as Trump floated the idea of establishing a Strategic Bitcoin Reserve—a move that has sparked both enthusiasm and …

The U.S. dollar remained near a three-week peak against major currencies on Monday as financial markets braced for a busy week of central bank policy meetings. Investors are closely watching the Federal Reserve, which is widely expected to lower interest rates while signaling a gradual approach to further easing throughout …