European stock markets started the week mostly in positive territory on Monday, buoyed by optimism around U.S. Treasury Secretary nominee Scott Bessent and major corporate news, but tempered by weaker-than-expected German business confidence data. Market Performance By 06:40 ET (11:40 GMT): Germany’s DAX rose 0.4%. France’s CAC 40 was largely …

The U.S. dollar fell on Monday, retracing some of its recent gains after the appointment of Scott Bessent as U.S. Treasury Secretary appeared to ease concerns in bond markets. Meanwhile, the euro and British pound recovered from recent lows, driven by shifting expectations around monetary policy in Europe and the …

Oil prices steadied on Monday, following significant gains last week, as concerns about supply disruptions due to geopolitical tensions kept prices elevated. Brent crude futures slipped 0.34% to $74.91 per barrel, while U.S. West Texas Intermediate crude (WTI) dropped 0.49% to $70.89 per barrel. Key Factors Affecting Oil Prices Geopolitical …

Gold prices faced a sharp drop today, retreating from a three-week high, as a risk-on environment diminished the appeal of the precious metal. The XAU/USD pair struggled to sustain its momentum from last week’s gains, though it managed to hold above the $2,650 level, supported by the 100-period Simple Moving …

Oil, Crude, trading

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Oil, Crude, trading

US crude oil futures closed last week’s trading on a positive note, reaching a high of $71.47 per barrel. From a technical standpoint, the outlook remains optimistic, supported by the price’s ability to stabilize above the key support level of $70.60. Additionally, the RSI is showing attempts to gain further …

Gold resumed its bullish momentum during the previous session, surpassing the official target of $2700 per ounce and recording its highest level at $2720. From a technical perspective, the current movement shows a slight bearish tendency due to encountering the pivotal resistance at $2720. However, a closer look at the …

The EUR/USD pair attempted a recovery after several sessions of decline, hitting a low of 1.0330 before opening today’s trading with an upward gap. Technical Outlook: Indicators: The 4-hour chart reveals negative crossover signals from the Stochastic indicator, now in the overbought zone, coupled with continued downward pressure from the …