US crude futures extended their intraday bullish momentum, as anticipated, after breaching the $63.85 resistance, reaching the official target at $64.60 and printing a session high of $64.72 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to provide dynamic support from below, reinforcing the bullish bias. RSI: …

Gold (XAU/USD) Technical Analysis – 4H Chart Gold prices extended their bullish momentum in the last session, reaching the first target at $3,705 and printing a session high of $3,703 per ounce, setting a fresh all-time record. Technical Outlook: After touching the $3,700 psychological barrier, intraday price action showed a …

The pair extended its bullish momentum, hitting the official target at 1.1870 and marking a session high of 1.1878, in line with the previously anticipated scenario. Technical Outlook: Trend Support: Price continues to consolidate above the 50-day SMA, with movement aligned along the ascending trend line, reinforcing the bullish structure. …

Headline Figures Annual CPI: Rose 1.9%, slightly below forecasts of 2.0%, but higher than July’s 1.7%. Monthly CPI: Fell 0.1%, versus expectations of a 0.1% rise. Core Inflation: CPI-median held steady at 3.1%. CPI-trim eased to 3.0% from 3.1%. Excluding gasoline, CPI slowed to 2.4% from 2.5% in the prior …

Headline Figures Monthly Growth: Retail Sales in the U.S. rose 0.6% in August, reaching $732 billion. Previous Month: July’s growth was revised upward to 0.6% from an initial estimate of 0.5%. Market Expectations: The August figure came in well above forecasts of 0.2%, showing stronger-than-anticipated consumer spending. Annual Growth: Retail …

Wall Street Extends Gains into New Week U.S. stock futures ticked higher on Tuesday as investors positioned themselves for a pivotal week dominated by the Federal Reserve’s policy decision and fresh U.S.-China trade headlines. At 06:05 ET (10:05 GMT), Dow Jones Futures added 5 points (0.1%), S&P 500 Futures gained …

Prices Edge Lower After Recent Gains Oil prices slipped on Tuesday, consolidating after modest advances last week driven by concerns over potential disruptions to Russian supply. At 04:50 ET (08:50 GMT), Brent crude futures for November delivery fell 0.5% to $67.08 per barrel, while West Texas Intermediate (WTI) crude declined …

Dollar Weakens on Fed Easing Bets The U.S. dollar extended its slide on Tuesday, retreating to multi-month lows against several major currencies as investors ramped up bets that the Federal Reserve will cut interest rates this week. The dollar index slipped to 97.121, its weakest level since July 7, pressured …

Unemployment Remains Elevated The U.K. unemployment rate stayed at 4.7% in the three months to July, according to the Office for National Statistics. This was in line with expectations and marks the highest level since July 2021, highlighting persistent softness in the labor market. Pay growth, excluding bonuses, eased slightly …

The Dow Jones Industrial Average extended its rally on Wall Street, recording a new all-time high of 46,008. Technical Outlook – 4-hour timeframe: The 50-period simple moving average (SMA) continues to underpin the bullish momentum, acting as a dynamic support for price action. Meanwhile, the Relative Strength Index (RSI) is …