Crude oil futures held steady on Friday, with Brent crude futures for August settlement experiencing a slight dip and U.S. West Texas Intermediate (WTI) crude futures for August delivery also edging lower. However, both benchmarks were set to achieve a second consecutive week of over 3% gains, reaching their highest …

The U.S. dollar continued its upward trajectory on Friday, reaching new highs as the Federal Reserve’s hawkish stance contrasted with the more dovish policies of its European counterparts. Sterling, meanwhile, continued its decline amid expectations of a Bank of England rate cut in August. The Dollar Index, measuring the greenback …

European shares opened lower on Friday, led by a decline in technology stocks and a sharp drop in Carlsberg Group shares following the rejection of its takeover bid for British soft drinks maker Britvic. The pan-European STOXX 600 index fell 0.2% in early trading, with the technology sector experiencing a …

The ongoing trade war between the United States and China represents one of the most significant economic confrontations of the 21st century, deeply impacting global markets, supply chains, and international relations. As the world’s two largest economies clash over tariffs, trade deficits, and technology transfers, Europe finds itself in a …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices exhibited strong bullish momentum yesterday, successfully reaching our initial target of 81.50 and achieving a peak of $81.50 per barrel. Technical Outlook: The technical outlook remains bullish, with the 240-minute chart showing that simple moving averages (SMAs) are providing continuous support for the ongoing upward …

Gold prices reversed their previous downward trend and rallied during yesterday’s trading session, surpassing the key resistance level of 2340 and reaching a high of $2365 per ounce. This price action indicates a potential shift in sentiment towards a bullish outlook. Technical Outlook: The technical analysis now suggests a continuation …

The EUR/USD pair continued its downward movement, as anticipated in our previous technical report, nearing our target of 1.0700 and reaching a low of 1.0715. Technical Outlook: On the 4-hour chart, the simple moving averages (SMAs) are maintaining their downward pressure, supporting the bearish price trend. The Stochastic oscillator has …