Oil prices rose by more than 1% on Monday, supported by expectations of economic stimulus from China and geopolitical developments in the Middle East. China’s Policy Shift Spurs Optimism Brent crude futures climbed 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) …

European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …

Bitcoin saw a modest retreat on Monday, slipping 0.4% to $99,439.8 as traders awaited further clarity on U.S. crypto policy under the incoming administration of President-elect Donald Trump. This pullback comes after a weekend rally that saw the cryptocurrency brush record highs. Policy Optimism Fuels Recent Surge Bitcoin’s sharp rise …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices continue their bearish trajectory, aligning with the previous negative outlook. The price reached the official target at 67.00, recording a low of $67.05 per barrel. Technical Analysis: 240-Minute Chart Observations: The simple moving averages maintain downward pressure. The 14-day momentum indicator shows strong negative signals, …

Gold prices continue to trade within a sideways range, remaining constrained between 2620 as support and 2655 as the main resistance level. Technical Analysis: 4-Hour Chart Insights: The simple moving average is attempting to provide a positive push to prices. Meanwhile, the Stochastic indicator shows persistent negative signals, reflecting conflicting …

The EUR/USD pair ended last week’s trading on a bullish note, surpassing the 1.0560 resistance level and reaching the target of 1.0635, marking its highest level at 1.0635. Technical Analysis: Momentum Indicators: The 240-minute chart shows support from the 50-day simple moving average, alongside the Stochastic indicator signaling positive momentum, …

The U.S. labor market demonstrated resilience in November as Nonfarm Payrolls (NFP) increased by 227,000, according to the Bureau of Labor Statistics (BLS) report released on Friday. This robust figure surpassed market expectations of 200,000 and significantly outpaced October’s revised gain of 36,000, which had initially been reported as just …