Gold prices experienced a slight pullback in Asian trade on Monday, with a stronger dollar weighing on the yellow metal. Despite the minor drop, gold remained supported by haven demand stemming from the escalating Israel-Iran conflict. Spot gold fell by 0.1% to $3,427.78 per ounce, while August gold futures dropped …
Read More »Oil Prices Rise Amid Escalating Israel-Iran Conflict, Focus on U.S. Intervention
Oil prices rose in Asian trade on Monday, extending a recent rally sparked by the intensifying conflict between Israel and Iran. The ongoing tensions have raised concerns over potential supply disruptions in the Middle East, particularly in the crucial Strait of Hormuz, a key shipping route for oil. Brent oil …
Read More »Dow Jones Remains Under Bearish Pressure 16/6/2025
Oil, Crude, trading
Read More »CAD Tries to Recover Some of Its Losses 16/6/2025
Limited bullish attempts have emerged in the short term, attempting to stabilize the USD/CAD pair after the 1.3570 support level temporarily halted the prevailing downtrend. From a technical standpoint, the 4-hour chart reveals persistent bearish pressure, with the simple moving averages capping gains from above. Additionally, the Relative Strength Index …
Read More »GBP Tests the Support Level 16/6/2025
Oil, Crude, trading
Read More »Oil May See a Relief from Overbought Conditions 16/6/2025
US crude oil futures posted their largest gains since March 2022, surging to a high of $77.57 per barrel as geopolitical tensions escalated, fueling fears of supply disruptions and boosting safe-haven flows into commodities. From a technical standpoint, despite the profit-taking-driven intraday pullback, the overall trend remains decisively bullish. Overbought …
Read More »Gold Undergoes Overbought Correction 16/6/2025
Gold prices surged significantly, propelled by intensifying geopolitical tensions, surpassing the official target of $3,416 mentioned in the previous technical report and reaching a new all-time high of $3,451 per ounce. Technically, while the Relative Strength Index (RSI) indicates overbought conditions, which could suggest a temporary slowdown, the broader trend …
Read More »Euro Recovers from Short-Term Negativity 16/6/2025
The euro continued its strong performance against the US dollar, advancing in line with the previously expected bullish scenario and reaching the official target of 1.1600, with a session high of 1.1614. From a technical standpoint, the upward trend remains intact and favored. This outlook is supported by the euro’s …
Read More »Trump Urges Iran to Reach Nuclear Deal After Israeli Airstrikes, Fears of Escalating Conflict
U.S. President Donald Trump has called on Iran to agree to a new nuclear deal following Israel’s large-scale airstrike on Iranian military and nuclear sites early on Friday. In a post on Truth Social, Trump warned that the “next already planned attacks” could be even more brutal, urging Tehran to …
Read More »U.S. Stock Futures Drop as Israel-Iran Tensions Escalate, Oil Prices Surge
U.S. stock index futures dropped sharply on Friday after escalating tensions in the Middle East, triggered by Israel’s military strike on Iran. The attack raised fears of broader regional instability and sent shockwaves through global markets, weakening risk sentiment. Israel’s large-scale strikes on Iran’s nuclear facilities were aimed at preventing …
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