US Crude Oil (WTI) Technical Analysis US crude oil futures encountered some selling pressure during the previous trading session, in what appears to be a temporary downside technical correction following the recent string of strong gains. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, prices continue to trade above …

Gold (XAU/USD) Technical Analysis Gold prices (XAU/USD) exhibited significant volatility during the previous trading session, climbing to an intraday high of $4,727 amid choppy price action. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the price continues to draw support from the simple moving averages, which are reinforcing the …

EUR/USD Technical Analysis The EUR/USD pair is trading sideways with a modestly bullish tilt, attempting to claw back a portion of its previous losses as market participants await price action near pivotal technical levels. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the Relative Strength Index (RSI) is working …

Key Takeaways Massive PPI surge: Producer prices rose 1.4% month-on-month in April — nearly triple the 0.5% expected. Largest since 2022: It was the biggest monthly increase since March 2022, during the post-COVID inflation surge. March revised higher: The prior month’s rate was lifted to 0.7%. Annual jump: PPI soared …

Key Takeaways Modest retreat: Brent crude fell 0.5% to $107.26 per barrel, while WTI slipped 0.7% to $101.44. Three-day rally fades: Both contracts had jumped more than 3% Tuesday, but remain well above pre-war levels of around $70. Ceasefire on “life support”: Trump’s stark warning continues to weigh on sentiment …

Key Takeaways Gold edges down: Spot gold slipped 0.4% to $4,699.10 per ounce, while gold futures rose 0.4% to $4,706.72. Tuesday’s pullback: Bullion fell 0.4% in the previous session on a stronger dollar and hot inflation readings. Iran negotiations on “life support”: Trump’s warning continues to weigh on sentiment after …

Key Takeaways Star-studded delegation: Trump confirmed Nvidia CEO Jensen Huang, Tesla CEO Elon Musk, and Apple CEO Tim Cook are aboard Air Force One. CEO lineup expands: The delegation also includes leaders of Blackstone, BlackRock, Boeing, Cargill, Citi, GE Aerospace, Goldman Sachs, Micron, and Qualcomm. Trump’s first ask: The president …

Key Takeaways Broad-based gains: The Stoxx 600 rose 0.7%, Germany’s DAX gained 0.6%, France’s CAC 40 added 0.2%, while the U.K.’s FTSE 100 climbed 0.8%. Historic summit looms: Trump will meet face-to-face with Chinese counterpart Xi Jinping later this week, with trade and Taiwan on the agenda. Iran could steal …

Key Takeaways Massive refund push: The Trump administration is processing more than $35.5 billion in tariff refunds to importers after the Supreme Court struck down his tariff policy. Interest included: Payments cover duties paid across more than 8 million import entries, with interest added to refund amounts. CAPE portal handles …

Key Takeaways DXY firms: The dollar index held near a one-week high after rising 0.4% on Tuesday. CPI shock: U.S. consumer prices rose 3.8% year-on-year in April — the biggest annual increase since May 2023 and above expectations. Rate cut bets evaporate: Investors have priced out expectations of any Fed …