The Dow Jones Industrial Average found firm support near the 49,290 level, prompting a technical rebound and stabilizing price action. Technical Outlook – 4-Hour Chart Price holding above the 50-period Simple Moving Average continues to favor the bullish structure. In addition, the Relative Strength Index (RSI) has returned to positive …
Read More »CAD Seeks Additional Momentum 16/1/2026
The USD/CAD pair continues to move within a gradual upward trajectory, in line with the bullish scenario outlined in our previous report. The pair is now approaching the 1.3940 target, currently trading near 1.3920. Technical Outlook – 4-Hour Chart The corrective uptrend remains firmly in control, supported by price action …
Read More »GBP Loses Its Bullish Momentum 16/1/2026
The GBP/USD pair continued to trade under bearish pressure in line with our previous outlook, reaching the 1.3370 target and posting a low at 1.3363, confirming the persistence of selling momentum. Technical Outlook – 4-Hour Chart Simple moving averages remain positioned above price action, acting as dynamic resistance and maintaining …
Read More »Oil Attempts to Find a Bottom 16/1/2026
WTI crude oil futures gave back a portion of their recent gains, posting a clear pullback during the previous trading session. Technical Outlook – 4-Hour Chart Despite the decline, the broader technical structure remains constructive. Simple moving averages continue to offer dynamic support from below, preserving the medium-term upward trend. …
Read More »Gold in a Waiting Phase — Breakdown or a New Breakout? 16/1/2026
Gold (XAU/USD) has entered a temporary consolidation phase after facing strong selling pressure near its recent peak at $4,642 per ounce. This pause reflects a period of sideways movement as the market awaits clearer directional signals. Technical Outlook – 4-Hour Chart The broader trend remains firmly bullish. Simple moving averages …
Read More »Strong Technical Pressure Pushes the Euro to Lower Levels 16/1/2026
The EUR/USD pair continued its bearish trajectory in line with our previous technical outlook, successfully reaching the 1.1600 target and printing a low at 1.1593, confirming sustained selling pressure across the pair. Technical Outlook – 4-Hour Chart Price action has now stabilized below the previously broken minor support at 1.1650, …
Read More »Wall Street Futures Rebound as Geopolitics Ease and Bank Earnings Take Center Stage
U.S. stock index futures edged higher on Thursday, snapping a two-session losing streak as investors drew cautious optimism from easing geopolitical tensions and a fresh round of major bank earnings. By 05:50 ET, Dow Jones futures were up 60 points, or 0.1%, S&P 500 futures gained 0.4%, and Nasdaq 100 …
Read More »Morgan Stanley Delivers Strong Q4 Beat on Banking and Trading Strength
Morgan Stanley capped off 2025 with a robust fourth-quarter performance, beating market expectations on both revenue and profit as investment banking activity rebounded sharply. The U.S. investment bank reported net revenues of $17.9 billion for the quarter, ahead of analysts’ forecasts of $17.72 billion. Earnings per share came in at …
Read More »Bitcoin Extends Recovery as U.S. Crypto Bill Faces Delay
Bitcoin rose on Thursday, extending a recent recovery as markets digested developments around a proposed U.S. bill aimed at establishing a regulatory framework for cryptocurrency. The world’s largest crypto rebounded from a sluggish start to the year after top corporate holder Strategy disclosed a major purchase this week. Still, Bitcoin …
Read More »Dollar Extends Recovery as Rate Cuts Fade Further Into the Distance
The U.S. dollar edged higher on Thursday, continuing its rebound from a shaky start to the week as expectations for near-term Federal Reserve rate cuts continued to fade. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, rose 0.1% to …
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