Oil prices declined in Asian trading on Wednesday, extending losses from the previous session as a U.S.-Russia agreement on a temporary ceasefire in Ukraine’s energy sector, along with rising crude inventories, raised fears of an oversupplied market. Key Factors Behind the Decline: U.S.-Russia Ceasefire Agreement: Russian President Vladimir Putin and …

Gold prices climbed to a fresh record high in Asian trading on Wednesday, supported by geopolitical tensions in the Middle East, uncertainty over U.S. trade policies, and an upcoming Federal Reserve decision. Key Drivers of Gold’s Rally: Geopolitical Tensions: The collapse of the Israel-Hamas ceasefire increased safe-haven demand. Limited progress …

The Bank of Japan (BOJ) kept its benchmark interest rate unchanged at 0.5% on Wednesday, as widely expected, while warning that underlying inflation is set to rise in the coming months—a scenario that could justify further rate hikes. Key Takeaways: Policy Decision: The BOJ maintained its overnight rate at 0.5%, …

Oil, Crude, trading

The Canadian dollar successfully reached the anticipated bearish targets during Monday’s trading session, hitting a low of 1.4265 after achieving the 1.4270 target. From a technical standpoint, the 4-hour chart indicates that the pair found solid support around 1.4260, prompting a minor bullish rebound. The stochastic indicator has entered the …

Oil, Crude, trading

U.S. crude oil futures have staged a strong rebound, aligning with the anticipated positive outlook from the latest technical analysis. A breakout above $67.20 acted as a catalyst, driving prices higher to a peak of $68.45 per barrel. From a technical perspective, the outlook remains cautious with a slight bearish …

Gold prices continue their record-breaking rally, surpassing the previous peak and setting a new all-time high near $3,038 per ounce, exceeding the projected target of $3,020. From a technical perspective, the 4-hour chart shows that gold remains well-supported by the simple moving averages, which continue to reinforce the upward trend. …

The euro continues to exhibit positive stability against the US dollar, aligning with the expected outlook after reaching the official target level of 1.0945 in the latest technical report, recording a high of 1.0954. From a technical perspective, the 4-hour chart indicates that the euro is encountering key resistance between …

Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the expiration of a sales tax break mid-month contributed to broader price increases, Statistics Canada reported on Tuesday. This marks the first time in seven months that inflation has exceeded 2%, reaching the midpoint of the Bank …