Oil prices bounced on Friday after three sessions of declines, yet remained on course for a second consecutive weekly drop amid persistent worries over oversupply and softer U.S. demand. By 09:04 GMT, Brent crude rose $0.60 (≈1%) to $63.98/bbl, while West Texas Intermediate (WTI) gained $0.61 (≈1%) to $60.04/bbl. Both …
Read More »Bitcoin inches higher as bargain-hunting meets macro headwinds; altcoins bounce, jitters linger
Bitcoin rose on Thursday, clawing back a sliver of this week’s heavy losses as dip-buyers tested support after the market slid into bear-market territory. The largest cryptocurrency gained 1.7% to $103,744 by 23:35 ET (04:35 GMT), after briefly sinking below $100,000 earlier in the week—its weakest level since mid-June and …
Read More »Dow Jones Faces Selling Pressure 7/11/2025
The index extended its anticipated decline, posting a 46,895 low. Technical outlook 50-SMA (4H): Now above price and acting as dynamic resistance, limiting recovery attempts. RSI: Still negative; trying to unwind oversold, but momentum remains fragile. Base case (bearish while below 47,240) Maintaining trade beneath 47,240 keeps the downside in …
Read More »CAD Searches for Fresh Momentum 7/11/2025
USD/CAD extended its advance in line with prior bullish calls, tagging the 1.4120 target and printing a 1.4140 high. Technical outlook Structure: The break above the descending trendline is intact. SMAs: Simple moving averages have rotated beneath price, providing support. RSI: Easing from overbought without breaking down—consistent with scope for …
Read More »Pound Slams into Resistance 7/11/2025
The pair attempted to claw back recent losses, but the recovery remains fragile. Technical outlook RSI: Overbought resets are fading, with the indicator still sending negative signals. 50-SMA (4H): Capped the bounce near 1.3165, reinforcing overhead resistance. Structure: Ongoing stability below 1.3175 keeps the bearish bias intact. Base case (bearish …
Read More »Oil Tracks Along a Descending Trendline 7/11/2025
Futures are attempting to rebound after posting a $57.70 low, but the broader setup remains fragile. Technical outlook SMAs & structure: Simple moving averages sit overhead and a descending trendline persists—both acting as dynamic resistance and limiting upside. Base case (bearish while below $60.00) As long as price holds beneath …
Read More »Gold Leans on a Rising Minor Support 7/11/2025
Gold briefly shook off selling pressure after probing the $3,928 support, rebounding toward the $4,000 area. Technical outlook SMAs: Attempting to rotate beneath price, offering support from below and mild positive momentum. RSI: Turning constructive after a reset, aligning with scope for further recovery attempts within a broader corrective downtrend. …
Read More »Euro Retests Resistance 7/11/2025
The pair staged an intraday bounce after tagging the 1.1480 bearish target, but price action still looks like a resistance retest rather than a trend change. Technical outlook SMAs/structure: Price remains below the simple moving averages and under a descending structure—capping upside attempts. RSI: Pushed into overbought on the rebound, …
Read More »Bitcoin inches higher as bargain-hunting meets macro headwinds; altcoins bounce, jitters linger
Bitcoin rose on Thursday, clawing back a sliver of this week’s heavy losses as dip-buyers tested support after the market slid into bear-market territory. The largest cryptocurrency gained 1.7% to $103,744 by 23:35 ET (04:35 GMT), after briefly sinking below $100,000 earlier in the week—its weakest level since mid-June and …
Read More »UK construction slumps to five-year low as pre-Budget uncertainty bites
Britain’s construction industry shrank at the fastest pace in more than five years in October, with civil engineering suffering its steepest drop since the pandemic as weak demand and uncertainty ahead of Chancellor Rachel Reeves’ upcoming Budget weighed on activity. The S&P Global UK Construction PMI fell to 44.1 from …
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