For the first time since mid-2021, euro zone inflation dipped below 2% in September, reinforcing expectations that the European Central Bank (ECB) could implement another rate cut this month as its efforts to control price growth appear to be nearing success. Key Inflation Figures: Headline Inflation: Inflation in the 20 …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures experienced significant losses, as anticipated in the previous report, reaching a low of $67.45 per barrel within the bearish trend. Technically, we maintain a cautious negative outlook, relying on the ongoing downward pressure from the simple moving averages, along with the stability of momentary trading below …

Gold prices declined during the previous trading session after failing to maintain stability above the 2645 support level, moving toward the first official target of $2624 per ounce. Today’s technical analysis indicates a likelihood of continuing the corrective decline. A closer look at the 4-hour chart reveals that the simple …

Negative trading dominated the movements of the euro against the US dollar during the first trading session of the current week, with the pair encountering a strong resistance level around the psychological barrier of 1.1200, which resulted in a bearish bias. On the technical side today, and with a closer …

Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT.West Texas …

Asian stocks dipped near two-and-a-half-year highs on Tuesday, while the U.S. dollar strengthened following hawkish remarks by Federal Reserve Chair Jerome Powell, which dampened hopes for significant interest rate cuts. Additionally, rising tensions in the Middle East contributed to a cautious risk sentiment among investors. Market Overview MSCI’s Broadest Asia-Pacific …

Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut. Key State …