Price action remains in a corrective uptrend, with buyers attempting to extend gains. Technical outlook: Simple moving averages sit beneath price and continue to offer support. RSI is constructive, helping sustain upside momentum. Base case (bullish bias while above 60.80): Holding 60.80 keeps the path higher toward 61.75, then 61.90 …
Read More »Gold Seeks a Near-Term Cue as the Correction Persists 31/10/2025
Price action is choppy: yesterday’s rebound topped at $4,046 after a dip to $3,915, but no clean trend has emerged. Technical outlook The 4H simple moving averages slope lower and sit above price, acting as dynamic resistance and capping recovery attempts. An earlier rising trendline break keeps bears in control. …
Read More »Downtrend Line Puts a Lid on EUR 31/10/2025
The pair staged a modest intraday bounce after testing the 1.1550 support zone. Technical outlook (4H):• RSI is attempting to unwind oversold conditions, showing early stabilisation.• Price action remains capped by descending trendline resistance, and the 50/100 SMAs continue to act as dynamic hurdles, preserving downside pressure. Base case:• While …
Read More »U.S.–China trade pact could be signed “as soon as next week,” says Bessent
A U.S.–China trade agreement could be finalized as early as next week, according to U.S. Treasury Secretary Scott Bessent, speaking a day after President Donald Trump’s meeting with Chinese President Xi Jinping. Bessent said the “Kuala Lumpur agreement” was completed overnight and indicated both sides may exchange signatures within days. …
Read More »Oil slips as dollar strength offsets rate cut boost; markets eye Trump–Xi summit for trade cues
Oil prices edged lower in Asian trading on Thursday, with a firmer dollar dulling the boost from the Federal Reserve’s quarter-point rate cut and keeping Brent and WTI adrift near the bottom of recent ranges. By 21:18 ET (01:18 GMT), Brent December futures were down 0.2% at $64.81 a barrel, …
Read More »Gold rebounds from three-week low as Fed cut offers modest tailwind; trade clarity still lacking
Gold clawed back ground in Asian hours on Thursday, snapping a four-day slide as the Federal Reserve’s quarter-point rate cut underpinned non-yielding assets and a dearth of concrete progress from U.S.–China trade talks preserved a layer of haven demand. Spot prices rose 1.0% to $3,967.03/oz by 02:51 ET (06:51 GMT), …
Read More »Bitcoin slips as U.S.–China détente lacks detail and Fed tempers easing hopes
Bitcoin extended its retreat on Thursday as traders parsed upbeat—but thin—headlines from a meeting between U.S. and Chinese leaders and a Federal Reserve message that offered little comfort to dovish hopes. The world’s largest cryptocurrency fell 2.5% to $110,225 by 01:52 ET (05:52 GMT), unwinding much of last week’s rebound …
Read More »Bank of Japan On Hold, But Opens Door to a December Hike
The BoJ left rates unchanged but kept its guidance that further hikes remain on the table if the economy tracks its baseline outlook—nudging focus toward a potential move as soon as December. Core forecasts were broadly intact, while the statement and presser sharpened attention on overseas risks and the growth …
Read More »Bitcoin Market Brief — Rebound Stalls Ahead of Fed; Cautious Tone Caps Crypto Beta
Market snapshot Bitcoin (BTC): $112,819.3, −1.0% on the day; extends a two-session pullback after peaking near $116,000. Equities context: U.S. tech rallied to record highs on AI optimism, but the risk-on tone did not spill over to crypto. Drivers Fed in focus A 25 bp cut is widely expected at …
Read More »Oil Market Brief — Prices steady as U.S.–China thaw meets OPEC+ supply risk; API draws lend support
Market snapshot (Wed, 10:20 GMT) Brent: $64.51 (+$0.11, +0.2%) WTI: $60.21 (+$0.06, +0.1%) Brent and WTI are holding near unchanged as the market balances improving U.S.–China diplomacy against the prospect of a December OPEC+ quota increase. A sizable U.S. inventory draw reported by the API is cushioning the downside. Key …
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