European tech and luxury stocks took a hit on Wednesday following weak earnings reports from key players like ASML and LVMH, adding to market jitters ahead of the European Central Bank’s (ECB) upcoming policy decision. The STOXX 600 index fell by 0.3%, pulling back further from a recent two-week high. …

The U.S. dollar advanced on Wednesday, hovering near two-month highs as market expectations of modest Federal Reserve rate cuts supported the currency. Meanwhile, the British pound saw a significant drop after inflation data suggested a softer economic outlook. Dollar Gains Amid Adjusted Rate Cut Expectations The Dollar Index, which measures …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures experienced a significant decline, hitting the target of $69.65 as mentioned in the previous report, with a recorded low of $69.73 per barrel. The bearish double top pattern on the 4-hour chart continues to exert negative pressure, indicating the potential for the downtrend to persist. As …

Gold prices surged, reaching the target set in the previous technical report at $2677 per ounce during morning trading. The simple moving averages continue to support the potential for further upward movement, with the 14-day momentum indicator signaling a continuation of the trend as long as prices remain above the …

The EUR/USD pair continued its decline, as anticipated in the previous technical report, hitting the target of 1.0880 and recording a low of 1.0878 during the morning session. Today’s analysis suggests the downward trend may persist, with negative pressure continuing from the simple moving averages, supporting the decline. The bearish …

Bitcoin’s price climbed on Wednesday, nearing a 2-½ month high, fueled by optimism that the 2024 U.S. elections could bring more favorable regulations for cryptocurrencies. The digital asset has also benefited from improving capital inflows, adding momentum to its upward trend. The world’s largest cryptocurrency appears to have broken free …

Gold prices remained steady near record highs during Asian trading on Wednesday, recovering some recent losses as traders continued to bet on further interest rate cuts by the U.S. Federal Reserve. After hitting record highs in September, gold has since traded within a narrow range of $2,600 per ounce, with …