The Swiss National Bank (SNB) reduced interest rates for the second consecutive time on Thursday, highlighting its confidence in easing price pressures and solidifying its position at the forefront of the global policy easing cycle. The central bank’s decision to cut its policy rate by 25 basis points to 1.25% …

European shares experienced a positive trading session on Thursday, propelled by a surge in technology and real estate stocks. The pan-European STOXX 600 index rose 0.4% by mid-morning, with ASMI, a semiconductor equipment manufacturer, leading the charge in the tech sector after receiving an upgrade from Morgan Stanley. Switzerland’s benchmark …

Asian stocks maintained their position near a two-year peak on Thursday, as traders eagerly awaited further guidance on U.S. monetary policy. The Bank of England (BoE), Swiss National Bank (SNB), and Norges Bank (Norway’s central bank) were all set to announce their policy decisions, further shaping the global interest rate …

Oil, Crude, trading

The USD/CAD pair has successfully held above the crucial 1.3690 support level, indicating a potential shift towards a bullish bias. Technical Outlook On the 4-hour chart, the Stochastic oscillator is showing positive crossover signals, suggesting a potential increase in upward momentum. Additionally, the Relative Strength Index (RSI) is attempting to …

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices continue their upward trajectory, approaching our previously identified target of 81.30 and reaching a high of $81.13 per barrel. Technical Outlook: While the intraday movement shows some consolidation below 81.00, the overall trend remains bullish. The Stochastic indicator on the 4-hour chart is hinting at …

Gold prices opened on a positive note today, retesting the pivotal resistance level of 2340. However, the technical outlook remains predominantly bearish. Technical Analysis On the 240-minute chart, while the simple moving averages are now providing support from below, suggesting a potential upward trend, the price remains below the crucial …

The EUR/USD pair experienced narrow sideways movement during the previous session, reflecting the subdued trading activity due to the U.S. market holiday. The overall bearish context remains intact. Technical Outlook: On the 4-hour chart, the 50-day simple moving average (SMA) continues to act as a significant barrier around the 1.0760 …