Oil, Crude, trading

japanese-yen

US crude oil futures experienced mixed, but mostly negative, trading after encountering strong resistance around the $78.40 level, which led to a pullback. From a technical perspective, we lean toward a bearish outlook, but with caution, as the Stochastic indicator on the 4-hour chart signals a loss of upward momentum. …

Oil, Crude, trading

Gold prices saw a sharp decline yesterday, aligning with the negative outlook in the previous report, which anticipated a break of the $2645 support level, reaching the target of $2605 per ounce. Today’s technical view suggests the potential for a continued corrective decline. The 240-minute chart shows a bearish alignment, …

The EUR/USD pair experienced negative trading in the previous session, diverging from the expected upward trend outlined in the last technical report, where we relied on the pair maintaining stability above the psychological support level of 1.1100. As previously indicated, breaking through 1.1100, and more importantly 1.1095, would halt the …

Gold prices extended their decline in Asian trading on Wednesday, as growing expectations of slower rate cuts by the Federal Reserve weighed on the market. A stronger U.S. dollar, supported by rising Treasury yields, added pressure on metals. Spot gold slipped 0.2% to $2,615.90 per ounce, while December gold futures …

European stock markets retreated on Tuesday, following the lead of Wall Street as investors reassessed U.S. interest rate expectations and grappled with ongoing tensions in the Middle East and regional economic concerns. By 03:05 ET (07:05 GMT), Germany’s DAX fell 0.7%, France’s CAC 40 dropped 1.2%, and the FTSE 100 …

The U.S. dollar eased slightly on Tuesday from near seven-week highs against major currencies, as investors reassessed the outlook for U.S. interest rate cuts. Geopolitical tensions in the Middle East, however, continued to support the dollar’s appeal as a safe-haven asset. The euro gained 0.2%, trading at $1.0992, after reaching …

Most Asian markets fell on Tuesday, following Wall Street’s overnight weakness, as a strong U.S. labor market reinforced expectations that interest rates will remain high. However, Chinese markets bucked the trend, rallying sharply as trade resumed post-holiday and investors responded to Beijing’s stimulus measures. China Outperforms as Stimulus Boosts ConfidenceChinese …