Financial markets ended last week in a state of uncertainty following the release of what were arguably the most consequential U.S. data sets for global trading: employment figures and inflation readings. These developments are the focus of this week’s market summary. U.S. labor‑market data reflected a continued deterioration over the …
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The US dollar ended last week lower, pressured by a mix of economic data and political developments. Among the key drivers were weaker macroeconomic indicators, comments from President Donald Trump, and reports about potential successors to Federal Reserve Chair Jerome Powell. Together, these factors reinforced expectations of a rate cut …
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The U.S. dollar posted weekly gains, supported by hawkish Federal Reserve commentary and improving trade relations between Washington and Beijing. The dollar index, which measures the greenback against a basket of major currencies, rose 0.4% to a three-week high at the start of last week and ended the week up …
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DowJones
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An upward trend took hold of the USD/CAD pair after several sessions of sideways movement, with the pair reaching its highest level in the previous session at 1.3820. Technical Outlook – 4-hour timeframe: Following yesterday’s rise, intraday price action is showing a natural pullback, yet the pair remains firmly above …
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Oil, Crude, trading
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An upward trend has dominated US crude oil futures, with prices attempting to recover losses from previous sessions. Technical Outlook – 4-hour timeframe: US crude has established solid support at $62.00, while the 50-period simple moving average continues to act as dynamic resistance from above. The Relative Strength Index (RSI) …
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Gold prices (XAU/USD) recorded a sharp decline in the previous session after stronger US inflation data boosted the dollar at the expense of the precious metal, sending prices to a low of $3,329. Technical Outlook – 4-hour timeframe: Intraday price action shows only limited rebound attempts, as the 50-period simple …
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The EUR/USD pair retreated in the previous trading session after two unsuccessful attempts to close above the key psychological resistance at 1.1700. Technical Outlook – 4-hour timeframe: Despite the pullback, technical indicators remain supportive of a potential rebound, as the price continues to trade above the 50-period simple moving average. …
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DowJones
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