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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The USD/CAD pair is trading within a narrow sideways range, supported at 1.3750 and capped by resistance just below 1.3800. Technical Outlook – 4-hour timeframe: Technical indicators point to a possible resumption of the uptrend, backed by the 50-period simple moving average, which continues to provide support. However, early signs …
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Oil, Crude, trading
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