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Oil, Crude, trading
Read More »GBP tends to be negative 16/12/2024
Oil may repeat attempts to rise 16/12/2024
Mixed trading dominated the movements of US crude oil futures, with prices reaching the initial target highlighted in the previous technical report at 71.10, and recording a high of $71.38 per barrel. From a technical perspective, the 240-minute chart indicates that prices are currently stabilizing above the minor support level …
Read More »Euro awaits negative stimulus 16/12/2024
The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …
Read More »European Stocks Decline as Investors Weigh Economic and Policy Uncertainties
European stock markets edged lower on Friday, poised to end a three-week winning streak as investors sought clarity on the euro zone’s monetary easing trajectory and grappled with concerns about slowing economic growth and rising geopolitical risks. The pan-European STOXX 600 index dipped 0.1%, setting it up for a 0.3% …
Read More »U.S. Dollar Steady as Markets Await ECB Rate Cut, Swiss Franc Falls Following SNB Decision
The U.S. dollar remained relatively unchanged on Thursday, holding steady ahead of the European Central Bank’s (ECB) much-anticipated monetary policy decision later in the day. Traders are widely expecting the ECB to implement a quarter-point rate cut, with the euro edging slightly higher in anticipation of the move. Meanwhile, the …
Read More »European Stocks Edge Higher as ECB Rate Decision Looms
European markets inched up on Thursday morning, supported by gains in cyclical sectors, as investors awaited key monetary policy decisions from the European Central Bank (ECB) and the Swiss National Bank (SNB). The STOXX 600 index, a benchmark for European equities, rose 0.1% as of 0814 GMT, extending its rally …
Read More »Dow Jones faces negative pressure 12/12/2024
Oil, Crude, trading
Read More »USD/JPY Jumps Higher 12/12/2024
japanese-yen
Read More »GBP repeats the chances of rising 12/12/2024
Oil, Crude, trading
Read More »Oil extends gains 12/12/2024
US crude oil futures experienced significant upward momentum, breaking the pivotal resistance level of $68.60 to achieve the anticipated targets from the previous session, reaching $70.50 per barrel. Technical Analysis A closer examination of the 4-hour chart reveals: Support Levels: The price currently holds above minor support at $69.60, with …
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