Oil, Crude, trading
Read More »Oil hits resistance 10/12/2024
US crude oil futures attempted to move higher in the previous session, challenging the pivotal resistance level of 68.60 and reaching a peak of $68.85 per barrel. Technically, analysis of the 240-minute chart suggests that negativity prevails due to sustained downward pressure from the simple moving averages. Additionally, the price …
Read More »Euro trying to recover 10/12/2024
The EUR/USD pair maintained its upward trajectory within the anticipated positive outlook highlighted in the previous technical report, reaching the first target of 1.0600 and recording a high of 1.0597. Technically, today’s analysis of the 4-hour chart shows the 50-day simple moving average supporting the bullish movement, alongside positive momentum …
Read More »US Dollar Dips as Geopolitical Risks Weigh Amid Economic Data Focus
The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …
Read More »European Shares Near Six-Week Highs on China Stimulus Hopes
European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …
Read More »Dow Jones faces temporary negative pressure 9/12/2024
Oil, Crude, trading
Read More »USD/JPY Steady Below Resistance 9/12/2024
japanese-yen
Read More »GBP may repeat its rising chances 9/12/2024
Oil, Crude, trading
Read More »Oil: Negative pressure persists 9/12/2024
US crude oil futures prices continue their bearish trajectory, aligning with the previous negative outlook. The price reached the official target at 67.00, recording a low of $67.05 per barrel. Technical Analysis: 240-Minute Chart Observations: The simple moving averages maintain downward pressure. The 14-day momentum indicator shows strong negative signals, …
Read More »Euro seeks additional momentum 9/12/2024
The EUR/USD pair ended last week’s trading on a bullish note, surpassing the 1.0560 resistance level and reaching the target of 1.0635, marking its highest level at 1.0635. Technical Analysis: Momentum Indicators: The 240-minute chart shows support from the 50-day simple moving average, alongside the Stochastic indicator signaling positive momentum, …
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