After four sessions of consolidation due to conflicting signals, the EUR/USD pair has decisively broken above the key 1.0760 resistance level (50.0% Fibonacci retracement), reaching a high of 1.0824 in early trading today. Technical Outlook: On the 4-hour chart, the pair is now holding above the psychological resistance of 1.0800, …
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European stocks enjoyed a boost on Wednesday, buoyed by Federal Reserve Chair Jerome Powell’s encouraging remarks and anticipation surrounding key political events in France and the UK. The pan-European STOXX 600 index rose 0.3%, marking its second gain in seven sessions. Investor sentiment was lifted by Powell’s comments regarding “significant …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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US crude oil futures prices reached our previously identified target of 84.20, peaking at $84.35 per barrel, before experiencing a slight pullback to retest the 83.00 level. Technical Outlook: Despite the recent correction, the technical outlook remains bullish. The 240-minute chart reveals that the simple moving averages (SMAs) are still …
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The EUR/USD pair continues to exhibit sideways movement, remaining within the 1.0720 support and 1.0760 resistance levels for the fourth consecutive session. Technical Outlook: On the 4-hour chart, the pair is still consolidating below the key resistance level of 1.0760, which coincides with the 50.0% Fibonacci retracement. While the Stochastic …
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European stocks experienced a decline on Tuesday, reaching a two-week low as the initial relief rally following the first round of French parliamentary elections subsided. Investors now await crucial euro zone inflation data for June, which could provide insights into the future path of interest rates. Market Performance The pan-European …
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Oil, Crude, trading
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japanese-yen
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