Tag Archives: dollar

Oil, Crude, trading

Negative pressure dominated US crude oil futures prices during last Wednesday’s trading, erasing recent gains and reaching a low of $69.28 per barrel. From a technical perspective, the outlook remains cautiously negative, influenced by the bearish crossover of the simple moving averages, which are exerting downward pressure on the price. …

Positive trading dominated the movements of the euro against the US dollar, reaching its highest level during yesterday’s trading session around 1.1214. Technical Analysis: Today, we observe that the pair failed to maintain stability above the psychological resistance level of 1.1200, resulting in some negative movements. A closer look at …

European shares opened lower on Wednesday as the rally fueled by China’s recent stimulus package lost momentum. A pullback in technology and oil stocks added to the losses, reflecting the cautious mood among investors. The pan-European STOXX 600 index dropped by 0.3% to 518.06 by 0712 GMT, reversing some of …

German business sentiment took another hit in September, falling for the fourth consecutive month, according to a recent survey released on Tuesday. This dip adds to growing concerns that Europe’s largest economy may have slipped into recession. The Ifo Institute’s business climate index, a widely watched gauge of business morale, …

Gold prices surged to record highs in Asian trading on Tuesday, building on recent gains driven by optimism over U.S. interest rate cuts, while copper prices rallied sharply following a wave of stimulus measures announced by the Chinese government. These developments are setting the stage for a dynamic week in …

Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …

Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …

European stock markets edged lower on Friday, consolidating the previous session’s sharp gains as investors processed policy updates from several major central banks. At 03:05 ET (07:05 GMT), Germany’s DAX fell by 0.6%, France’s CAC 40 dropped 0.3%, and the U.K.’s FTSE 100 declined 0.5%. Central Banks in Focus After …

Gold prices edged higher in Asian trading on Friday, supported by a weaker dollar following the Federal Reserve’s aggressive interest rate cut. The move has bolstered optimism for more rate reductions, driving demand for the precious metal as a hedge against currency weakness and economic uncertainty. Gold Reacts to Fed’s …