Tag Archives: dollar

Oil, Crude, trading

WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …

The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …

German exports experienced a sharper-than-expected decline in May, as weak demand from major trading partners such as China, the U.S., and other European countries weighed on the nation’s economic performance. According to data released by the federal statistics office, exports fell by 3.6% in May compared to the previous month, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced mixed trading in the previous session, encountering resistance at the 83.90 level and failing to break through. However, the price remains within the bullish context and is supported by the 50-day simple moving average around 82.50. Technical Outlook: On the 4-hour chart, the price …

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, …

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 …