The euro is experiencing a critical moment in its ongoing dance with the U.S. dollar. After a brief flirtation with the 1.0900 resistance level, the pair has retreated to 1.0845, leaving traders pondering its next move. A closer look at the technical landscape reveals a delicate balance between bullish and …
Read More »Dow Jones Faces Downward Pressure Amidst Bearish Technical Signals 28/5/2024
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Read More »USD/JPY Leans Bearish Amidst Waning Momentum and Key Resistance 28/5/2024
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Read More »GBP/USD Uptrend Continues Amidst Positive Technicals 28/5/2024
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Read More »WTI Crude Oil Prices Rise Amid Positive Technical Signals 28/5/2024
WTI crude oil futures prices have aligned with our previous technical forecast, reflecting a downward trend while trading below the $77.70 resistance level. However, as anticipated, a consolidation above this level triggered a recovery, pushing prices to a high of $78.90 in early trading today. Technical Indicators Support Potential for …
Read More »EUR/USD Surges Amid Positive Technical Signals 28/5/2024
The EUR/USD pair kicked off the week with a notable surge, reaching a high of 1.0880 during today’s morning trading session. Technical Analysis Supports Upward Momentum A close examination of the 4-hour chart reveals a bullish scenario. The simple moving averages have aligned to support the prevailing daily upward trend. …
Read More »European Markets Tread Cautiously Ahead of Inflation Data
European stock markets opened the week on a subdued note, with many major markets closed for the holiday. Investors exercised caution ahead of crucial inflation data releases from both the U.S. and Europe, scheduled for later this week. The pan-European STOXX 600 index dipped slightly by 0.02% as of early …
Read More »European Stock Markets Dip Amid Interest Rate Concerns
European stock markets declined on Friday, mirroring the global negative sentiment driven by worries over sustained high interest rates and their potential impact on economic activity. Market Performance At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.9% lower, the CAC 40 in France fell 0.6%, and the …
Read More »European Stocks Rise on Nvidia Forecast, Await Business Surveys
European stocks edged higher on Thursday following upbeat forecasts from AI giant Nvidia, boosting global chipmakers. Investors awaited the latest business surveys to assess the euro zone economy’s outlook and interest rate trajectory. The pan-European STOXX 600 index rose 0.2%, with the tech index leading sectoral gains with a 1.2% …
Read More »Dow Jones trims its gains 23/5/2024
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