Germany’s inflation rate cooled down to 2.5% in June, according to the federal statistics office’s final figures released on Thursday. This confirms the initial estimates and marks a decline from the 2.8% year-on-year increase in May. The harmonized consumer price index, which allows for comparison with other European Union countries, …
Read More »European Shares Rally Amidst Corporate Earnings
European stocks saw a modest rise on Wednesday, driven by positive corporate earnings reports. However, gains were tempered by weakness in oil and metal prices, and investors remained cautious ahead of Federal Reserve Chair Jerome Powell’s second day of testimony, seeking further clues on interest rate policy. Market Performance and …
Read More »Dow Jones: Cautious Bearish Bias Amidst Volatility 10/7/2024
Oil, Crude, trading
Read More »USD/JPY: Bullish Reversal Signals Potential for Further Gains 10/7/2024
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Read More »GBP/USD: Cautious Optimism Hinges on 1.2800 Level 10/7/2024
Oil, Crude, trading
Read More »WTI: Bearish Momentum Strengthens as Price Declines 10/7/2024
As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
Read More »EUR/USD: Bullish Potential Amidst Narrow Range Trading 10/7/2024
The EUR/USD pair has been trading within a narrow range, confined between the support level of 1.0800 and the pivotal resistance at 1.0840. Technical analysis indicates a potential for a bullish breakout, but caution is warranted. Key Technical Signals: Support Level: The pair has found solid support near the psychological …
Read More »Dow Jones: Cautious Optimism Amidst Volatility 9/7/2024
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Read More »USD/JPY: Bearish Bias Emerges After Strong Resistance 9/7/2024
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Read More »GBP/USD: Bullish Momentum Builds After Key Resistance Break 9/7/2024
Oil, Crude, trading
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