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WTI oil prices declined early on Wednesday as the unexpected increase in US crude inventories heightened concerns about weakening demand. This fresh downturn fell below the base of the rising daily Ichimoku cloud and broke through pivot…
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Cable remains in a narrow trading range on Tuesday as traders await new signals from this week's key economic event for sterling: the Bank of England's monetary policy meeting on Thursday. Today's data, including UK construction PMI…
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The Reserve Bank of Australia maintained interest rates at a 12-year high of 4.35% following its two-day May policy meeting, surprising the markets with a less aggressive stance than anticipated, as many expected signals of another rate…
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US job growth in April showed a slower pace of hiring, with nonfarm payrolls rising by 175,000, compared to a revised higher figure for March. Though this number fell short of expectations, it still points to a relatively tight labor…
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WTI oil prices are consolidating for the second consecutive day after a sharp drop earlier in the week but maintain a strong bearish outlook below the key $80 level. Oil is on track for its largest weekly…
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The Euro maintains a firm stance, marking its third consecutive day of gains and putting pressure on key resistance at the 1.0750 zone (50% retracement of the 1.0885/1.0601 range and daily Kijun-sen). A…
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The recent report on eurozone manufacturing activity presents a mixed scenario, with overall conditions declining despite some areas showing signs of improvement. In April, manufacturing activity across the eurozone decreased further due…
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The two-day recovery appears to be losing momentum as it repeatedly struggles to break above the thin daily cloud. The long upper shadows on the daily candles signal continued pressure. The daily chart's technical outlook remains…
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The US Federal Reserve maintained interest rates steady following its policy meeting that concluded on Wednesday, as widely anticipated. The Fed hinted at future reductions in borrowing costs but also cautioned about unexpectedly high…
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Bitcoin dropped to its lowest point since February 27 on Wednesday as the downward trend continued for the third consecutive day. This decline was driven by diminishing expectations of imminent Fed rate cuts. On Monday, Bitcoin broke and…
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