Oil slips a little on Trump peace talk but supply fears keep prices elevated
Brent fell 0.4% and WTI slipped 0.3% after Trump claimed the Iran war will end very quickly, though investors remain cautious as US crude stocks fell for a fifth straight…
USDCHF Wave Analysis – ActionForex
USDCHF: ⬆️ Buy USDCHF broke daily Triangle Likely to rise to resistance level 0.7920 USDCHF currency pair recently broke above resistance trendline of the daily Triangle chart pattern from the…
Crypto Market is Creeping Upwards Across the Board
Market Overview The crypto market capitalisation has risen by 1.3%, reaching $2.59T. The stock market’s return to growth has bolstered appetite for cryptocurrencies, allowing the market to rebound from the…
Trading Nasdaq Today: NQ Bears Hold the Edge Below $29,313, Bulls Need $29,427
Prediction Score: -3 / +10 Current bias: Mildly bearish while Nasdaq futures remain below the $29,300 to $29,321.50 resistance cluster Key tradeCompass level for today: $29,313 Bullish activation level: $29,427Key…
OPEC+ likely to agree on oil output quota hike of 188,000 bpd at the June 7th meeting
While the nominal increase does little to alter the actual physical balance of global supply, energy analysts view the decision as a political signal intended to project stability and control…
USDCAD reverses back to the upside, putting the buyers back in full control
The USDCAD is being pulled sharply in both directions as markets react to the latest headlines surrounding the conflict in Iran. The geopolitical uncertainty is driving rapid swings in oil…
Sunset Market Commentary
Markets The European May PMIs painted a gloomy picture, putting the economy on track for a quarterly decline by 0.2%. The composite indicator fell to a 31-month low of 47.5.…
The Deal Is Still Quite Unsure, Crude Oil Back Above $100: WTI Technical Analysis
WTI oil corrected strongly yesterday on Trump’s announcement that a deal is close, but the reality could be less optimistic. Traders are preparing for a rocky path to peace, as…
Oil market could hit ’red zone’ in July-August, IEA chief says
Oil market could hit ’red zone’ in July-August, IEA chief says Source link
Fed Calmed the Markets Down
The FOMC has started discussing rate hikes. Gold is under pressure amid Russia’s bullion sales. The US dollar retreated as the odds of a year-end rate hike slipped from 57%…
