Energies
About: seooptimization
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Daily Technical Analysis: The US Dollar Continues its Decline, EURUSD Breaks Above 1.1400
EURUSD shows a strong upward trend that has been going on for two weeks now as the US dollar continues to decline against major currencies. Today, the pair broke above 1.1400 level and is now eyeing the 1.1450 resistance level. All moving averages MA (5,10,30) are aligned bullishly. MACD had Bullish crossover recently, confirming upwardContinue Reading
Daily Fundamental Analysis: Markets are Mixed as Trump Delays 50% Tariffs on Europe
Key Takeaways As the tariff drama continues, President Donald Trump on Sunday announced the extension of the 50% tariff deadline for the EU to July 9 following a call with European Commission President von der Leyen. Initially planning a June 1 deadline, Trump changed course after von der Leyen requested more time for negotiations. SheContinue Reading
Weekly Recap Technical Analysis: Bitcoin Soars to New Record Highs Above $112,000
Throughout this week, the US dollar continued to decline against major currencies as the dollar index lost 1.60% falling below the crucial level of 100 once again. Demand on the greenback plummeted since the beginning of May. Gold pulls back after correction towards $3,100 levels The decline of the US dollar pushed gold prices higherContinue Reading
Weekly Recap Fundamental Analysis: Stock Indices Fluctuate and The Dollar Falls On Concerns Of US Credit Rating Downgrade
Key Takeaways: Global Stock Markets Updates Forex Market Updates Commodities Market Updates Major Economic Calendar Updates The UK private sector contracted for the second consecutive month raising fears of economic slowdown, as factory output declined at the fastest rate since October 2023. Government borrowing surged to £20.2 billion in April, higher than expectations, which increasesContinue Reading
Daily Technical Analysis: The British Pound Rises to the Highest Level Against the US Dollar in Eight Months
Sterling Pound continues its rise against the US dollar as the pair reached its highest level since September 2024. The pair closed above 1.3450 on the hourly chart, indicating more bullish momentum towards 1.3470 level. Price is finding support at the short term moving average MA(5). The overall trend remains bullish. However, closing below theContinue Reading
