market-News Archives - Page 17 of 22 - 0724WRB

2025-06-27 18:43:00 admin

Gold and Silver Prices Hold Steady in Consolidation Phase Ahead of Key US PCE Inflation Data Release – Technical Analysis

Key Points:Gold (XAU/USD) consolidates above the $3,300 support level.Silver (XAG/USD) finds support near $35.30 and looks poised to move higher.US Dollar Index (DXY) continues to decline below the 98 support level.Gold (XAUUSD) pulled back on Thursday despite ongoing weakness in the US Dollar. The retreat came as traders shifted focus toward risk assets, driven by a bullish mood in global equity markets. The recent rally in US equity indices has led to limited demand for safe-haven assets, such

2025-06-27 18:39:00 admin

Natural Gas and Oil Price Forecast: Will U.S.-China Trade Talks Trigger a Breakout in Energy Markets?

Key Points:WTI crude climbs near $66 but remains on track for its worst weekly loss since March, driven by $15-per-barrel volatility.Natural gas rebounds from $3.40 lows but faces strong resistance at $3.79–$3.88 with upside momentum fading.Brent crude stalls at $67.91 as price compression near key resistance hints at a potential breakout or breakdown.Market OverviewWTI crude oil futures climbed for a third consecutive session on Friday, nearing $66 per barrel, yet remained poised for their stee

2025-06-27 18:34:00 admin

Gold and Silver Price Analysis: XAUUSD Drops Below $3,300 as Silver Aims for $37 Resistance – Latest Forecast & Trading Insights

Key Points:Gold dips to $3,294.80 amid easing geopolitical tensions, but Fed policy uncertainty keeps support levels intact.Silver consolidates above $36.50 with bullish momentum, but faces resistance at $36.83 and key breakout levels ahead.A sharper-than-expected 0.5% GDP contraction in Q1 has fueled rate cut bets, boosting gold’s long-term demand outlook.Market OverviewGold prices retreated in early Asian trading on Friday, falling below the $3,300 threshold to trade near a two-week low of $3,

2025-06-27 18:29:00 admin

US Dollar Forecast: Weak GDP Data and Dovish Fed Expectations Push GBP/USD and EUR/USD Higher – Key Levels to Watch

Key Points:The U.S. Dollar Index sinks to a 3.5-year low near 97.25 amid Fed leadership uncertainty and weak GDP data.Trump’s push to replace Fed Chair Powell fuels rate cut bets, with futures pricing in 64bps of easing by year-end.U.S. GDP contracts 0.5% in Q1, below expectations, increasing pressure on the Fed and weighing further on the dollar.Market OverviewDuring Friday’s Asian session, the U.S. Dollar Index (DXY) extended its decline, hovering near 97.25, its lowest level in over three yea

2025-06-27 18:25:00 admin

US Dollar Struggles Continue: Key Factors Driving USD Weakness in Forex Markets Today

Much of the focus was on the US Federal Reserve (Fed) resuming policy easing yesterday, as the S&P 500 closed the session out within touching distance of all-time highs of 6,147, and the US dollar (USD) continuing to explore deeper waters.Trump to Name Fed Chair Candidate Earlier Than Expected?US President Donald Trump has floated the idea of naming Fed Chair Jerome Powell’s successor earlier than expected; for context, Powell’s term expires in May 2026. As you can imagine, announcing a new Fed

2025-06-27 18:21:00 admin

WTI Oil Prices Attempt Recovery After 5.8 Million Barrel Crude Inventory Draw Sparks Market Rebound

Key Points:Strategic Petroleum Reserve increased from 402.3 million barrels to 402.5 million barrels. Domestic oil production grew from 13.431 million bpd to 13.435 million bpd. Oil prices try to gain upside momentum after the release of the EIA report. On June 25, 2025, EIA released its Weekly Petroleum Status Report. The report indicated that crude inventories declined by -5.8 million barrels from the previous week, compared to analyst consensus of -0.75 million. At current levels, crude inven

2025-06-27 18:17:00 admin

China Boosts Economic Stimulus Amid Rising US Trade Tensions to Safeguard Growth and Recovery

Key Points:Beijing unveils stimulus plans to raise household income and tackle weak consumption amid trade tensions.Rare-earth exports to the US plunge 93% in May, casting doubt on China’s compliance with the trade truce.Hang Seng Index leads regional gains in June, rising 4.51% despite tech restrictions and tariff tensions.Beijing Targets Labor Market and Consumers to Boost DemandThis week, Beijing announced new guidelines aiming to bolster employment and boost household incomes to counter the

2025-06-27 18:13:00 admin

US Durable Goods Orders Jump as Labor Market Weakness Signals Economic Uncertainty

Key Points:Durable goods orders surged 16.4% in May, led by a 48.3% spike in transportation equipment, reversing April’s decline.Excluding transportation, durable goods rose just 0.5%, underscoring reliance on large capital-intensive orders.Insured unemployment rose to 1.974 million—the highest since 2021—despite a drop in initial weekly jobless claims.Durable Goods Orders Soar on Transportation DemandU.S. durable goods orders jumped 16.4% in May to $343.6 billion, driven almost entirely by a su

2025-06-27 18:09:00 admin

EIA Reports Larger-Than-Expected Natural Gas Storage Build of 96 Bcf, Surpassing Analyst Forecasts

Key Points:Working gas in storage increased by +96 Bcf from the previous week. At current levels, stocks are +179 Bcf above the five-year average for this time of the year. Weather forecasts point to high demand for natural gas, but rising storage levels may put material pressure on prices. On June 26, 2026, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +96 Bcf from the previous week, compared to analyst forecast of +88 Bcf. In

2025-06-27 18:05:00 admin

Middle East Ceasefire Instability Raises Geopolitical Risks and Economic Impact on Europe – FX Market Analysis

The Israel-Iran truce fails to permanently reduce geo-political uncertainties weighing on an already subdued economic outlook for Europe, but the crisis’s impact on Europe’s economy is limited for now.Israel and Iran have agreed on a tenuous truce this week following the recent hostilities. Nevertheless, the risk of further regional escalation – and the possible effect on oil markets and international trade – remains given the lack of international consequences for Israel and the United States f

Category: market-News