United States Baker Hughes US Oil Rig Count below forecasts (485): Actual (479)

GBPUSD price declined in last trading, but may recover and rise again due to positive strength and bullish correctional trend The (GBPUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, to offload this overbought condition, gathering its positive strength that might help…

Let’s start by addressing the most recent and obvious fundamental happening in the last twelve hours – the September NFP report. Delayed just shy of two months owing to the US government shutdown, September’s numbers beat expectations by some margin. However, the report also noted rising unemployment to 4.4%, its highest level since 2021, as…

On 23 August, while analysing the chart of Chinese automaker NIO, we noted that: → For months, the price has been forming a downward channel (shown in red), driven by the company’s inability to turn a profit, with the $4.25 level acting as resistance. → Investors may hold out for positive shifts in the fundamentals,…

EUR/USD edged higher to 1.1494 last week but lost momentum again. Initial bias stays neutral this week first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On the downside, break of 1.1356 support will…

In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session. According to analysts cited by the media:→ the company’s revenue is expected to come in at $23.18 billion (compared to $22.24 billion…