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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7358.21
7358.21
7358.21
7428.06
7336.82
-7.24
-0.10%
--
--
DJI
Dow Jones Industrial Average
51848.89
51848.89
51848.89
52248.69
51617.73
+182.06
+ 0.35%
--
--
IXIC
NASDAQ Composite Index
25476.63
25476.63
25476.63
25840.56
25354.66
-110.42
-0.43%
--
--
USDX
US Dollar Index
101.280
101.280
101.360
101.400
101.220
-0.010
-0.01%
--
--
EURUSD
Euro / US Dollar
1.13628
1.13628
1.13636
1.13708
1.13474
+0.00047
+ 0.04%
--
--
GBPUSD
Pound Sterling / US Dollar
1.31786
1.31786
1.31797
1.31850
1.31555
+0.00110
+ 0.08%
--
--
XAUUSD
Gold / US Dollar
3983.09
3983.09
3983.50
4018.51
3962.92
-15.81
-0.40%
--
--
WTI
Light Sweet Crude Oil
69.264
69.264
69.294
70.080
68.944
-0.469
-0.67%
--
--

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Share

The Main Lithium Carbonate Contract Fell 4.00% During The Day, Currently Trading At 153,200 Yuan/ton

Share

Royal Bank Of Canada: Raises Its Price Target For Micron Technology From $1,200 To $1,500

Share

The Main Ethylene Glycol Contract Fell By 200.00 Yuan During The Day, And Is Currently Trading At 4003 Yuan/ton, A Drop Of 4.89%

Share

Royal Bank Of Canada Raised Its Price Target For Qualcomm From $175 To $250

Share

Bank Of Japan Board Member Naoki Tamura: If "falling Behind The Times" Is Defined As The Bank Of Japan Being Forced To Raise Interest Rates Rapidly To Cope With A Sharp Rise In Inflation, Then We Are Not In That Situation Now

Share

Bank Of Japan Policy Board Member Naoki Tamura: We Will Not Comment On An Ideal Fiscal Policy, But We Will Consider How To Best Achieve Price Stability While Taking Into Account The Impact Of Fiscal Policy On The Economy And Inflation

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Bank Of Japan Policy Board Member Naoki Tamura: We Will Pay Attention To How The Surge In Wholesale Inflation Affects The Consumer Price Index, Service Sector Price Changes, Inflation Expectations, And Businesses' Views On Financial Conditions In Order To Assess The Timing Of The Next Interest Rate Hike

Share

The Yield On Japan's 30-year Government Bonds Fell 3.0 Basis Points To 3.835%

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Bank Of Japan Policy Board Member Naoki Tamura: (Regarding The Possibility Of Continuous Interest Rate Hikes) If The Risk Of Inflation Exceeding Expectations Emerges, We May Need To Accelerate The Pace Of Interest Rate Hikes

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Bank Of Japan Board Member Naoki Tamura: Due To Changes In Corporate Pricing Behavior, Foreign Exchange Fluctuations Have A Greater Impact On Inflation Than In The Past

Share

Bank Of Japan Board Member Naoki Tamura: Foreign Exchange Fluctuations Are An Important Factor Affecting The Japanese Economy And Prices

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Bank Of Japan Policy Board Member Naoki Tamura: Exchange Rate Fluctuations Are Influenced Not Only By The Central Bank's Policy Stance But Also By Other Factors

Share

Bank Of Japan Policy Board Member Naoki Tamura: Exchange Rate Trends Must Reflect Fundamentals

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Bank Of Japan Board Member Naoki Tamura: The Bank Of Japan Needs To Assess The Impact Of Each Interest Rate Hike On The Economy, Prices, And Financial Development To Determine The Level Of The Neutral Interest Rate

Share

Bank Of Japan Board Member Naoki Tamura: Japan Has Achieved The Central Bank's 2% Inflation Target, And Interest Rates Must Be Raised To Near Neutral Levels To Prevent Potential Inflation From Exceeding The Target

Share

Sources Say That U.S. Defense Company Anduril Is In Talks To Acquire A Nissan Factory For Drone Production In Japan

Share

According To Vietnamese State Media, Vietnam's Rice Exports Are Expected To Increase By 5.7% Year-on-Year In The First Half Of The Year, Reaching 5 Million Tons

Share

Venezuelan Acting President Rodriguez: The Earthquake In Venezuela Has Killed 32 People And Injured 700

Share

Venezuelan Acting President Rodriguez: The Collapse Of Dozens Of Buildings In La Guaira Is A “real Tragedy.”

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Venezuelan Acting President Rodriguez: Aid Workers From Other Countries Will Arrive In Venezuela In The Next Few Hours

TIME
ACT
FCST
PREV
IMPACT
U.S. Richmond Fed Services Revenue Index (Jun)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Richmond Fed Manufacturing Shipments Index (Jun)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. 2-Year Note Auction Avg. Yield

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
US President Trump delivered a speech
Argentina GDP YoY (Constant Prices) (Q1)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.S. API Weekly Cushing Crude Oil Stocks

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. API Weekly Crude Oil Stocks

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. API Weekly Refined Oil Stocks

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. API Weekly Gasoline Stocks

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
BOJ Gov Ueda Speaks
Germany Ifo Current Business Situation Index (SA) (Jun)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany IFO Business Climate Index (SA) (Jun)

A:--

F: --

P: --
EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany Ifo Business Expectations Index (SA) (Jun)

A:--

F: --

P: --
EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany 10-Year Bund Auction Avg. Yield

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.S. MBA Mortgage Application Activity Index WoW

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Current Account (Q1)

A:--

F: --

P: --
USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. New Home Sales Annualized MoM (May)

A:--

F: --

P: --
USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Annual Total New Home Sales (May)

A:--

F: --

P: --
USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. EIA Weekly Heating Oil Stock Changes

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. EIA Weekly Crude Oil Imports Changes

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. EIA Weekly Gasoline Stocks Change

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. EIA Weekly Crude Demand Projected by Production

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. EIA Weekly Cushing, Oklahoma Crude Oil Stocks Change

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. EIA Weekly Crude Stocks Change

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. 5-Year Note Auction Avg. Yield

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
BOJ Gov Ueda Speaks
Australia Labor Force Participation Rate (SA) (May)

A:--

F: --

P: --

AUDUSD
  • AUDUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Australia Unemployment Rate (SA) (May)

A:--

F: --

P: --

AUDUSD
  • AUDUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Australia Full-time Employment (SA) (May)

A:--

F: --

P: --

AUDUSD
  • AUDUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Australia Employment (May)

A:--

F: --

P: --

AUDUSD
  • AUDUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany GfK Consumer Confidence Index (SA) (Jul)

--

F: --

P: --

South Africa PPI YoY (May)

--

F: --

P: --

U.K. CBI Retail Sales Expectations Index (Jun)

--

F: --

P: --

U.K. CBI Distributive Trades (Jun)

--

F: --

P: --

ECB Chief Economist Lane Speaks
Mexico Unemployment Rate (Not SA) (May)

--

F: --

P: --

U.S. Weekly Initial Jobless Claims (SA)

--

F: --

P: --

U.S. Core PCE Price Index YoY (May)

--

F: --

P: --

U.S. Personal Outlays MoM (SA) (May)

--

F: --

P: --

U.S. Real Personal Consumption Expenditures Final QoQ (Q1)

--

F: --

P: --

U.S. Core PCE Price Index MoM (May)

--

F: --

P: --

U.S. Durable Goods Orders MoM (May)

--

F: --

P: --

U.S. PCE Price Index YoY (SA) (May)

--

F: --

P: --

U.S. PCE Price Index MoM (May)

--

F: --

P: --

U.S. Personal Income MoM (May)

--

F: --

P: --

U.S. Real Personal Consumption Expenditures MoM (May)

--

F: --

P: --

U.S. Initial Jobless Claims 4-Week Avg. (SA)

--

F: --

P: --

U.S. Weekly Continued Jobless Claims (SA)

--

F: --

P: --

U.S. Durable Goods Orders MoM (Excl.Transport) (May)

--

F: --

P: --

U.S. Non-Defense Capital Durable Goods Orders MoM (Excl. Aircraft) (May)

--

F: --

P: --

U.S. Chicago Fed National Activity Index (May)

--

F: --

P: --

U.S. Durable Goods Orders MoM (Excl. Defense) (SA) (May)

--

F: --

P: --

U.S. Dallas Fed PCE Price Index YoY (May)

--

F: --

P: --

U.S. EIA Weekly Natural Gas Stocks Change

--

F: --

P: --

U.S. Kansas Fed Manufacturing Composite Index (Jun)

--

F: --

P: --

U.S. Kansas Fed Manufacturing Production Index (Jun)

--

F: --

P: --

Mexico Policy Interest Rate

--

F: --

P: --

New York Federal Reserve President Williams delivered a speech.
U.S. Weekly Treasuries Held by Foreign Central Banks

--

F: --

P: --

Japan Tokyo CPI MoM (Jun)

--

F: --

P: --

Japan Tokyo CPI YoY (Jun)

--

F: --

P: --

Q&A with Experts
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    Hamid flag
    PLED6KDR6W
    @Hamidyou are also from Pakistan
    @PLED6KDR6WYes im pakistani
    sonam flag
    sonam
    Gold Buy 3990-3987 SL 3981 TP 3993 TP 3996 TP 3999 TP 4002 TP Open
    Gold Buy TP 3 Hit 100 pips profit Done ✅
    Sean flag
    john
    @Sean what is your plan here ?
    @john Looking for an opportunity to buy
    john flag
    Sean
    @john Looking for an opportunity to buy
    @Sean thats treaky because it seems like 4000 just turned resistance level
    john flag
    Sean
    @john Looking for an opportunity to buy
    @Sean I would advice that you wait for more confirmation because bears are in control
    Ayesha irfan flag
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    Dollar Index above 101 is changing the mood across the board
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    I'm noticing EUR/USD struggling to hold any bounce
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    Sean
    I'm noticing EUR/USD struggling to hold any bounce
    @SeanYes it really is, could be as a result of the intense bulishness of DXY
    john flag
    Sean
    I'm noticing EUR/USD struggling to hold any bounce
    @SeanThis usually what happens when the dollar starts gaining broad strength
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    @SeanYes it really is, could be as a result of the intense bulishness of DXY
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          Is the Halt in Libyan Oil Production Enough to Propel WTI Crude Beyond $72?

          Warren Takunda
          Summary:

          WTI crude futures stabilized around $72 per barrel following a 2.1% gain as geopolitical tensions in the Middle East and disruptions in Libyan oil production captured investor attention. The shutdown of Libya’s Sharara oilfield, removing 300,000 barrels per day, coupled with concerns about broader regional conflicts impacting supply, added to the market's uncertainty.

          SELL WTI
          Close Time
          CLOSED

          72.000

          Entry Price

          65.000

          TP

          75.000

          SL

          69.264 -0.469 -0.67%

          300.0

          Pips

          Loss

          65.000

          TP

          75.001

          Exit Price

          72.000

          Entry Price

          75.000

          SL

          WTI crude oil steadied at $72 per barrel on Wednesday, maintaining its ground after a 2.1% increase in the prior session. Investors are closely monitoring geopolitical developments, particularly in the Middle East, as well as disruptions in Libyan oil production. The Sharara oilfield in Libya ceased production last week due to political protests, eliminating approximately 300,000 barrels per day from the market.
          The threat of a prolonged war in Gaza and Houthi attacks on ships in the Red Sea has heightened concerns of a wider conflict in the region, potentially leading to further disruptions in oil supply. Furthermore, recent industry data revealed a significant decline in US crude inventories by 5.215 million barrels last week, surpassing market expectations for a 1.2 million barrel drop.
          Notably, US gasoline stockpiles rose by 4.9 million barrels, and distillate inventories gained 6.9 million barrels, contributing to the overall market dynamics.
          Looking ahead, investors are anticipating the release of US EIA data later on Wednesday and the International Energy Agency’s monthly market report next week to gain further insights into the oil market's trajectory.
          Technical Analysis
          Crude oil prices concluded 2023 with three consecutive months of declines, plummeting from a peak of $95 in September 2023 to $70.75, marking a nearly 25% decrease. Despite ongoing political risks, the market has shifted closer to standard supply and demand dynamics, as indicated by the latest COT report showing extreme long levels among commercials.
          Is the Halt in Libyan Oil Production Enough to Propel WTI Crude Beyond $72?_1
          The weekly chart reveals an uptrend that began in early 2020, reaching a peak of $131.00. The price action indicates a potential flag formation, suggesting a continuation pattern. Recent breakouts and throwbacks have been observed, with potential support at the intersection of the price with its SMA200.
          However, challenges lie ahead as the price contends with resistance represented by the annual pivot point and Monthly R1 calculations in the range of $76.18 to $76.80.
          Is the Halt in Libyan Oil Production Enough to Propel WTI Crude Beyond $72?_2
          On the 4-hour chart, the declining equidistant channel indicates potential further downward pressure. Price action is attempting to find support at its weekly support level, Crude is under pressure of fear of recession and can go down again. Upper line of broad channel is so strong and can push price to $65.00 zone.
          TRADE RECOMMENDATION
          SELL WTI
          ENTRY PRICE : 72.00
          STOP LOSS : 75.00
          TAKE PROFIT : 65.00
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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