West Texas Intermediate (WTI) crude prices fell to around \$61.10 per barrel during early European trading on Tuesday, marking the second consecutive session of losses amid growing pressure from expectations of increased market supply. This comes as markets await the upcoming OPEC+ meeting, where the alliance may decide to raise production by an additional 411,000 barrels per day in July, according to Reuters. The group may also move to phase out the remaining voluntary production cut of 2.2 million barrels per day by the…

The U.S. dollar began the week under clear pressure following President Donald Trump's decision to postpone tariffs on European Union imports until July 9, after a phone call with European Commission President Ursula von der Leyen. Markets interpreted this move as a tactical retreat, temporarily easing trade tensions and boosting risk appetite in equity markets, which in turn negatively impacted the dollar's performance. On the other hand, the repercussions of the tax cut bill passed by the U.S. House of Representatives…

Daily Technical Report To : USDJPY

Gold prices opened the week with a slight decline, giving back part of the gains recorded in the previous week. This pullback came after U.S. President Donald Trump announced a postponement of the planned 50% tariffs on European Union imports. The decision led to a decrease in safe-haven demand for gold, although the downside remained limited due to ongoing pressure on the U.S. dollar and reduced investor appetite for U.S. Treasuries. Markets continue to react sensitively to statements coming out of Washington, especially…

The U.S. Dollar Index (DXY) opened the week on the same weak note it closed the previous week, declining to a one-month low of 98.70 during Monday’s Asian session. This brings it closer to multi-year lows of 97.95 recorded in late April. The decline comes amid improved risk appetite in global markets, following U.S. President Donald Trump’s decision to backtrack on imposing 50% tariffs on European Union imports. This decision, announced after a phone call between Trump and European Commission President Ursula von der Leyen,…

Daily Technical Report To : EURUSD