Monthly Archives: March 2025

According to Danske Bank’s analyst, the US continues to purchase crude for its reserves gradually

Written on March 20, 2025 at 11:53 pm, by

The US bought crude for reserves, but slow purchases and economic concerns keep oil market challenges persistent.

The USDCAD faced buyers turning to sellers, retracing all earlier gains amidst market volatility

Written on March 20, 2025 at 11:51 pm, by

USDCAD’s bullish run stalled at 1.4401, reversing below key moving averages. A break above 1.4345 eases selling.

The South African Reserve Bank’s interest rate decision aligned with expectations at 7.5%

Written on March 20, 2025 at 11:23 pm, by

SARB holds interest rate at 7.5%, AUD/USD declines, EUR/USD weakens, gold corrects, and Pumpfun launches PumpSwap.

New plans from seven OPEC+ nations aim to address overproduction, targeting 189K to 435K bpd. Kazakhstan attracts attention following the dismissal of its energy minister regarding this issue

Written on March 20, 2025 at 11:21 pm, by

OPEC+ nations, including Russia and Iraq, plan to curb overproduction, with measures lasting until June 2026.

Bearing pressure weighs on NZDUSD as it falls below crucial levels, favouring seller dominance and outlook

Written on March 20, 2025 at 10:51 pm, by

NZDUSD faces bearish pressure, falling below key moving averages, with support at 0.56983 and resistance at 0.5817.

The reserves of Russia’s central bank increased from $639.1 billion to $641.9 billion

Written on March 20, 2025 at 10:23 pm, by

Russian central bank reserves increased to $641.9 billion, but market volatility and investment risks remain important considerations.

Bailey emphasised caution, highlighting the need for evidence of declining inflation and monitoring redundancies

Written on March 20, 2025 at 10:21 pm, by

The Bank of England Governor urges caution, awaiting clear inflation declines while monitoring redundancy indicators for changes.

Following the Fed’s decision, gold prices reached a record high before experiencing a slight decline

Written on March 20, 2025 at 9:53 pm, by

Gold hit $3,057 before retracting. Fed maintained rates. Geopolitical tensions and inflation concerns drive market volatility.

The EURUSD tests crucial support levels, with sellers gaining confidence as buyers face challenges

Written on March 20, 2025 at 9:51 pm, by

EURUSD nears key support; breaking 1.0804–1.0817 may boost sellers. Resistance at 1.0859, 1.0888, and 1.0902.

The Elliott Wave analysis for GE Vernova Inc. (GEV) indicates a continuation of the upward trend

Written on March 20, 2025 at 9:23 pm, by

GE Vernova enters wave (III) with bullish momentum, targeting $450-$500. Pullbacks offer buying opportunities.

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