Rafi1121

OIL is edging higher for a third consecutive session, reaching 94.50, after Houthis attacked Riyadh’s international airport, escalating turmoil in the Middle East. US President Trump suggested that the US could join Saudi strikes against Yemen. Hence, OIL may soon test the 20-day SMA at 95.70.
GOLD is declining toward 4,160 today, pressured by a firmer USD and intensifying inflation pressures due to renewed attacks in the Middle East. Interestingly, GOLD continues to consolidate in the 4,100-4,200 range for a tenth straight session. Meanwhile, investors are assessing optimism for an energy truce between Russia and Ukraine against renewed attacks in the Middle East.
USDJPY is jumping for a second straight session, exceeding the 200-day SMA at 158.60 in a holiday-thinned trading in Japan. Meanwhile, EURUSD is declining for a second straight day, slipping below 1.1180 on the back of anxiety over France’s fiscal situation.
US stock futures are little changed, as investors are assessing whether rising oil prices and escalating geopolitical developments could potentially affect the Fed interest-rate outlook. Specifically, the US500 index is steadying near 7,820, slightly below its all-time high of 7,845 that was reached on October 7.
BTCUSD is edging lower today, after three consecutive green sessions, approaching 83,250, as escalating tensions in the Middle East are denting investor appetite for cryptos.
$BTC $USDC $GOLD.US
#BitcoinOptionsVolatilityHitsFiveYearLow
#TrendingTopic
#Trump2024