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Monthly Archives: March 2025
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 davin
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 davin
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 davin
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 davin
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 davin
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 davin
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 davin
GE Vernova enters wave (III) with bullish momentum, targeting $450-$500. Pullbacks offer buying opportunities.
The technology sector thrives as Meta excels, whereas Broadcom faces a decline in performance
Written on March 20, 2025 at 9:21 pm, by davin
Technology and consumer cyclical sectors drive gains; Nvidia and Meta rise, while Broadcom declines, reflecting market fluctuations.
Last week, the US Department of Labor reported a rise to 223K in jobless claims
Written on March 20, 2025 at 8:53 pm, by davin
US unemployment claims rose to 223,000, with continuing claims increasing, while the US Dollar Index strengthened.
The central bank raised the overnight rate to 46% amid lira instability and introduced liquidity measures
Written on March 20, 2025 at 8:51 pm, by davin
The lira’s turmoil led to a rate hike; FX liquidity measures introduced; USD/TRY hovers near 37.80.
