Monthly Archives: May 2025
Chart the Market (29/05/2025)

Written on May 29, 2025 at 6:50 am, by pumarketings
Crude Oil, H4: Crude oil prices are trading higher following a successful breakout above both an asymmetric triangle pattern and the key resistance level at $62.20. The MACD indicates strengthening bullish momentum, while the RSI stands at 67, suggesting there is still room for further upside before entering overbought territory. If bullish momentum continues toContinue Reading
EUR/USD Edges Lower Amid Stronger Dollar, but ECB Outlook Offers Support

Written on May 29, 2025 at 6:48 am, by pumarketings
Key Takeaways: *Dollar strength following U.S. trade court ruling weighs on EUR/USD. *ECB’s inflation outlook supports potential for hawkish policy shift, limiting downside. EUR/USD traded slightly lower as the U.S. Dollar extended gains following a U.S. trade court ruling that invalidated President Donald Trump’s use of emergency powers to implement global tariffs. The decision wasContinue Reading
Oil Rises on OPEC+ Output Hold and Venezuela Export Restrictions

Written on May 29, 2025 at 6:43 am, by pumarketings
Key Takeaways: *Oil prices climbed after OPEC+ kept its output policy unchanged and Chevron halted Venezuelan crude exports. *OPEC+ surprised markets by not increasing production; instead, it focused on setting 2027 output baselines. *Chevron ended contracts in Venezuela, tightening expected supply. Oil prices rose on Wednesday amid fresh supply concerns after OPEC+ opted to maintainContinue Reading