Welcome to Daily Market Outlook, your source for insights on Forex, Precious Metals, and Crude Oil. Stay ahead of the game with in-depth analysis and daily forecasts.
On Tuesday, the dollar index weakened, pushing the Euro to 1.1180 against the US dollar, while the Yen strengthened to near 144 against the dollar. Gold prices rose, closing at 2524, fueled by a weaker dollar and global tensions. Crude oil prices declined due to concerns over slowing economic growth in the U.S. and China, facing technical resistance at 78.50 and support around 71. Watch the Eurozone's M3 money supply for potential impacts on the Euro, and focus on EIA crude oil inventory data for insights into oil price movements.
Chapters:
0:00 FOREX
0:19 Precious Metals
0:33 Crude Oil
0:49 Today's Focus
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