WTI Crude Oil steadies above $64 as traders brace for OPEC+ decision

WTI Crude trades in a tight range near $64.50, consolidating after a sharp drop triggered by the Iran–Israel ceasefire. Geopolitical risk premiums unwind, with traders cautious ahead of the July 6 OPEC+ meeting. The EIA report is due later on Wednesday, last week’s 3.5 million barrel draw was smaller than expected. West Texas Intermediate (WTI) Crude Oil continues to…

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Chart Art: Is Gold (XAU/USD) Ready For Another Breakout?

Gold has been forming lower highs and higher lows, consolidating inside a fresh triangle pattern and bouncing off support. Can it go for a breakout soon? Check out these nearby support and resistance levels on the 4-hour time frame. Gold (XAU/USD) 4-hour Forex Chart by TradingView Shifting market sentiment and dollar trends have been pulling this precious metal in…

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Japan final Services PMI for June 2025 51.7 (prior 51.0)

Japan Jibun bank PMIs for June 2025, final. Services 51.7, a third consecutive month of growth preliminary 51.5, prior 51.0 More: business confidence improving to a four-month high new order growth accelerated slightly from May increase in new export business, generally attributed to tourist activities, decelerated to the slowest since December employment grew at the fastest pace since January…

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GBP/JPY drops to two-week low below 196.00 on UK political jitters

GBP/JPY stays under strong selling pressure and trades below 196.00 on Wednesday. UK gilt selloff weighs on Pound Sterling. UK Prime Minister Keir Starmer refused to confirm that finance minister Rachel Reeves will remain in her position. Pound Sterling stays under heavy selling pressure on Wednesday as markets assess the latest political developments in the UK. At the time…

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Chart Art: GBP/JPY Triangle Breakout And Retest

Missed the ascending triangle breakout on Guppy? The pair appears to be in correction mode as it pulled back to the former resistance zone to gather more bullish energy. Take a look at these inflection points on the 4-hour time frame: GBP/JPY 4-hour Forex Chart by TradingView After being stuck in a long-term holding pattern for more than a…

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June non-farm payrolls preview by the numbers: ADP sends a chill through the market

Release time: Thursday, July 3 at 8:30 am ET Consensus estimate +110K Estimate range +50K to +160K May was +139K Private consensus +105K versus +140K prior Unemployment rate consensus estimate 4.3% Prior unrounded unemployment rate 4.244% Prior participation rate 62.4% Prior underemployment U6 7.8% Avg hourly earnings y/y exp +3.9% versus +3.9% prior Avg hourly earnings m/m exp +0.3%…

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