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Oil Slumps as Saudi Output Plans and Price Cuts Undermine Market Sentiment

Key Takeaways: *Saudi Arabia signals another major production increase, adding to supply concerns *Aramco cuts official selling prices for Asia, reinforcing bearish outlook *Market sentiment weighs on oil as OPEC+ sticks to aggressive output hikes Market Summary: Oil prices retreated sharply on Thursday after Saudi Arabia signaled plans for another significant production increase, heightening expectationsContinue Reading
Written on June 5, 2025 at 3:43 am
Categories: Daily Market Analysis
Tags: oil output, oil prices, Saudi
Gold Rebounds as Weak U.S. Economic Data Fuels Rate Cut Bets

Key Takeaways: *ADP Nonfarm Employment misses sharply, adding to signs of labor market softening *ISM Services PMI slips below 50, pointing to contraction in the services sector *Treasury yields and the U.S. Dollar fall on rising Fed rate cut expectations *Gold gains on safe-haven demand amid growth fears and debt ceiling concerns Market Summary: GoldContinue Reading
Chart the Market (04/06/2025)

ETH, H4: Ethereum’s recent price action has painted a complex technical picture, initially sparking concerns of a false breakout when it retreated below its higher-high support level after briefly touching a three-month peak at 2,787.50. This pullback saw ETH consolidate around the 2,500 level, where it established a new base before mounting a fresh upwardContinue Reading
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