Japan’s Nikkei index ended Wednesday’s trading in the Tokyo Stock Exchange little changed amid weak trading ahead of the Federal Reserve’s decision on interest, which would also give clues to the bank’s future policy path. Still, investors were keen to buy Sony Group shares in light of strong expectations. Nikkei …
Read More »Dow Jones may witness a downward slope 2/11/2022
Oil, Crude, trading
Read More »CAD fails to break through the resistance 2/11/2022
The Canadian dollar provided positive movements during the last session to retest the pivotal resistance level at 1.3680, limiting the rise. Technically, and by looking at the chart, we find features of a bearish technical formation that started to form that may pressure the price to achieve more decline, in …
Read More »GBP starts bearish 2/11/2022
Oil, Crude, trading
Read More »Oil may extend its gains 2/11/2022
As we expected during the previous analysis, an upward trend dominated US crude oil’s performance yesterday, touching the first required target at 89.50, recording its highest level at 89.74. Technically, we tend to trade positively but cautiously, relying on the positive motive from the simple moving average and the positive …
Read More »Gold is in a sideways range, all eyes on Fed 2/11/2022
Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …
Read More »Euro is stable below the parity point 2/11/2022
The single European currency found a good demand area around the posted level during the last analysis at 0.9850 within the bullish rebound attempts that are still limited. Technically, and carefully considering the 4-hour chart, we find the euro is still stable below the parity point against the US dollar, …
Read More »Market Drivers – US Session 1/11/2022
US Treasury yields helped high-yielding assets to advance early on Tuesday, with the American dollar edging lower throughout the first half of the day. The yield on the 10-year Treasury note pulled down to 3.92%, and the USD tends to slide when it breaks below the 4% threshold ahead Yields …
Read More »BoJ Minutes: Japan’s economy is picking up
The Bank of Japan’s minutes for the September meeting minutes are released early Wednesday denoting that few members said need to be watchful to the impact of monetary tightening by some central banks could have on global markets. Members agreed Japan’s economy is picking up. Several members said weak yen …
Read More »BoC’s expects policy rate will need additional hikes
“We expect our policy rate will need to rise further”, said Bank of Canada (BoC) Governor Tiff Macklem. Macklem also noted that how much further rates go up will depend on how monetary policy is working, how supply challenges are resolving and how inflation is responding to this tightening cycle.“We …
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