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Japanese stocks on Wednesday hit their lowest close in more than two months, tracking Wall Street and Asian bourses, as investors awaited monetary policy meetings from the Federal Reserve and the Bank of Japan this week. The Nikkei index closed down 1.36 percent to record 27,313.13 points, the lowest closing …

Oil, Crude, trading

The Canadian dollar continues to achieve successive rises after establishing a solid support floor around the 1.3300 barrier, to enable the pair to confirm the breach of the mentioned level, which turned into a support level. Technically, with the continuation of the positive motive for the simple moving averages that …

Oil, Crude, trading

US crude oil prices failed to achieve the required bullish target during yesterday’s trading session, in which we relied on daily stability above 83.80, touching the stop losses order there, and to remind us that the return of trading stability below 83.80 will immediately stop the attempts to rise. We …

There, gold prices found a strong resistance level at 1680, as we mentioned during the last analysis, which forced gold to return to the downside path within the mentioned context, touching the first target of 1663, recording its lowest level at $1660 per ounce. On the technical side, the simple …

We adhered to intraday neutrality during the previous technical report due to a conflict between the technical signals, explaining that we are monitoring the price behavior of the pair. We indicated that the euro is facing a strong resistance level around 1.0050, and activating the bearish trend requires that we …

The American dollar advanced on Tuesday amid prevalent risk aversion. US government bond yields soared to support the dollar’s performance all day long, as the 2-year Treasury yield touched its highest in fifteen years ahead of the Fed’s policy decision.The yield on the 10-year Treasury note is now at 3.56% …

Fed Chair Jerome Powell has said that “pain” could be required to suppress high inflation, implying that the Fed is willing to accept a recession in order to cool inflation. This is why Wednesday’s interest rate hike is more like dancing on a tightrope with a potential risk of dragging …

On Tuesday, Democratic and Republican senators asked for imposing secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow’s invasion of Ukraine.The news adds momentum to the prevalent risk aversion and exerts downside pressure on the AUD/USD prices but fails …