Japanese stocks fell in tandem with their Asian counterparts on Thursday as investors analyzed the Federal Reserve meeting minutes, awaiting an upcoming seminar to assess whether the US central bank will ease its tight monetary policy. The Japanese Nikkei index fell 0.91 percent at the open and hovered at this …
Read More »Dow Jones could see a downward slope 18/8/2022
Oil, Crude, trading
Read More »GBP/JPY: tends to fall 18/8/2022
The British pound achieved the first bullish target required to be touched during the previous analysis at 163.45, recording its highest level at 163.57. Technically, the current moves are witnessing intraday stability below the psychological barrier of 163.00, as we find the negative signs started to appear on the stochastic …
Read More »CAD repeats the chances of rising 18/8/2022
We adhered to intraday neutrality during the previous report due to conflicting technical signals, clarifying that we are monitoring the pair’s price behavior from below around 1.2870 and from above around 1.2920. Technically, we find the pair was able to stabilize above the 1.2870 resistance level and is now hovering …
Read More »GBP: negative side needs confirmations 18/8/2022
Oil, Crude, trading
Read More »Oil: finds support 18/8/2022
Negative trading dominated the US crude oil futures prices within the expected bearish context, during which we targeted 85.00, to be satisfied by recording the lowest level at 85.40. Technically, the current oil movements show a bullish tendency after finding a good support floor near 86.00 accompanied by positive signs …
Read More »Gold breaks support and starts the bearish bias 18/8/2022
We adhered to neutrality during the previous report due to the conflict of technical signals, explaining that activating the short positions requires breaking 1771, which puts the price of gold under negative pressure, its initial target 1756, to lead the price within the expected path, approaching by a few points, …
Read More »Euro stable below resistance 18/8/2022
Quiet trading dominated the movements of the Euro against the US dollar within the idea of retesting the resistance, as we expected yesterday, touching the target of the first retest 1.0200, recording the highest level at 1.0203. Technically, and by looking at the chart, we find the intraday movements of …
Read More »Market Drivers – US Session – Wednesday August 17
The US dollar finished Wednesday higher against most major rival currencies on Wednesday, despite suffering a near-term retreat following the release of the FOMC Minutes. The US dollar posted modest advances against safe-haven currencies, with USD/CHF trading around 0.9510 and USD/JPY at 135.00.Gold trades at $1,762.70 per ounce at the …
Read More »Prominent UK Politician Blames Putin For British Energy Crisis
UK prominent political figure Liz Truss, who aspires to succeed Boris Johnson in office as coming Prime Minister, criticized the green energy levy on all bills. Truss believes that by removing that levy, Britain would save people money on their bills. On the other hand, Truss has said “But what …
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