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Japan’s Nikkei index ended Thursday’s trading at its highest level in more than two months, tracking Wall Street, which posted overnight gains on hopes that the Federal Reserve will slow the pace of interest rate hikes. The Nikkei index closed up 0.95 percent at 28,383.09 points, the highest level since …

Oil, Crude, trading

We adhered to the intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating selling positions requires confirming the pair’s breach of the 1.3350 support level. From a technical analysis point of view, and by looking closely at the 4-hour chart, we find clear negative …

Oil, Crude, trading

US crude oil futures prices continued to achieve losses within the expected downside path in the previous analysis, touching the expected target at 78.60, recording its lowest level at 76.85. Technically, by looking at the 240-minute chart, the simple moving averages still put negative pressure on the price from above, …

Gold prices succeeded in touching the official target of the corrective bearish wave mentioned in the technical reports for the current week, as we expected to touch the target at 1720, recording its lowest level at 1720, to return within an upward rebound, and it is now trading around $1756 …

A positive trading session that witnessed the movements of the Euro-dollar pair within the expected bullish path during the last analysis, explaining that the breach to the upside and the consolidation above the resistance level of 1.0350 is a motivating factor that enhances the chances of touching our required target …

Gold prices extended gains on Wednesday as the FOMC minutes for November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.6% to $1,750.38 per ounce, while US gold futures settled 0.6% higher at $1,750.90.Gold traded higher in a relief rally after …

The US dollar fell further as an immediate reaction to the FOMC minutes. On the other hand, all US indexes picked up an upward pace. Chances of a 50 bps hike rose to 79% following the release time. The dollar retreated on Wednesday under selling pressure and finished the day …

U.S. stocks rose Wednesday as meeting minutes from the Federal Reserve showed that the Fed is looking to hand out smaller rate hikes in the coming months as inflation eases.The Dow Jones Industrial Average rose 95 points, or 0.28%. The S&P 500 gained 0.51% and the Nasdaq Composite increased 0.95%.Minutes …