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The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the …

The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

Negative trading dominated the German DAX index, maintaining the negative path, recording a low at 15,977. Technically, we tend to be negative, relying on the clear negative signs on stochastic and losing the bullish momentum and the stability of the intraday trading below the resistance level 16,085. Therefore, completing the …

GBP/JPY did not show any change for the second session in a row within a bearish sideways range, between support level of 152.60 and resistance level of 153.60. Technically, we tend to negativity, relying on the continuation of the negative pressure coming from the 50-day moving average, and the clear …

The Canadian dollar was able to maintain the expected bullish corrective path, which we relied on in the stability of trading in general above the 1.2370 support, in addition to breaching 1.2480, explaining that this helps the pair maintain positive stability, targeting 1.2530 to record the highest at 1.2515 during …

Oil, Crude, trading

Oil, Crude, trading

Mixed trading dominated gold prices within a mixed context. We have indicated during all reports of this week that the levels of risks may be high. Explaining that any trading above the critical resistance 1830 and most notably 1835 can consolidate gold gains for the extended target 1860, to record …

The movements of the European single currency witnessed a noticeable decline against the US dollar within the expected negative outlook in the previous report. Therefore, we relied on trading stability below the resistance level of 1.1610, heading towards the official target station 1.1500, recording the lowest price of 1.1465. Technically, …

Market Drivers – U. S. Session – 10/11/2021 Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia. “People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m …