The euro fell on Friday after officials from the European Central Bank made mixed statements, while the dollar was supported by expectations of a 50 basis point interest rate hike from the Federal Reserve. European Central Bank President Christine Lagarde gave some indication of easing by saying that the bank …
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Japanese shares closed lower on Friday for the first time in four sessions, tracking Wall Street, which fell overnight after the Fed’s interest rate views, while Toshiba shares rose sharply after opening the door to acquisitions. The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the …
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Oil prices fell on Friday, heading towards a weekly decline of about four percent, affected by expectations of higher interest rates, weak global growth and restrictions to combat Covid-19 in China, which negatively affected demand, although the European Union is considering banning Russian oil imports. By 0130 GMT, Brent crude …
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Oil, Crude, trading
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Oil, Crude, trading
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The pivotal support levels at 1.2460 managed to limit the bearish bias, which forced the pair to rebound bullishly again, heading to touch the required retest target at 1.2660, bypassing the target to record the highest 1.2590. Technically and carefully considering the 4-hour chart, the positive signs on the stochastic …
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Oil, Crude, trading
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Limited positive attempts were witnessed by gold’s movements yesterday, unable to breach the pivotal resistance level at 1959, which forced the price to touch the 1936 level. Technically, gold prices got additional support due to the intraday stability above the 1940 support floor. However, with a careful look 240-min chart, …
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The single European currency managed to target retesting at 1.0920, recording a high of 1.0936, to return to trading with noticeable negativity due to hitting the resistance level. On the technical side, the euro’s moves returned to stability below the resistance level of 1.0880, most importantly below the psychological resistance …
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Risk-off trading conditions, triggered by soaring US yields amid hawkish Fed language, led US equities to retreat on Thursday and the safe-haven US dollar has the chance to outperform, against its more risk-sensitive G10 peers mainly the other non-US dollars. The Dollar Index reversed an earlier dip below the 100.00 …
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