The German DAX index provided positive trades at the end of last week’s trading, benefiting from a base at the 15,645 support level. On the technical side today, we tend to the positive side, relying on the stability of the intraday trading above 15,740, accompanied by the attempts of the …
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Oil, Crude, trading
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Negative trading dominated the movements of the pound sterling against the Japanese yen at the end of last week’s trading, touching the first target at 149.10, recording the lowest of 149.16. On the technical side, there are positive crossover signs that started appearing on stochastic, in addition to stabilizing intraday …
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The Canadian dollar jumped, maintaining the series of gains that it achieved recently, as we expected, touching our official target for the previous report at 1.2930, to record the highest level at 1.2950. Technically, the pair found a strong resistance level around 1.2950, which forced it to retreat to retest …
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Oil, Crude, trading
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Oil, Crude, trading
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We remained neutral during the report published last Friday due to the conflicting technical signals. Prices are still fluctuating within a sideways slope confined from below above the strong support level 1774 and on the downside at 1790. Technically, with careful consideration on the chart, we notice the negative pressure …
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The single European currency benefited from the support level published in the previous analysis at 1.1665, explaining that breaking this level is a condition to continue resuming the rise and forced the pair to rebound the limited upside to retest 1.1700. On the technical side today, despite the current bullish …
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The third week of August was highlighted by the release of the United States Federal Reserve’s July meeting minutes, which revealed that most of the FOMC members see the beginning of tapering asset purchases later this year. With the Fed moving towards policy normalization, the U.S. Dollar (USD) managed to …
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Dallas Fed President Robert Kaplan said on Friday that he could change his mind on scaling back the asset purchases soon due to the spread of the Coronavirus Delta variant, which might slow the economic rebound. So far, it is not having a material effect but it could be having …
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