Japan’s Nikkei hit a six-month high, and the broader Topix touched its highest level since 1990, continuing its rally since the end of August on hopes of a new government formation and a further improvement in profits. News that US President Joe Biden and his Chinese counterpart Xi Jinping held …
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The German DAX index achieved the official bearish target of 15,520 to record its lowest level at 15,447. On the technical side, the 50-day moving average still constitutes an obstacle to the index, in addition to stabilizing trading below the 15,650 resistance level. Therefore, we tend to be negative, but …
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Oil, Crude, trading
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Positive trading dominated the movements of GBP/JPY, to start with a bullish bias, attacking the resistance level of the psychological barrier 152.00. Technically, the pair built on the support level 151.60, accompanied by positive signs that started appearing on the RSI over the short time intervals. From here, the bullish …
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The Canadian dollar found a strong resistance level around 1.2720, which forced it to trade negatively again, settled below the 1.2660 level. Technically, the negative pressure from the 50-day moving average supports the possibility of a bearish bias, in addition to stabilizing intraday trading below the 1.2665 resistance level represented …
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Oil, Crude, trading
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Oil, Crude, trading
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Gold prices traded positively during the last session, canceling the negative outlook as we expected. We depended on trading stability below the 1799 resistance level to record the highest at 1801. Technically, and by looking at the 240-minutes chart, we find the simple moving averages continue to pressure the price …
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The euro saw positive trades during the previous trading session, but the positivity is still limited, and the current intraday movements are still below the resistance level of 1.1840. On the technical side today, and by looking at the 4-hour chart, we find the 50-day moving average that constitutes an …
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There were 419,000 initial claims for unemployment benefits in the US during the week ending September 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 345,000 (revised from 340,000) and well below market expectations of 335,000
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