In an interview conducted by Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analyzed the performance of key assets in the financial markets. What is Driving Oil Prices Amid Geopolitical Tensions? Oil prices …
Read More »Dow Jones hits record highs 15/10/2024
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Read More »USD/JPY may repeat bullish opportunities 15/10/2024
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Read More »GBP: Negative pressure remains 15/10/2024
Oil, Crude, trading
Read More »Oil: double top pressure the price 15/10/2024
U.S. crude oil futures experienced significant losses at the start of the current week, surpassing the previous target of 71.90 and reaching a low of $70.78 per barrel. A bearish technical pattern, specifically a double top, is evident on the 240-minute chart. This, combined with persistent downward pressure from the …
Read More »Gold remains above support 15/10/2024
Gold prices declined during the morning session, failing to break through the resistance level of 2666 and approaching a retest of 2635. The lowest price recorded so far is $2638 per ounce. Today, we lean toward a positive outlook, primarily relying on the price stability above the key support level …
Read More »Euro confirms the break 15/10/2024
The EUR/USD pair began the week with a notable decline, aligning with the anticipated downward trajectory from the previous technical report. The pair hit the target of 1.0880, with its lowest level recorded at 1.0882 during morning trading. From a technical standpoint, on the 4-hour chart, the simple moving averages …
Read More »Asian Stocks Rise on Wall Street Gains, Chinese Stocks Lag Amid Weak Data
Most Asian stocks climbed on Tuesday, tracking Wall Street’s record highs as the third-quarter earnings season approached. However, Chinese markets lagged due to disappointing economic data and fading optimism over fiscal stimulus measures from Beijing. Regional markets benefited from Wall Street’s strong performance, with the S&P 500 and Dow Jones …
Read More »Market Drivers; US Session
Dollar Index (DXY) Soars, Dragging Down Major Pairs The US Dollar Index (DXY) continued its upward trajectory, breaching the 103.00 mark, driven by risk-off sentiment in the global market. Key economic indicators and speeches from Federal Reserve officials are scheduled for the day. The Euro (EUR/USD) weakened further, falling below …
Read More »Dow Jones hits fresh all-time high on earnings
The Dow Jones Industrial Average (DJIA) surged to a new all-time high on Monday, surpassing 43,000 and extending its winning streak to five consecutive weeks. Investors are eagerly anticipating the upcoming earnings season and a busy week of economic data, including key US Retail Sales figures.JPMorgan Chase and Wells Fargo …
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