The British pound continues its negative creep against the dollar within the expected bearish path, depending on the stability of trading below 1.2960, to gradually approach the target required to be achieved in the previous analysis at 1.2840, recording a low at 1.2860. Technically, the moving average is still pressing …
Read More »Oil Trying Towards Positivity
Oil, Crude, trading
Read More »Gold Looking For Signals
Gold prices opened the first session of the week with stability around the pivot level 1901. Technically, looking at the 4-hour chart, we see the SMA 50 attempts to pressure the price from the top, with the RSI tending to provide negative signals on short intervals, on the other side. …
Read More »Euro: Negative Pressure Persist
The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …
Read More »Wall Street Finishes Week With Marginal Gains
The New York Stock Exchange (NYSE) finished the week with marginal gains, supported by an improvement in investors’ sentiment after data showed an increase in retail sales in the United States. The Dow Jones Industrial Average added 112.11 points, or 0.39%, to close at 28,606.31, rising by about 0.1% for …
Read More »Oil Prices Limit Weekly Gains
Oil prices declined on Friday, amid concerns about the second wave of the COVID-19 pandemic and its impact on the global demand for energy. However, losses were marginal due to support from the commitment expressed by the OPEC+ alliance to output curbs. Brent crude futures for December delivery plunged by …
Read More »US Treasury Yields Rises
The United States Treasury yields increased on Friday after data showed an increase in retail sales, improving the outlook for economic recovery from the impacts of the COVID-19 pandemic. Return on the 10-year Treasury bonds increased by 0.7 basis point to 0.741%. The yield on 30-year bonds rose by 1.6 …
Read More »US Consumer Sentiment Rises in October
The University of Michigan Consumer Sentiment Index rose to 81.2 in October, up from 80.4 in September, data showed on Friday. The Expectations Index reached 78.8, up from 75.6 last month.
Read More »Gold Records Weekly Losses After Two Rises
Gold prices declined on Friday, extending their weekly losses, which are the first in three weeks. The yellow metal’s decline came mostly due to the rise in the US Dollar (USD). Gold futures for December delivery closed today lower by $2.50, or 0.1%, and settled at $1,906.40 per ounce. For …
Read More »US Factory Production Declines in September
Factory production in the United States declined in September, against market expectations. Manufacturing production decreased by 0.3% last month, according to data by the US Federal Reserve released on Friday. August’s reading was revised to indicate that factory production increased by 1.2% not just 1% as initially estimated.
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