Japan’s Nikkei index surged to its highest level in 34 years on Friday, marking its most impressive week since March 2022. The rally was bolstered by diminishing expectations that the Bank of Japan would imminently shift away from its monetary easing policy and a resurgence of foreign investor interest. Closing …
Read More »Oil Prices Surge Over 2% as US and UK Launch Strikes Against Houthi Targets in Yemen
Oil prices experienced a significant spike of over two percent on Friday following joint strikes by the United States and Britain against Houthi military targets in Yemen. The military action was in response to attacks by the Iran-aligned Houthi group on ships in the Red Sea since late last year. …
Read More »Nasdaq records notable gains 12/1/2024
Oil, Crude, trading
Read More »Dow Jones Maintains Positive Momentum 12/1/2024
Oil, Crude, trading
Read More »CAD making notable gains 12/1/2024
The Canadian dollar experienced an upward trend, aligning with the anticipated positive outlook outlined in the latest technical report. The currency touched the target at 1.3430 and recorded its highest level at 1.3443. From a technical perspective today, there are early signs of negativity emerging on the Stochastic indicator. Furthermore, …
Read More »USD/JPY retesting support 12/1/2024
japanese-yen
Read More »GBP/USD Sees Positive Momentum 12/1/2024
Oil, Crude, trading
Read More »Oil Show Mixed Trading, Eyes on Key Technical Levels 12/1/2024
US crude oil futures exhibited mixed trading in the previous session, eventually returning to an upward trend after finding support around the pivotal level of 71.20. From a technical standpoint, there is a cautious positive outlook. The price is receiving positive signals from the simple moving averages, which have provided …
Read More »Gold: Technical Signals Indicate Conflicting Trends, Await Key Breakouts 12/1/2024
Gold experienced a downward trend in the previous trading session, testing the main support around 2016, before concluding the day’s trading above this support and embarking on an upward rebound, targeting a retest of 2035. Analyzing the 240-minute chart, conflicting technical signals emerge. The 50-day simple moving average poses a …
Read More »EUR/USD Pair Approaches Key Resistance 12/1/2024
The EUR/USD pair has initiated an assault on the primary resistance level at current trading levels around 1.0960, reaching its highest point close to the psychological barrier of 1.1000. Upon examining the 4-hour time frame chart from a technical analysis perspective, the simple moving averages provide a positive indication, supporting …
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