The dollar experienced a slight decline on Wednesday, despite remaining near its highest level in two weeks. This was supported by factors such as rising US Treasury yields and caution in risk appetite, impacting Wall Street. Trading activity was relatively thin in Asia due to the holiday in Japan. The …
Read More »Oil prices rise due to continued shipping tensions through the Red Sea
Oil prices experienced a slight increase in early Asian trading on Wednesday, driven by ongoing concerns about shipping disruptions in the Red Sea and escalating tensions in the Middle East. As of 0004 GMT, Brent crude rose by 26 cents, or 0.4 percent, reaching $76.11 per barrel, while US West …
Read More »Nasdaq records huge losses 3/1/2024
Oil, Crude, trading
Read More »Dow Jones attacks the resistance 3/1/2024
Oil, Crude, trading
Read More »CAD hits the desired target 3/1/2024
The Canadian dollar exhibited an upward trend, in line with expectations mentioned in the previous technical report, reaching the official target station at the price of 1.3320 and recording its highest level at 1.3340. From a technical analysis perspective today, upon closer examination of the 4-hour time frame chart, it …
Read More »USD/JPY is trying positively 3/1/2024
japanese-yen
Read More »GBP hits resistance 3/1/2024
Oil, Crude, trading
Read More »Oil suffers huge losses 3/1/2024
Oil prices did not align with the positive outlook as anticipated, which was based on the assumption of trading stability above the psychological barrier support level of 71.00 at the time of the report’s issuance. The report highlighted that a return to trading stability below 71.00 would cease attempts to …
Read More »Gold gets a negative signal 3/1/2024
Gold prices exhibited diverse movements, initially achieving the first upward target as indicated in the previous report, reaching the price of 2076 and marking a peak at 2078. However, subsequent negative pressure led to a decline, and the price recorded $2055 per ounce. From a technical analysis perspective today, a …
Read More »EUR touches the downside target 3/1/2024
The EUR/USD pair experienced a significant decline in the previous trading session, aligning with the bearish expectations outlined in the earlier technical report. It touched the second target at 1.0960, marking a low of 1.0938. From a technical standpoint today, a closer examination of the 240-minute time frame chart reveals …
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