The dollar stabilized slightly on Wednesday, but remained not far from the lowest level in two and a half months against a basket of currencies after the statement of the latest Federal Reserve meeting did not indicate anything significant to rule out expectations that the interest rate hike cycle was …
Read More »Nasdaq settled above support 22/11/2023
Oil, Crude, trading
Read More »Dow Jones gets extra momentum 22/11/2023
Oil, Crude, trading
Read More »CAD maintains the same technical conditions 22/11/2023
The technical situation for the pair remains unchanged, with no significant shifts over the past three sessions. The pair continues to exhibit negative stability after encountering a robust resistance level around 1.3770. From a technical standpoint today, examining the 4-hour time frame chart reveals the formation of a resistance level …
Read More »USD/JPY is stable below resistance 22/11/2023
japanese-yen
Read More »GBP maintains the upward path 22/11/2023
Oil, Crude, trading
Read More »Oil tends to temporary negativity 22/11/2023
US crude oil futures prices experienced narrow-range side trading without significant changes, with movements confined between 77.00 at the bottom and 77.90 at the top. From a technical perspective, there is a leaning towards negativity, albeit with caution. This inclination is based on the evident negative crossover signals observed on …
Read More »Gold attacks the $2000 barrier, what’s next? 22/11/2023
Gold prices demonstrated significant gains during the recent trading session, initiating an advance towards the $2,000 per ounce level, confirming the positive outlook as anticipated in the previous technical report. The precious metal touched the initial target of $2004, reaching its peak at $2007. From a technical standpoint today, the …
Read More »Euro testing resistance 22/11/2023
The EUR/USD pair managed to secure some gains during the preceding trading session, reaching the initial target of 1.0970, representing the 61.80% Fibonacci correction and achieving its highest level at 1.0963. From a technical standpoint today, examining the 4-hour time frame chart reveals that the 1.0960 level, corresponding to the …
Read More »Market Drivers – US Session, Nov. 21
Gold rose sharply despite steady yields and peaked at $2,007. It then pulled back toward the $2,000 area. The critical level to break is $2,010. The US dollar’s increase on Tuesday was seen as a corrective measure because the currency remains vulnerable until the market refocuses on the story of …
Read More »