Oil prices fell on Monday, with Friday’s rise relatively subsiding as investors awaited the repercussions of the conflict between Israel and the Islamic Resistance Movement (Hamas) on other countries, which could push prices up and deal a new blow to the global economy. Brent crude futures fell 34 cents, or …
Read More »Nasdaq: the negative pressure continues 16/10/2023
Oil, Crude, trading
Read More »Dow Jones is facing strong resistance 16/10/2023
Oil, Crude, trading
Read More »CAD starts pressing support 16/10/2023
Mixed trading dominated the movements of the Canadian dollar during the previous trading session after it found a strong resistance level around the psychological barrier of 1.3700. Technically, we find the pair hovering around the previously breached resistance level converted into support at 1.3650, and we find the 50-day simple …
Read More »JPY attacks the psychological barrier 16/10/2023
japanese-yen
Read More »GBP facing negative pressure 16/10/2023
Oil, Crude, trading
Read More »Oil is rushing higher 16/10/2023
A substantial rise in the prices of US crude oil futures contracts, achieving strong gains after it succeeded in consolidating above the resistance level of 85.10, touching the required upward target at the price of 86.40, recording its highest level of $87.80 per barrel. Technically, by looking at the 240-minute …
Read More »Gold wins the race to heights 16/10/2023
Gold prices jumped upward to achieve significant gains at the end of last week’s trading within the positive outlook as we expected, exceeding all targets to reach the official target 1913, recording its highest level of $1932 per ounce. Technically, and with careful consideration, we find that gold prices were …
Read More »Euro fails to break through 16/10/2023
Negative trading dominated the movements of the EUR/USD pair after it collided with the psychological barrier resistance level at 1.0600, which forced the pair to retest 1.0500. On the technical side today, with a closer look at the 4-hour chart, we find the pair stable below the sub-resistance at 1.0550. …
Read More »Financial Markets’ Weekly Recap
Gold Gold prices surged last week, driven by safe-haven demand amid escalating geopolitical tensions. The rally began as Israel declared war and launched a military operation against the Palestinian militant group Hamas after an unprecedented attack on Israel. Gold, being a traditional safe-haven asset, gained 1.6% on Monday, marking its …
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