Japan’s Nikkei index fell by more than two percent on Monday, affected by a decline in stocks related to the chip manufacturing sector and in light of a decline in risk appetite due to escalating tension in the Middle East. The Nikkei index fell 2.03 percent, closing at 31,659.03 points. …
Read More »Gold retreats from the highest level in a month as investors’ fears of war escalate
Gold prices fell on Monday after reaching the highest level in nearly a month, with escalating fears of the conflict between Israel and the Islamic Resistance Movement (Hamas), which pushed the precious metal to rise by more than three percent in the previous session. By 0102 GMT, gold in spot …
Read More »Oil declines as investors assess the repercussions of unrest in the Middle East
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 …
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