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Oil, Crude, trading
Read More »Nasdaq needs a positive catalyst 31/8/2023
Dow Jones makes notable gains 31/8/2023
Oil, Crude, trading
Read More »CAD continues the downward corrective path 31/8/2023
Negative trading dominated the movements of the Canadian dollar within the retest technique, as we explained during the previous technical report, touching the first target required to be retested at the price of 1.3530, recording its lowest level at 1.3513. The technical outlook remains unchanged, and the pair’s movements have …
Read More »USD/JPY: Negativity remains 31/8/2023
japanese-yen
Read More »GBP attacks USD 31/8/2023
Oil, Crude, trading
Read More »Oil needs more momentum 31/8/2023
Quiet movements tending to the upside dominated the movements of US crude oil futures contracts within the desired upward path, approaching by a few points from the first official target of 82.30, only to record the highest, around $82.00 per barrel. Technically, with a closer look at the 4-hour chart, …
Read More »Gold catches the eye at the expense of the dollar 31/8/2023
Gold prices achieved the official target required during the previous technical report at 1945, recording its highest level of $1949 per ounce. Technically, we find that gold prices succeeded in basing themselves on the previously breached resistance level and converted into a support level at the price of 1936, accompanied …
Read More »Euro continues to recover against the dollar 31/8/2023
Yesterday, the euro presented a positive trading session against the US dollar within the expected positive outlook, in which we relied on confirmation of the pair’s breach of the 1.0880 resistance level, explaining that this is a motivating factor that enhances the chances of touching 1.0915, a first target, and …
Read More »Market Drivers – US Session, August 30
Gold rose for the third consecutive day, encountering resistance below $1,950. Lower yields and a weaker Dollar provided support for the precious metal. Silver reversed after reaching $25.00 and closed marginally lower at $24.60.The US Dollar Index fell for the third consecutive day, reaching the lowest close in two weeks, …
Read More »Gold gains amid weaker US data
With a three-day winning streak near $1,942 and almost 1.50% daily gains. The US reported weaker labour market figures, with ADP Employment Change increasing by 177,000 employed people, lower than expected.Jerome Powell emphasized restrictive monetary policy until cooling trends show a cooling trend. The US bond yields decreased to 4.88%, …
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