Japanese stocks ended flat on Thursday after a disappointing investor day for Tesla Inc and fears of a tighter US central bank monetary policy outweighed the yen’s decline. The Nikkei index gave up gains made earlier in the session to end the transactions at 27,498.87 points, although it has been …
Read More »Gold is falling as investors are increasingly concerned about rising interest rates
Gold prices fell on Thursday as the dollar rose as a fresh batch of global economic data reinforced investor concerns about interest rates remaining higher for longer than expected. By 0315 GMT, spot gold fell 0.2 percent to $1,833.57 an ounce, after reaching a one-week high on Wednesday. US gold …
Read More »Dow Jones may continue to decline 3/2/2023
Oil, Crude, trading
Read More »CAD sticks to the positivity 2/3/2023
The Canadian dollar’s movements tended to be positive during the previous trading session, recording a high of 1.3660 after achieving a significant build-up above the support level of 1.3575. Technically, expectations indicate the possibility of achieving more gains based on the positive motif from the 50-day simple moving average, which …
Read More »GBP is losing momentum 2/3/2023
Oil, Crude, trading
Read More »Oil achieves additional heights 2/3/2023
Positive movements dominated the prices of US crude oil futures contracts, recording additional gains that extended to the level of $77.80 per barrel. Technically, oil prices surpassed the resistance level of 76.60, which has now turned into a support level, which supports the possibility of an increase, in addition to …
Read More »Gold makes an initial breakout of resistance 2/3/2023
Gold’s positive attempts achieved remarkable gains yesterday, recording its highest level of $1844 per ounce. Technically, we notice an initial breach above the resistance level of 1828. Furthermore, we note that gold prices continue to receive a positive incentive from the simple moving averages, which support the possibility of an …
Read More »Euro is looking for a negative catalyst 2/3/2023
Positive trades dominated the movements of the EURUSD during the previous trading session, building on the support of the psychological barrier 1.0600, recording its highest level at 1.0691. On the technical side today, and by looking closely at the 240-minute chart, we find that the euro is trying to consolidate …
Read More »Market Drivers – US Session 01/03/2023
The US Dollar retreated on Wednesday, though US yields jumped. Most European stock markets posted losses, and on Wall Street, US equities exhibited mixed performance.The AUD/USD pair recovered from monthly lows by holding around the 0.6700 support. NZD/USD reached its highest level in two weeks on Wednesday, reaching 0.6275, making …
Read More »ECB’s pivot fades post German data
Since the risk-off sentiment has subsided, the EUR/USD pair is attempting to retake the 1.0700 barrier. Resurgence of German inflation has strengthened the case for continuing the 50 bps rate hike, so the Fed doesn’t need to be in a rush to end the period of tightening policy.After failing to …
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