The Nikkei 225 rose 1.46% to close at 28,551. The broader TOPIX index rose 0.67% on Thursday, as Japanese technology heavyweights carried the index higher and following dovish comments from a BoJ board member. Australian Bureau of Statistics data revealed that the labor market recorded a mixed performance during September, …

Positive trades dominated the movements of the German DAX index to record its highest level during the previous trading session at 15,285. On the technical side today, we notice that intraday trading tends to be positive due to the index’s bullish momentum from the RSI and the stability of the …

Oil, Crude, trading

The British pound managed to touch the first bullish target published during the previous analysis at the price of 155.00, approaching the next stop by a few points difference at 155.45, recording a high of 155.30. On the technical side, we tend to the positivity in our trading, relying on …

Negative trading dominated the movements of the Canadian dollar for several sessions in a row after it failed to settle above the 1.2500 resistance level, which forced the pair to settle below 1.2460. Technically, with the pair’s failure to maintain trading above 1.2460 and the negative pressure of the 50-day …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal achieved noticeable gains yesterday, nullifying the negative outlook as we expected. We relied on the trading stability below the 1770/1768 resistance level, touching the stop-loss order at 1770. We mentioned that any attempts to breach 1770 would cancel the bearish scenario immediately and lead Gold to achieve …

The euro’s movements against the US dollar witnessed an upward bias during the last trading session. The pair succeeded in retesting the resistance level of the psychological barrier 1.1600, canceling the expected negative outlook. Technically, and by looking at the 240-minute chart, we notice that the 50-day moving average has …

During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …