Gold prices rose Thursday April 29th, as the dollar fell after the US Federal Reserve decided to keep interest rates low for the foreseeable future, despite adopting a brighter view of the economic recovery. And gold rose in immediate trading 0.2% to 1784.26 dollars an ounce. US gold futures rose …
Read More »Oil Prices Continue Gains, Supported by Positive Demand Outlook Overshadowing Concerns About India
Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …
Read More »The Turkish Lira Stabilizes Amid speculation That The Central Bank Will Raise Its Inflation Forecast
The Turkish lira stabilized ahead of the central bank’s report on quarterly inflation, which is expected to raise its expectations in the face of the falling currency and rising commodity prices. The lira was at 8.1950 against the dollar, which is below its close level on Wednesday at 8.2. The …
Read More »European Stocks Reach Their Peak With Support From Unilever And Nokia
On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy. The European Stoxx600 index rose 0.4%, just 3 points away from its peak. Consumer goods giant Unilever …
Read More »Bitcoin Making Notable Gains And Looking For More Momentum
Bitcoin prices were able to achieve noticeable gains during the previous trading session, touching the first target published during the previous analysis, located at 55,760 and approaching the second target 56,510, to settle for recording its highest level at 56,343. Technically speaking, the possibility of a continuation remains due to …
Read More »Dax Maintains Bullish Path
The German DAX index maintained positive stability, benefiting from the stability above the support level of 15,200. On the technical side today, we tend to be positive, with the success of the index building on the aforementioned floor, the 50-day moving average supports the continuation of the rise to visit …
Read More »Dow Jones Hovering Over Support
The Dow Jones Industrial Average declined in the New York Stock Exchange during the previous trading session, after hitting the resistance level of 33,870. Despite the bearish bias, the index managed to settle above the support level published during the previous report, located at 33,660, and we find that the …
Read More »GBP/JPY: Achieve Noticeable Gains
The pound continues to achieve gains against the Japanese yen, touching our target mentioned in the previous analysis at 151.60, recording a high of 151.55. Technically, we are continuing to suggest the bullish trend, relying on the positive motive of the 50-day moving average, in addition to trading stability above …
Read More »Canadian Dollar: Extends Its Losses
The Canadian dollar retreated significantly during the last session’s trading within the expected negative outlook, in which we relied on confirming a break of 1.2380, heading directly to touch our waited target at 1.2320, recording the lowest at 1.2310. Technically speaking, and with the Canadian dollar failing to maintain the …
Read More »The Cable is Based on The Psychological Barrier Support
Oil, Crude, trading
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