The Japanese Nikkei index weakened on Wednesday, June 23rd, as gains in chip-related heavyweights, which tracked Wall Street yesterday, offset losses in the pharmaceutical industry. Nikkei rose 0.03% to close at 28,874.89 points, after witnessing the largest increase since 2021 on Tuesday, while the broader Topix index fell 0.53% to …

The German DAX index found a strong resistance level around 15,640, which we mentioned during the previous analysis as a basic and important condition for the continuation of the rise. On the technical side today, and carefully looking at the 60-minute chart, we find that the index is stable above …

The positive trading continues to dominate the movements of the Dow Jones Industrial Average on Wall Street, within the expected positive outlook, recording its highest level at 33,945. On the technical side, we tend to the positive side, relying on the continuation of the RSI’s bullish momentum, in addition to …

Positive movements dominated the movements of the pound against the Japanese yen within the expected bullish context, touching the second official target to be achieved at 154.40, to record its highest level at 154.47. On the technical side today, the bullish bias is still valid, with the stability of trading …

Negative trading re-dominated the movements of the Canadian dollar during the previous trading session, negates the positive outlook, as we expected, in which we relied on trading stability above 1.2330, to record its lowest level at 1.2301. Technically, and with a closer look at the 4-hour chart, we find that …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and there was no significant change in gold’s movements, maintaining the same technical conditions for the previous session. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …

Trades tended to the positive within the context of the retest that is required to be achieved on short intervals at 1.1975 so that the euro was satisfied with recording its highest level at 1.1952. Technically, and by looking at the chart, the 50-day moving average is still pressuring the …

The Eurozone manufacturing sector activity boosted its pace of expansion in the reported month, the latest manufacturing activity survey from IHS/Markit research showed on Wednesday. The manufacturing purchasing managers index remained steady at 63.1 in June and beat 62.1 expectations. Services PMI jumped to 41-month highs of 58.0 in June …