The Dow Jones index continues to maintain its bullish path, recording its highest level during the previous trading session 33,501. Technically, the intraday trading is stable above the support level 33,270 and in general above the pivotal support floor 33,180, factors supporting the upside, as we find the stochastic indicator …
Read More »GBP/JPY Awaits Temporary Decline
Positive trading dominated the moves of the pound against the Japanese yen, to succeed in reaching its highest level at 153.40 during the early trading of the current session. On the technical side, we tend to be positive, but cautiously depending on the intraday trading stability above 152.60 in addition …
Read More »Canadian Dollar Retest Resistance
Narrow sideways trading, but tilted to the negativity, dominated the Canadian dollar’s moves against its US counterpart, to re-test the pivotal support level at 1.3500. Technically, and with a closer look at the 60-minute chart, we find the pair trying to consolidate above the aforementioned support floor and the RSI …
Read More »The Pound Facing Strong Resistance
Oil, Crude, trading
Read More »Oil Trying to Keep an Upward Path
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Read More »Gold Rises On US Dollar Shoulders
The yellow metal prices took advantage of the decline of the US dollar to settle above the psychological barrier of 1700, as part of positive attempts to target a re-test of 1735. On the technical side today, the stability of trading above the sub-support level 1721/1720 increases the possibility of …
Read More »Euro Looking For Confirmations
Quiet, positive transactions dominated the moves of the euro against the US dollar, as part of the pair’s attempts to stabilize the pair above the 1.1780 resistance level. Technically, and with a closer look at the chart, the 60-minute chart, we find the euro is stable above the aforementioned level, …
Read More »Dubai TV Interview, April 5, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. US The US jobs report (NFP) came as a surprise, contrary to expectations, as the US economy added 916 thousand jobs compared to expectations of 652K, with …
Read More »Italy Records More Than 18 Thousand New Cases of Corona
The Italian Ministry of Health said that it recorded 326 deaths from the Coronavirus today, Sunday, compared to 376 yesterday, while the daily number of new infections decreased to 18 thousand and 25 from 21 thousand and 261. Italy has recorded 111 thousand and 30 deaths from the virus since …
Read More »Oil Dropping Below $64 Under Pressure From Increased Production From OPEC+ And Iran
Oil prices fell below $64 a barrel today, Monday, as the impact of rising supplies from OPEC+ and increasing Iranian production was overshadowed by signs of a strong economic recovery in the United States and broader expectations for a recovery in demand in 2021. The Organization of the Petroleum Exporting …
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