The movements of the Dow Jones Industrial Average witnessed a slight upward trend during the previous trading session, recording a high of 32,666. On the technical side, and with a closer look at the 60-minute chart, we find the index returned to settle below 32,500 and generally below 32,625, and …

The pound’s current moves against the Japanese yen are witnessing a slight upward slope after setting a good support floor near 148.60. On the technical side, despite the bullish bias, we tend to be negative depending on the continuation of the negative pressure coming from the 50-day moving average, in …

The technical outlook is unchanged, and the Canadian dollar has not changed significantly, maintaining the bullish corrective bias. From the technical analysis, we are continuing to suggest the bullish trend, relying on the stability of trading above 1.2540 the previously breached resistance in addition to the positive motive for the …

Oil, Crude, trading

Oil, Crude, trading

Narrow-range sideways trading dominated gold’s movements for the second session in a row, pinging from the bottom above the support level at 1722 and from below the resistance level at 1747. Technically, we will maintain the same technical conditions, waiting for a signal to stimulate the price. With a closer …

The single European currency continued to decline against the US dollar within the expected bearish path mentioned in the previous analysis, touching our required target located at 1.1800, to record its lowest level at 1.1806. On the technical side, today, and with a closer look at the 4-hour chart, the …

The IHS Markit’s Manufacturing PMI edged higher to 59 in March from 58.6 in February, revealing that the business activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly lower than the market expectation of 59.3.

Durable Goods Orders in the United States declined by 1.1%, or $2.9 billion, in February to $254 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed January’s increase of 3.5% and missed the market expectation of +0.8%.

The dollar hit a four-month high on Wednesday, March 24, as concerns about a third wave of the Covid-19 pandemic in Europe, the prospect of a tax hike in the United States, and mounting tension between the West and China weighed on risk appetite. The dollar index rose to a …