Gold retreated as the dollar and Treasury yields rose, but prices are on the path to achieving the best weekly performance in three weeks, as hopes for more US stimulus support the yellow metal. And gold fell in immediate transactions 0.2% to 1822.69 dollars an ounce. Prices have risen 0.6% …
Read More »Oil Losing More Momentum After OPEC Cuts Demand Forecast
Oil prices fell for a second session today, Friday, to fall further from its highest level in a year after OPEC cut its demand forecast again, and the International Energy Agency said the market was still experiencing a surplus in supplies. Brent crude fell 39 cents, or 0.6%, to $ …
Read More »Nikkei Drops From 30-year Peak on Profit-Taking, Toyota Stocks and Chips Soar
The Nikkei index of Japanese stocks ended a four-session rise on Friday, falling from its highest level in more than 30 years, which it reached in the previous session, as investors sold shares to take profits, but gains in Toyota Motor shares and chip-related companies restrained losses. The Nikkei index …
Read More »Bitcoin Settled Below Resistance
Positive trading dominated the movements of Bitcoin during the last session’s trading, as the current moves witnessed stability in the price again above 47,000. Technically, despite the bullish bias, we tend to be negative, depending on the gradual loss of the bullish momentum stochastic, in addition to the price stability …
Read More »German DAX: Positivity Needs to be Confirmed
The German DAX index achieved noticeable gains, cancelling the negative outlook expected during the previous analysis, and as we indicated yesterday that crossing to the upside and rising again above 13,980 will renew the chances of an upside move towards 14,055, to reach a high of 14,042. Technically, we tend …
Read More »Dow Jones: Negative Trend Still Valid
The Dow Jones Industrial Average touched the target mentioned in the previous analysis, at 31,170, posting its lowest levels at 31,167. Technically, we tend to be negative in our trades depending on the negative signals coming from the RSI and its stability above the 50 midline, in addition to the …
Read More »GBP/JPY: Faces Negative Pressure
Negative trading returned to dominate the movements of the British pound against its Japanese counterpart, after finding a strong resistance level near the psychological barrier of 145.00. On the technical side, we tend to be negative in our trading, relying on trading remaining below 144.90, which is accompanied by the …
Read More »Canadian Dollar: Built on Support
The Canadian dollar succeeded in touching the first target to be achieved during the previous report, located at 1.2675, to record its lowest price during the previous trading session of 1.2660. From a technical view, the pair found a good support floor represented by our previous target, to start its …
Read More »Pound Retesting Support
Oil, Crude, trading
Read More »Oil May Enter a Bearish Correction
Oil, Crude, trading
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