The Dow Jones Industrial Average continues posting gains, touching the first target mentioned in the previous analysis at 28740, posting a high of 28,843. Technically speaking, looking at the 60-minute chart, we find that the index continues to get a positive sign from the 50 SMA, which continues to hold …

The pound was dominated by positive trading against the yen, after it managed to establish strong support around 136.60. Technically, we are biased towards the positivity based on the positive crossover signals coming from the stochastic indicator on the 240-minute time frame. A bullish bias will be likely today, provided …

The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …

The British pound achieved noticeable gains against the US dollar during the previous trading session within the expected bullish path, touching the first target 1.3085, reaching high of 1.3083. On the technical side, we notice that 50-day moving average is still holding the price, meeting around the support level of …

Oil, Crude, trading

The resistance levels mentioned in the previous analysis at 1934 managed to halt the bullish bias as we expected and forced gold prices to retreat again. Technically, and looking at 240-minutes chart, we find that the negative signs are still dominating the stochastic, in conjunction with clear negative signs on …

Euro was trading in a narrow sideways range, and its movements against the US dollar did not witness notable change, and the pair maintained the bullish path. The technical outlook remains unchanged, and with a look at 240-minutes chart, we see that the SMA 50 is providing a positive motive …

The main indexes on Wall Street opened higher on Monday, while the Nasdaq index, teeming with tech companies, jumped more than 1% as sentiment was boosted by optimism about an agreement in Washington on more financial support ahead of the start of the quarterly earnings announcement season. The Dow Jones …

The dollar settled near a three-week low on Monday amid optimism about the fiscal stimulus in the United States, while the yuan fell after the Chinese central bank changed its policy on currency reserves. The dollar index stabilized after it witnessed the biggest loss in six weeks on Friday, when …

Oil prices fell 1% for the second consecutive session Monday, as US producers began to resume work after Hurricane Delta and the end of a workers’ strike that affected production in Norway. Brent crude for December delivery fell 41 cents to $ 42.44 a barrel, and U.S. West Texas Intermediate …