European shares opened lower on Friday, led by a decline in technology stocks and a sharp drop in Carlsberg Group shares following the rejection of its takeover bid for British soft drinks maker Britvic. The pan-European STOXX 600 index fell 0.2% in early trading, with the technology sector experiencing a …
Read More »The US-China Trade War and Europe’s Role
The ongoing trade war between the United States and China represents one of the most significant economic confrontations of the 21st century, deeply impacting global markets, supply chains, and international relations. As the world’s two largest economies clash over tariffs, trade deficits, and technology transfers, Europe finds itself in a …
Read More »Dow Jones: Bullish Momentum Strengthens 21/6/2024
Oil, Crude, trading
Read More »USD/JPY: Upward Trend Maintains Momentum, New Targets in Sight 21/6/2024
japanese-yen
Read More »GBP/USD: Bearish Trend Emerges After BoE Decision 21/6/2024
Oil, Crude, trading
Read More »WTI: Bullish Momentum Continues, Further Gains Anticipated 21/6/2024
WTI crude oil futures prices exhibited strong bullish momentum yesterday, successfully reaching our initial target of 81.50 and achieving a peak of $81.50 per barrel. Technical Outlook: The technical outlook remains bullish, with the 240-minute chart showing that simple moving averages (SMAs) are providing continuous support for the ongoing upward …
Read More »Gold: Bullish Momentum Emerges After Downward Trend 21/6/2024
Gold prices reversed their previous downward trend and rallied during yesterday’s trading session, surpassing the key resistance level of 2340 and reaching a high of $2365 per ounce. This price action indicates a potential shift in sentiment towards a bullish outlook. Technical Outlook: The technical analysis now suggests a continuation …
Read More »EUR/USD: Further Downside Expected Amid Negative Signals 21/6/2024
The EUR/USD pair continued its downward movement, as anticipated in our previous technical report, nearing our target of 1.0700 and reaching a low of 1.0715. Technical Outlook: On the 4-hour chart, the simple moving averages (SMAs) are maintaining their downward pressure, supporting the bearish price trend. The Stochastic oscillator has …
Read More »Bank of England Holds Interest Rates Steady Despite Easing Inflation
The Bank of England (BoE) maintained its benchmark interest rate at 5.25% on Thursday, despite a recent slowdown in inflation. This decision reflects the central bank’s cautious approach, as it continues to monitor underlying price pressures and robust wage growth. The Monetary Policy Committee (MPC) voted 7-2 to keep the …
Read More »Swiss National Bank Leads Global Policy Easing with Rate Cut, Signaling Confidence in Inflation Outlook
The Swiss National Bank (SNB) reduced interest rates for the second consecutive time on Thursday, highlighting its confidence in easing price pressures and solidifying its position at the forefront of the global policy easing cycle. The central bank’s decision to cut its policy rate by 25 basis points to 1.25% …
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