Gold prices fell on Wednesday to less than $2,000 as the dollar stabilized after its decline over the past few days, but expectations that the Federal Reserve had reached the end of the monetary tightening cycle limited the decline in gold prices. Gold fell in spot transactions by 0.1 percent …
Read More »Dollar stabilizes and Yen fluctuates as traders evaluate US interest outlook
The dollar stabilized slightly on Wednesday, but remained not far from the lowest level in two and a half months against a basket of currencies after the statement of the latest Federal Reserve meeting did not indicate anything significant to rule out expectations that the interest rate hike cycle was …
Read More »Nasdaq settled above support 22/11/2023
Oil, Crude, trading
Read More »Dow Jones gets extra momentum 22/11/2023
Oil, Crude, trading
Read More »CAD maintains the same technical conditions 22/11/2023
The technical situation for the pair remains unchanged, with no significant shifts over the past three sessions. The pair continues to exhibit negative stability after encountering a robust resistance level around 1.3770. From a technical standpoint today, examining the 4-hour time frame chart reveals the formation of a resistance level …
Read More »USD/JPY is stable below resistance 22/11/2023
japanese-yen
Read More »GBP maintains the upward path 22/11/2023
Oil, Crude, trading
Read More »Oil tends to temporary negativity 22/11/2023
US crude oil futures prices experienced narrow-range side trading without significant changes, with movements confined between 77.00 at the bottom and 77.90 at the top. From a technical perspective, there is a leaning towards negativity, albeit with caution. This inclination is based on the evident negative crossover signals observed on …
Read More »Gold attacks the $2000 barrier, what’s next? 22/11/2023
Gold prices demonstrated significant gains during the recent trading session, initiating an advance towards the $2,000 per ounce level, confirming the positive outlook as anticipated in the previous technical report. The precious metal touched the initial target of $2004, reaching its peak at $2007. From a technical standpoint today, the …
Read More »Euro testing resistance 22/11/2023
The EUR/USD pair managed to secure some gains during the preceding trading session, reaching the initial target of 1.0970, representing the 61.80% Fibonacci correction and achieving its highest level at 1.0963. From a technical standpoint today, examining the 4-hour time frame chart reveals that the 1.0960 level, corresponding to the …
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