In the latest trading session, gold experienced a predominant negative trend, aligning with the anticipated bearish outlook and reaching its lowest point at $2009 per ounce. A closer technical analysis reveals ongoing downward pressure, with simple moving averages crossing negatively on the 4-period chart and concurrent negative signals emerging on …
Read More »Euro continues its gradual decline 6/12/2023
In the aftermath of our previous technical report, the EUR/USD pair continued its anticipated descent, achieving the initial target at 1.0800 and hovering just a few points above the second target at 1.0760. The pair marked its lowest point at 1.0778, confirming the validity of the downward trajectory. As we …
Read More »European stocks decline, affected by a decline in financial sector stocks
European stocks fell on Tuesday, affected by a decline in financial sector stocks after Qatar reduced its stake in Barclays Bank, while investors remained cautious ahead of important economic data later on Tuesday. The European STOXX 600 index fell 0.1 percent by 8:12 GMT. Barclays shares fell 3.3 percent a …
Read More »Nikkei records its largest daily loss in about 6 weeks
Japan’s Nikkei index recorded its biggest daily decline in about six weeks on Tuesday, as rising US Treasury yields led to heavy selling in shares of Advantest and other chip-related companies. The Nikkei fell 1.37 percent to close at 32,775.82 points on Tuesday, the largest daily decline since October 26. …
Read More »Oil settles amid OPEC+ cut-linked doubts
Oil prices witnessed little change on Tuesday amid uncertainty over the OPEC+ alliance’s voluntary production cuts, continued tension in the Middle East, and weak economic data from the United States. By 0402 GMT, Brent oil futures fell one cent to $78.02 a barrel, while US West Texas Intermediate crude futures …
Read More »Nasdaq: negative pressure exists 5/12/2023
Oil, Crude, trading
Read More »Dow Jones may see temporary negative pressure 5/12/2023
Oil, Crude, trading
Read More »CAD trying to rise 5/12/2023
The Canadian dollar found a good support floor around the 1.3500 level, which succeeded in reducing the bearish tendency, and the current movements of the pair witness attempts to recover and hover near its highest level around 1.3560. From the point of view of technical analysis today, we are leaning …
Read More »USD/JPY resumes decline 5/12/2023
japanese-yen
Read More »GBP is waiting for a signal of movement 5/12/2023
Oil, Crude, trading
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