The EUR/USD pair’s movements witnessed a positive trend during the previous trading session, reflecting the expected downward trend. In this trend, we relied on trading stability below the 1.0550 resistance level when the report was published. The price’s consolidation above 1.0570 postpones the chances of a decline but does not …
Read More »Gold is losing some luster ahead of Powell’s speech
Gold prices fell on Tuesday as the dollar and US Treasury yields rose ahead of economic data and a speech by Federal Reserve Chairman Jerome Powell this week, which could shift the direction of upcoming interest rate decisions. Spot gold prices fell 0.1 percent to $1,916.88 per ounce by 0703 …
Read More »USD is locked in a narrow range
The dollar moved in a narrow range on Tuesday as investors evaluated developments in the Middle East and awaited a set of speeches by US central bank officials this week, most notably the speech of Federal Reserve Chairman Jerome Powell, seeking indicators about monetary policy expectations. The yen stabilized near …
Read More »European stocks open lower with Ericsson and mining stocks falling
European stocks fell in early trading on Tuesday, affected by a decline in Ericsson shares after disappointing quarterly results and a decline in shares of mining companies as investors monitored the risks resulting from the escalation of the conflict in the Middle East. The European STOXX 600 index fell 0.1 …
Read More »Oil declines amid hopes for easing US sanctions on Venezuela
Oil prices fell slightly on Tuesday after falling by more than a dollar on Monday amid hopes that the United States will ease sanctions on oil producer Venezuela and as Washington intensifies its efforts to prevent an escalation of the war between Israel and Hamas. By 0333 GMT, Brent crude …
Read More »Nasdaq is waiting to break through resistance 17/10/2023
Oil, Crude, trading
Read More »Dow Jones needs a positive stimulus 17/10/2023
Oil, Crude, trading
Read More »CAD settled below resistance 17/10/2023
Negative trading dominated the movements of the Canadian dollar yesterday within the bearish context expected during the previous report, approaching by a few points from the desired target of 1.3590, recording its lowest level of 1.3605. Technically, we find the pair hovering around the 1.3660/1.3650 resistance level, unable to penetrate …
Read More »JPY maintains the same technical conditions 17/10/2023
japanese-yen
Read More »GBP retests resistance 17/10/2023
Oil, Crude, trading
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