The European STOXX 600 index rose on Friday and is heading towards achieving its best weekly performance since March, led by auto stocks, as sentiment was supported by optimism linked to a possible end to the monetary policy tightening cycle in major central banks. The European STOXX 600 index rose …
Read More »Oil prices stable and heading for losses for the second week
There was little change in oil prices on Friday, but they are heading for a second consecutive week of losses, with the US Central Bank leaving the door open to possible increases in interest rates in the future, as well as declining fears that the conflict in the Middle East …
Read More »Nasdaq Poised for Further Gains 3/11/2023
Oil, Crude, trading
Read More »The Dow Jones Index Maintains its Positive Momentum 3/11/2023
Oil, Crude, trading
Read More »CAD Breaks Key Support Level 3/11/2023
The Canadian dollar has successfully reached the anticipated bearish target outlined in the previous technical report. This forecast was based on the initial pressure observed on the support level of 1.3830, leading to a touchpoint at 1.3775. The currency pair recorded its lowest level at 1.3735 during this movement. Upon …
Read More »USD/JPY Shows Signs of Resuming Downward Correction 3/11/2023
japanese-yen
Read More »GBP Attempts Gradual Ascent 3/11/2023
Oil, Crude, trading
Read More »Oil Loses Momentum 3/11/2023
Limited positive attempts marked the movements of US crude oil futures in the previous trading session, with the price reaching its peak at $82.86 per barrel before retracing back within the anticipated downward trajectory and hitting a low of $82.27. Examining the 4-hour timeframe chart, the 50-day simple moving average …
Read More »Gold Trades Sideways as Investors Await Jobs Data 3/11/2023
Gold prices experienced narrow-range sideways movement yesterday, maintaining the existing technical outlook. The price of gold remains confined above 1977 from the bottom and below 1993 from the top. Upon examining the 240-minute timeframe chart, it is evident that the price has remained stable below the 1992 resistance level. Additionally, …
Read More »The Euro Gains Ground Against the Weakening Dollar 3/11/2023
In our previous technical report, we maintained a neutral stance due to conflicting signals. We emphasized that activating buying positions hinged on the EUR/USD pair breaking the psychological barrier resistance level of 1.0600, targeting 1.0670 and 1.0670, achieving these targets and reaching its peak at 1.068. Technically, today we are …
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