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Read More »GBP is the best against USD 27/11/2023
Oil, Crude, trading
Read More »Oil records lower highs 27/11/2023
US crude oil futures prices experienced a significant decline last Friday, reaching the initial official target outlined in the preceding report at $75.75 and recording their lowest point at $75.13 per barrel. From a technical perspective, the prevailing downward trend persists, with trading consolidating below the 76.40 resistance level. This …
Read More »Gold attacks the $2000 barrier and positivity persists 27/11/2023
Gold prices concluded last week’s trading sessions on a notably positive note, surpassing the psychological barrier resistance level of $2,000, consistent with the anticipated positive outlook. The prices approached the official target of 2007, reaching a peak of $2,003 per ounce. From a technical standpoint, examining the 4-hour time frame …
Read More »Euro advances over against USD 27/11/2023
Positive trading prevailed in the Euro/Dollar pair at the close of last week’s trading, aligning with the anticipated upward trajectory outlined in the previous technical report. The pair approached the initial official target of 1.0960, reaching a peak of 1.0950. From a technical perspective today, a positive inclination is observed, …
Read More »Financial Markets’ Weekly Recap
Data from the German statistics office confirmed on Friday that the country’s economy contracted slightly in the third quarter compared to the previous three months. The initial estimate, published in late October, indicated a contraction of 0.1 percent, which has now been substantiated. Ruth Brand, head of the Statistics Office, …
Read More »Dollar declines in limited deals with expectations that interest rates will reach their peak
The dollar fell on Friday as investors bet that US interest rates had peaked, while the yen rose after Japan’s core consumer prices grew, boosting expectations that the Bank of Japan may soon roll back monetary stimulus. With US markets closed on Thursday due to the Thanksgiving holiday and a …
Read More »Brent rises ahead of OPEC+ decision on production
Brent crude futures rose on Friday, recouping some of the previous session’s losses as traders tried to guess whether the OPEC+ alliance would reach an agreement that would lead to further production cuts. By 0800 GMT, Brent crude futures rose 19 cents, equivalent to 0.23 percent, to $81.61, after falling …
Read More »European stocks fell due to losses in mining and technology stocks
The main European stock index fell on Friday due to declines in mining and technology stocks, as investors evaluated economic data and the start of a four-day truce between Israel and Hamas. By 0810 GMT, the European STOXX 600 index fell 0.1 percent, but was still on track to achieve …
Read More »Nasdaq is trying to consolidate 24/11/2023
Oil, Crude, trading
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