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 …
Read More »Yen is rising and dollar is falling as traders await interest rate fluctuations
The yen rose against the dollar for a fourth straight session on Tuesday, with investors anticipating the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve will ease it. The dollar reached its lowest level since mid-September at 147.16 yen, and recorded in …
Read More »Limited movements in European stocks amid losses in the financial sector
European stocks recorded limited movement on Tuesday amid a decline in the financial sector that offset gains in mining stocks, while investors continue to search for evidence to support expectations that major central banks have finished raising interest rates. The European STOXX 600 index rose 0.1 percent by 0810 GMT. …
Read More »Nikkei declines amid selling in auto stocks due to the rise in the yen
Japan’s Nikkei closed slightly lower on Tuesday as the yen’s rise against the dollar led to selling in automakers’ stocks. The Nikkei fell 0.1 percent to 33,354.14 after opening 0.2 percent higher and trading slightly higher during the session. The broader Topix index fell 0.2 percent to 2,367.79 points. The …
Read More »Dollar suffers losses as US interest rates reach their peak
The dollar faced pressure on Tuesday and was trading at multi-month lows against the euro and other major currencies at a time when investors expect US interest rates to fall next year and see this as a signal to sell the dollar as a hedge. Movements were modest in early …
Read More »Nasdaq makes big gains 21/11/2023
Oil, Crude, trading
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