A gradual rise in the prices of US crude oil futures contracts within the bullish context was expected during the previous technical analysis, approaching by a few points from the published target of 91.40, recording its highest level of $91.30 per barrel. Technically, with a closer look at the 4-hour …
Read More »Gold is waiting for a new signal 25/9/2023
During the previous technical report at the end of the trading week ending last Friday, we adhered to momentary neutrality until we got rid of the confined side range from the bottom above 1913 and the top below 1930. On the technical side today, we find gold prices hovering around …
Read More »Euro is waiting to break support to confirm the negativity 25/9/2023
The technical outlook remains unchanged, and there has been no significant change in the pair’s movements. We notice the continued stability of the pair below the simple moving averages that support the continuation of the downward curve for prices, accompanied by clear negative signals on the Stochastic indicator on the …
Read More »European stocks are heading for a weekly decline, with the possibility of a rate hike lasting longer
European stocks fell on Friday and were heading to end a week full of central bank decisions on a lower note, while investor assessments concluded that borrowing costs are likely to remain high for some time. By 0709 GMT, the European Stoxx 600 index fell 0.6 percent after ending the …
Read More »British retail sales rose in August after a decline in a rainy July
British retail sales partially recovered in August compared to July, which saw heavy rain, official data showed on Friday, adding to the evidence that the country’s consumers are adjusting to cost-of-living pressures. The British Office for National Statistics said that sales volume rose 0.4 percent on a monthly basis after …
Read More »Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise
The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …
Read More »BoJ’s is keeping interest rates at very low levels
The Bank of Japan kept interest rates at ultra-low levels on Friday as well as its guidance on future low interest rates, meaning the Japanese central bank is in no hurry to exit its stimulus policy. In a two-day meeting that ended on Friday, the Bank of Japan maintained the …
Read More »Gold rises, defying the strength of USD and the rise in US Treasury yields
Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …
Read More »Nasdaq touches the bearish target 22/9/2023
Oil, Crude, trading
Read More »Dow Jones suffers huge losses 22/9/2023
Oil, Crude, trading
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