US crude oil futures prices reflected the expected bullish trend during the previous report, touching the stop loss order published at 91.30. As a reminder, we indicated that breaking the aforementioned level postpones the proposed bullish scenario, and we may witness a simple bearish correction aimed at retesting 90.20, recording …
Read More »Gold is trying to consolidate, eyes on the Fed 20/9/2023
Gold prices achieved a positive outlook, as we expected during the previous technical report, touching the first target to be achieved, at the price of $1936, recording its highest level of $1937 per ounce. Technically, gold prices found a strong resistance level represented by the first target, 1936, which forced …
Read More »Euro testing resistance and negativity remains 20/9/2023
Limited positive attempts dominated the EUR/USD pair during the previous trading session, retesting the psychological barrier resistance level of 1.0700 and failing to stabilize above it for a long time. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the …
Read More »Powell’s Hawkish Tone Expected to Bolster the US Dollar
Navigating by the seat of their pants – that’s a less charitable way to characterize the Federal Reserve’s recently professed reliance on real-time data for policy decisions. While we could extend some acknowledgement to Fed Chair Jerome Powell and his team, it’s apparent that the central bank is gently decelerating …
Read More »Gold rises to its highest level in two weeks before FOMC meeting
Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …
Read More »The Nikkei index closed lower
Japan’s Nikkei index closed lower on Tuesday, with chip-related stocks leading the decline amid investor caution ahead of central bank meetings in the United States and Japan. The Nikkei index fell 0.87 percent to 33,242.59 points. Tokyo Electron shares fell 5.23 percent, recording the worst performance on the index. Japanese …
Read More »European stocks decline as the industrial sector slows
European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week. The European STOXX 600 index fell 0.1 percent by 0717 GMT. Investors are cautious before decisions related …
Read More »Euro rises and Yen falls ahead of a series of central bank meetings
The euro clung to gains on Tuesday after hawkish comments from policymakers at the European Central Bank, while the yen remained near a ten-month low ahead of an interest rate decision from the Bank of Japan later this week. Currency movements were limited in early Asian trading, as markets await …
Read More »Nasdaq starts negative 19/9/2023
Oil, Crude, trading
Read More »Dow Jones pressures support 19/9/2023
Oil, Crude, trading
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