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Read More »GBP continues to achieve bearish targets 11/9/2023
Oil, Crude, trading
Read More »Oil tends to be negative 11/9/2023
Mixed trading dominated the prices of US crude oil futures contracts, confined from the bottom above 86.20 and the top below the psychological barrier resistance level of 88.00. Technically, with a closer look at the 4-hour chart, the Stochastic indicator began sending negative crossover signals, and this is accompanied by …
Read More »Gold is waiting for a new direction on the intraday basis 11/9/2023
We adhered to intraday neutrality during the previous technical report due to conflicting technical signals, explaining that we are waiting for the confirmation of the breach of the 1929 resistance or the breach of the 1913 support. Gold prices found strong resistance around 1929, which forced the price to trade …
Read More »Euro: continuation of the decline needs confirmation 11/9/2023
Limited side trading dominated the euro’s movements against the US dollar at the end of last week’s trading within a bearish context, concluding its trading around the psychological barrier of 1.0700. Technically, and with a closer look at the 4-hour time frame chart, we find that the simple moving averages …
Read More »Oil prices stabilize amid Saudi cuts and pessimistic economic expectations
Oil prices stabilized on Friday as investors weighed the impact of both concerns about the state of the Chinese economy and supply cuts from Saudi Arabia and Russia. The two benchmark crude oils reached their highest levels in ten months this week after Saudi Arabia and Russia extended their voluntary …
Read More »European stocks stabilize after a seven-day sell-off
European stocks rose slightly on Friday, with investors snapping up shares in luxury goods and technology companies that fell sharply after a wide range of concerns, including the possibility of continued high US interest rates and a slowdown in the European economy, negatively affected sentiment this week. The European STOXX …
Read More »The Nikkei index faces a weekly loss due to interest rates concerns
Japan’s Nikkei index fell by more than one percent on Friday, incurring its first weekly loss in three weeks after following the path of Wall Street in light of fears that the Federal Reserve will tighten its monetary policy and that China will extend a ban on iPhones. Technology and …
Read More »Gold is heading for a weekly decline in light of the strength of the US economy
Gold rose slightly on Friday as the dollar retreated from its high levels, but the precious metal is still on track to record a weekly decline as investors focus on the increasingly strong US data. Gold rose in spot transactions 0.3 percent to $1,925.14 per ounce by 0545 GMT, but …
Read More »Nasdaq: Negative pressure is on 9/2023
Oil, Crude, trading
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