Oil, Crude, trading
Read More »CAD trying to get rid of negativity 8/9/2023
The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining positive stability and recording its highest level near the psychological barrier of 1.3700. Technically, and by looking closely at the 4-hour chart, we find that the pair established a good support base around the psychological barrier …
Read More »USD/JPY above the moving average 8/9/2023
japanese-yen
Read More »GBP: selling pressure is on 8/9/2023
Oil, Crude, trading
Read More »Oil may complete the retest scenario 8/9/2023
US crude oil futures prices witnessed a negative trading session within the expected bearish path within the idea of the required retest, touching the target of retesting support at 86.20, recording its lowest level during early trading in today’s session at 86.24. Technically, by looking at the 4-hour chart, we …
Read More »Gold is looking for a stronger trend 8/9/2023
Gold movements are witnessing attempts to rise marginally, benefiting from the positive stability above the 1915 support level, and the price is now hovering around its highest level during the morning trading of today’s session at $1926 per ounce. Technically, and with a closer look at the 240-minute time frame …
Read More »Euro is facing solid support, confirmation of the break extends losses 8/9/2023
Yesterday, the euro began to pressure the psychological barrier support level at 1.0700, recording its lowest level at 1.0686 within the gradual downward path. On the technical side today, we find that the simple moving averages are still pressuring the price from above, and the 50-day moving average meets around …
Read More »Germany’s industrial output fell more than expected in July
Germany’s industrial output fell slightly more than expected in July, the Federal Statistics Office said on Thursday, highlighting the challenges facing the sector after Europe’s largest economy slumped in the winter. Production fell 0.8 percent in July compared to the previous month. Analysts in a poll conducted by Reuters expected …
Read More »European stocks decline for the seventh day as investor sentiment deteriorates
European stocks fell for the seventh consecutive session on Thursday, heading towards the longest losing streak in more than five years, affected by fears of a slowdown in the European economy and keeping US interest rates high. By 0714 GMT, the European STOXX 600 index fell 0.4 percent, hitting its …
Read More »Dollar dominates currency markets
A sharp rise in the dollar pushed the yen to a 10-month low on Thursday and kept the euro and sterling near three-month lows as investors put their full faith in the still-strong US economy despite the bleak global growth outlook. The dollar rose to a new peak at 147.875 …
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