The upward trend continued to control the movements of the EUR/USD pair, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1.1120, recording its highest level of 1.1122. On the technical side today, we are leaning towards positivity, …
Read More »Dollar Hits 5-Month Low
The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …
Read More »European Shares Inch Up on Positive Chinese Data and Wall Street Optimism
European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …
Read More »Oil stabilizes and all eyes are on developments in the Red Sea
Oil prices maintained stability on December 27 as investors closely monitored developments in the Red Sea, where major shipping companies resumed transit despite ongoing attacks and heightened tension in the Middle East. Brent crude futures experienced a slight dip of 0.1%, falling 5 cents to $81.02 per barrel, while US …
Read More »Nasdaq maintains an upward trajectory 27/12/2023
Oil, Crude, trading
Read More »Dow Jones may resume rising 27/12/2023
Oil, Crude, trading
Read More »USD/JPY needs a confirmation signal 27/12/2023
japanese-yen
Read More »GBP needs additional momentum 27/12/2023
Oil, Crude, trading
Read More »Oil is recording notable gains 27/12/2023
US crude oil futures exhibited a significant uptrend in the previous trading session, leveraging robust support around $73.20 and reaching a peak of $76.14 per barrel. Technical indicators, including the positive alignment of simple moving averages and encouraging signals from the Relative Strength Index (RSI), contribute to the optimistic outlook. …
Read More »Gold expands its gains 27/12/2023
Gold prices have experienced a notable surge, aligning with the positive outlook outlined in the recent technical report issued last Friday. The precious metal reached the official target of $2068 and attained its highest level at $2069 per ounce during yesterday’s trading session. Today’s technical analysis suggests the potential for …
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