US crude oil futures prices recovered by the end of last week’s trading after a session of successive declines, and the support level of 79.60 succeeded in limiting the bullish tendency to reverse the bearish trend temporarily. As a reminder, we indicated during the latest technical report that the price’s …
Read More »Gold: the continuation of the decline is a valid scenario 21/8/2023
Gold prices continued the expected downward path, reaching the first main station of the current downward wave, at the expected target of 1885, recording its lowest level during the early trading of today’s session, $1885 per ounce. Today’s technical vision indicates the possibility of witnessing an attempt to establish support …
Read More »Euro is hovering around an critical correction 21/8/2023
The Eurodollar pair concluded its weekly trading on a bearish trend, recording its lowest level at the official target station at 1.0840, recording its lowest level at 1.0845. From the point of view of technical analysis today, the intraday trading of the euro against the US dollar is witnessing stability …
Read More »Financial Markets’ Weekly Recap, August 14-18
Eurozone Eurozone inflation has slowed further, and underlying price pressures appear to have peaked, according to Eurostat statistics released on Friday, lessening pressure on the European Central Bank to continue raising rates following its quickest rate-hike cycle on record. To confront a historic increase in inflation, the ECB has raised …
Read More »Fears of the Chinese economy tend to cut oil’s 7-week series of gains
Oil is set to end the week lower after a seven-week winning streak, as worries about China’s economy outweigh indicators of tight supply. The seven-week price rally, driven by supply cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC +), was the longest streak of gains …
Read More »Gold is recovering from its lowest level in 5 months
Gold rose from its lowest level in five months on Friday, as the dollar and bond yields fell, but the yellow metal is heading for another weekly decline, as encouraging data from the United States reinforced expectations that the Federal Reserve is not finished raising interest rates. Spot gold rose …
Read More »European stocks open lower as interest rate pressures and China’s economy mount
On Friday, August 18, European stocks opened lower and are on their way to record a weekly loss, as risk appetite was negatively affected by concerns about interest rates remaining high globally for a longer period, as well as concerns about the growth of the Chinese economy. And by 07:03 …
Read More »Dollar is heading for gains for the fifth week
The dollar is heading for gains for the fifth week against other major currencies, to record the longest series of gains in 15 months, supported by expectations that US interest rates will remain high for a longer period and by turning to safer assets as a result of concerns about …
Read More »Nasdaq continues to lose ground 18/8/2023
Oil, Crude, trading
Read More »Dow Jones continues to achieve downward targets 18/8/2023
Oil, Crude, trading
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