Limited positive attempts marked the movements of US crude oil futures in the previous trading session, with the price reaching its peak at $82.86 per barrel before retracing back within the anticipated downward trajectory and hitting a low of $82.27. Examining the 4-hour timeframe chart, the 50-day simple moving average …
Read More »Gold Trades Sideways as Investors Await Jobs Data 3/11/2023
Gold prices experienced narrow-range sideways movement yesterday, maintaining the existing technical outlook. The price of gold remains confined above 1977 from the bottom and below 1993 from the top. Upon examining the 240-minute timeframe chart, it is evident that the price has remained stable below the 1992 resistance level. Additionally, …
Read More »The Euro Gains Ground Against the Weakening Dollar 3/11/2023
In our previous technical report, we maintained a neutral stance due to conflicting signals. We emphasized that activating buying positions hinged on the EUR/USD pair breaking the psychological barrier resistance level of 1.0600, targeting 1.0670 and 1.0670, achieving these targets and reaching its peak at 1.068. Technically, today we are …
Read More »Turkish Central Bank raises its forecast for the inflation rate to 36 percent
Turkish Central Bank Governor Hafizah Ghaya Arkan said on Thursday that the bank raised its forecast for the inflation rate by the end of the year to 65 percent from 58 percent, and also raised its forecast for inflation by the end of 2024 to 36 percent from 33 percent. …
Read More »Gold rises as the dollar and Treasury yields decline
Gold prices rose on Thursday, supported by a decline in the dollar and Treasury bond yields, amid increasing investor bets that the Federal Reserve may have reached the end of its cycle of raising interest rates after keeping them unchanged. By 0924 GMT, gold in spot transactions rose 0.3 percent …
Read More »Dollar declined after the US interest rate decision and eyes on BoE
The dollar was generally lower on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors became increasingly convinced that US interest rates may have peaked after the Federal Reserve kept them unchanged. The focus now turns to the Bank of England and whether it will make the same move on …
Read More »European stocks rise on a boost from bets on stopping interest rate hikes
European stocks rose on Thursday, driven by the rise in real estate and technology stocks affected by interest rates, as investors bet on the possibility of the end of monetary tightening policy in the United States after the Federal Reserve kept interest rates unchanged. The European STOXX 600 index rose …
Read More »Nasdaq starts positive 2/11/2023
Oil, Crude, trading
Read More »Dow Jones achieves the desired goal 2/11/2023
Oil, Crude, trading
Read More »CAD presses support 2/11/2023
Mixed trading characterized the movements of the Canadian dollar, managing to reach the initial upward target at 1.3900 in today’s trading session. From a technical perspective, the psychological barrier resistance at 1.3900 created negative pressure, leading the pair to retest the support level at 1.3830, where it stabilized. Upon closer …
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