The Canadian dollar succeeded in achieving the bearish targets required to be achieved during the previous technical report at 1.3400, and approaching the official target around 1.3365, recording its lowest level at 1.3380. Technically, we are leaning towards positivity in our trading, but with caution, relying on the positive crossover …
Read More »USD/JPY awaits new gains 20/9/2023
japanese-yen
Read More »GBP may witness further decline 20/9/2023
Oil, Crude, trading
Read More »Oil may witness a corrective decline 20/9/2023
US crude oil futures prices reflected the expected bullish trend during the previous report, touching the stop loss order published at 91.30. As a reminder, we indicated that breaking the aforementioned level postpones the proposed bullish scenario, and we may witness a simple bearish correction aimed at retesting 90.20, recording …
Read More »Gold is trying to consolidate, eyes on the Fed 20/9/2023
Gold prices achieved a positive outlook, as we expected during the previous technical report, touching the first target to be achieved, at the price of $1936, recording its highest level of $1937 per ounce. Technically, gold prices found a strong resistance level represented by the first target, 1936, which forced …
Read More »Euro testing resistance and negativity remains 20/9/2023
Limited positive attempts dominated the EUR/USD pair during the previous trading session, retesting the psychological barrier resistance level of 1.0700 and failing to stabilize above it for a long time. On the technical side today, the 50-day simple moving average still represents an obstacle to achieving further rise, and the …
Read More »Powell’s Hawkish Tone Expected to Bolster the US Dollar
Navigating by the seat of their pants – that’s a less charitable way to characterize the Federal Reserve’s recently professed reliance on real-time data for policy decisions. While we could extend some acknowledgement to Fed Chair Jerome Powell and his team, it’s apparent that the central bank is gently decelerating …
Read More »Gold rises to its highest level in two weeks before FOMC meeting
Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …
Read More »The Nikkei index closed lower
Japan’s Nikkei index closed lower on Tuesday, with chip-related stocks leading the decline amid investor caution ahead of central bank meetings in the United States and Japan. The Nikkei index fell 0.87 percent to 33,242.59 points. Tokyo Electron shares fell 5.23 percent, recording the worst performance on the index. Japanese …
Read More »European stocks decline as the industrial sector slows
European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week. The European STOXX 600 index fell 0.1 percent by 0717 GMT. Investors are cautious before decisions related …
Read More »