Japan’s Nikkei index closed down 2 percent on Friday, with chip-related shares Advantest and Tokyo Electron falling after gains in US-listed Nvidia stock stalled. The Nikkei index fell 2.05 percent to close at 31,624.28 points, the biggest daily decline in more than three weeks, but it achieved a weekly gain …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook remains unchanged, as the Canadian dollar maintains the expected bullish path during the previous report, touching our first target of 1.3575, recording its highest level at 1.3600. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3540, and in general, …

japanese-yen

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts yesterday, touching the official bearish target to be achieved at 77.60, recording its lowest level at $77.65 per barrel. Technically, and looking at the 4-hour chart, prices tried to take advantage of the mentioned support level represented by the …

Limited positive attempts dominated gold’s movements during the previous trading session. Still, it collided with the minor resistance level at 1922, which forced it to trade negatively to the downside. Technically, by looking at the 4-hour chart, the 50-day simple moving average still holds the price from below, supporting the …

The bearish trend continues to control the movements of the Euro-dollar pair within the expected negative technical outlook during the previous technical report, touching the first official stop at 1.0800, heading to visit the official target required for the current descending wave at 1.0775, recording the lowest trading at 1.0777 …

President Jerome Powell is expected to deliver new monetary policy cues later this week, but while many aren’t expecting the Fed chief’s remarks to be laced with the ‘pain’ warning from last year, there are concerns that he may raise the prospect of higher longer-term interest rates. According to Goldman …