Oil, Crude, trading
Read More »Dow Jones hits the target 29/8/2023
Oil, Crude, trading
Read More »CAD retest support 29/8/2023
Positive trading dominated the Canadian dollar’s movements, and it is still stable below the resistance of the psychological barrier of 1.3600, unable to consolidate above it until now. Technically, today, 1.3600 level started to form a strong resistance that pressures the pair, accompanied by the clear negative signs on stochastic …
Read More »JPY maintains positive stability 29/8/2023
japanese-yen
Read More »GBP is hovering around a pivotal resistance 29/8/2023
Oil, Crude, trading
Read More »Oil is stable below resistance 29/8/2023
Limited positive attempts dominated the movements of US crude oil futures prices, failing to breach the main resistance of the current trading level at 80.60. Technically, by looking closely at the 240-minute chart, we notice clear negative signs on the stochastic indicator, which is gradually losing bullish momentum and trading …
Read More »Gold: An Impulsive wave enhances the upward 29/8/2023
Positive trading dominated gold’s movements at the beginning of this week’s trading within the expected bullish path during the previous technical report, in which we relied on stability above the 1913 level, touching the first desired target of 1924, recording its highest level at $1925 per ounce. Technically, we find …
Read More »Euro’s recovery attempts need confirmation 29/8/2023
We adhered to intraday neutrality during the first trading sessions of this week due to the inconsistency between the technical signals, to find the EUR/USD pair trying to recover and now hovering around its highest level during the early trading of the current session at 1.0836. On the technical side …
Read More »Oil prices stabilised after China’s move to support the economy
Oil prices were little changed on Monday after China took steps to support its ailing economy, although investors remained concerned about the pace of growth as well as possible new hikes in US interest rates that could dampen demand for oil. China has halved the stamp duty on stock trading …
Read More »USD is fluctuating amid expectations to keep interest rates high for a longer period
The dollar retreated slightly from a 12-week level on Monday, August 28, as investors assessed the path of US monetary policy after US Federal Reserve Chairman Jerome Powell left the door open to the possibility of further interest rate hikes. In a highly anticipated speech at the annual financial policy …
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