Oil prices fell on Thursday with the release of disappointing economic data from major economies, while investors await Federal Reserve Chairman Jerome Powell’s speech on Friday, looking for any indications on the path of interest rates. And by 0619 GMT, Brent crude fell 19 cents, or 0.2 percent, to $ …
Read More »Nasdaq returns to gains 24/8/2023
Oil, Crude, trading
Read More »Dow Jones is facing negative pressure 24/8/2023
Oil, Crude, trading
Read More »CAD still holding above support 24/8/2023
The Canadian dollar achieved the first official target required during the previous report, at 1.3600, recording its highest level at 1.3605. Technically, the pair’s movements witnessed a rapid bearish tendency as a result of the collision with the resistance of the psychological barrier 1.3600, which forced the pair to retest …
Read More »JPY may complete the corrective decline 24/8/2023
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Read More »GBP requires careful consideration 24/8/2023
Oil, Crude, trading
Read More »Oil: negativity in place 24/8/2023
The prices of US crude oil futures contracts declined significantly during the previous trading session, touching the bearish target required to be achieved yesterday at 78.60, recording its lowest level at $77.68 per barrel. Technically, looking at the 4-hour chart, the simple moving averages continue to exert negative pressure on …
Read More »Gold starts attacking the resistance 24/8/2023
For several consecutive sessions, gold prices witnessed a sideways price range confined from below above the support level of 1885 and from above below the level of 1905, so that the transactions of the last trading session witnessed an upward rebound so that gold could initially breach the main resistance …
Read More »Euro is retesting the resistance 24/8/2023
The euro-dollar pair touched the second bearish target during the previous trading session, 1.0800, recording its lowest level at 1.0802. On the technical side, the pair’s movements witnessed an upward rebound as a result of touching the support of the psychological barrier represented by the target 1.0800, to return positively, …
Read More »Jackson Hole: Market overreacts?
US equities are trading higher on Wednesday as lower 10-year US Treasury yields aid long-term technology sectors thrive. The 10bps drop in 10-year yields is likely due to investors dialling back some of the recent build-up in growth expectations that saw yields climb to the highest levels since the Great …
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