Japan’s Nikkei index experienced a decline on Thursday, influenced by a significant sell-off on Wall Street and a notable drop in Toyota’s shares due to a growing safety concern within its Daihatsu Motor unit. The Nikkei closed at 33,140.47 points, reflecting a decrease of 1.59 percent. Among the 225 listed …
Read More »Oil is heading to end its winning streak as US inventories rise
Oil prices experienced a decline on Thursday, potentially halting a three-day winning streak. Concerns about reduced demand emerged following an unexpected surge in US crude inventories, overshadowing worries about global trade disruptions due to tensions in the Middle East. As of 0303 GMT, Brent crude futures saw a decrease of …
Read More »Nasdaq Requires Close Examination 21/12/2023
Oil, Crude, trading
Read More »Dow Jones attacks 38,000 and positivity continues 21/12/2023
Oil, Crude, trading
Read More »USD/JPY may continue to fall 21/12/2023
japanese-yen
Read More »GBP under negative pressure 21/12/2023
Oil, Crude, trading
Read More »Oil retests support 21/12/2023
Positive trading prevailed in the US crude oil futures market until midday, reaching the designated target of 75.40 and peaking at 75.35. Technically, examining the 4-hour chart reveals that the 75.40 level is exerting substantial downward pressure on oil, prompting a swift retreat towards 73.54. The negative stochastic indicator is …
Read More »Gold needs more bullish momentum 21/12/2023
Gold prices experienced a temporary downturn following a formidable resistance encounter near 2044, compelling a negative trade that approached the support level highlighted in the preceding report at 2025. The lowest point was marked at 2027 before initiating renewed efforts toward an upward recovery. Upon a detailed examination of the …
Read More »Euro is stable below resistance 21/12/2023
The recent trading session showcased predominant positive movements in the Euro/Dollar pair’s trajectory, as it endeavored to establish consolidation above the pivotal 1.0960 resistance level, achieving its peak at 1.0984. From a technical standpoint today, intraday dynamics demonstrate stability beneath the formidable 1.0960 mark, representing the robust resistance positioned at …
Read More »UK CPI inflation softens to 3.9% in November
According to the latest data released by the Office for National Statistics (ONS), the United Kingdom’s Consumer Price Index (CPI) recorded a 3.9% year-on-year increase in November. This figure represents a slight deceleration from the 4.6% rise observed in October, and it falls below market expectations of a 4.4% acceleration. …
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