Mixed movements dominated gold prices during yesterday’s session, heading to touch the first bearish target published during the previous analysis at 1935 price, to record its lowest level at $1932 per ounce, to rebound as a result of touching the target of support within a scenario of retesting the 1970 …
Read More »Euro is testing resistance and negativity is in place 31/5/2023
The Euro succeeded in achieving the negative outlook as we expected during the previous technical report, touching the first official target station located at 1.0680, recording its lowest level at the last session at 1.0672, to return as part of attempts to rebound bullishly as a result of touching the …
Read More »FTSE 100 drifts lower; WPP shines on AI deal with Nvidia
The stock market in the United Kingdom traded neutral on Tuesday, as investors returned from a long weekend to absorb an agreement to lift the United States’ debt ceiling as well as new inflation fears. At 08:15 GMT, the benchmark FTSE 100 index was down 0.2%, the mid-cap FTSE 250 …
Read More »Oil falls 2% amid debt ceiling disputes in America and ambiguity over the OPEC + talks
Oil prices fell nearly 2 percent on Tuesday, as concerns about the possibility of ratification of the debt ceiling agreement in the United States undermined risk appetite and mixed messages from major oil producers clouded the supply outlook ahead of their upcoming meeting days later. Brent crude futures fell $1.36, …
Read More »Turkish lira falls to a new record low while Erdogan chooses his government ministers
The Turkish lira fell more than 1 percent to a new record low on Tuesday, while President Recep Tayyip Erdogan was choosing who would run economic policies in his government after winning Sunday’s re-election. The lira recorded an all-time low of 20.34 against the dollar, down from the closing level …
Read More »European stocks fell as investors weighed the risks to the US debt deal
European stocks fell on Tuesday, affected by uncertainty that Congress will pass the US debt ceiling agreement to avert the country from a catastrophic default. The pan-European STOXX 600 index fell 0.2% by 0716 GMT, amid expectations that trading would gain momentum as the US and UK markets reopened after …
Read More »Turkish lira fell to a new record low of 20.2 per dollar
The Turkish lira fell to a new record low of 20.2 against the dollar on Tuesday, extending losses incurred since President Recep Tayyip Erdogan’s victory in Sunday’s presidential run-off. The lira fell 0.5 percent from the closing level it recorded on Monday at 20.0990 pounds per dollar, which was its …
Read More »Dow Jones is looking for a stronger trend 30/5/2023
Oil, Crude, trading
Read More »CAD trend continues 30/5/2023
Positive trades continue to dominate the Canadian dollar for the second consecutive session, building a good support floor near 1.3560, and the pair is now hovering around its highest level during the early trading of the current session at 1.3600. Technically, and by looking closely at the 4-hour chart, we …
Read More »GBP maintains negative stability 30/5/2023
Oil, Crude, trading
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