Gold prices fell on Monday, as investors await US economic data this week that may affect the Federal Reserve’s policy in the future, but the decline in the dollar limited the losses of the yellow metal. The spot gold price fell 0.2 percent to $1922.58 an ounce by 0914 GMT. …
Read More »European stocks rise, supported by Tech
European stocks rose on Monday, supported by technology and real estate companies, as expectations that the euro zone will witness a slight recession erased the impact of the hawkish statements of European Central officials that pushed the euro to its highest level in nine months. The pan-European Stoxx 600 index …
Read More »Gold prices rose as a result of the dollar’s decline
Gold prices initially rose in Asian markets on Monday, supported by a weaker dollar and prospects for the Federal Reserve to slow down interest rate hikes. And the price of gold rose 0.1 percent to 1929.04 dollars an ounce at 0014 GMT. There was little change in US gold futures …
Read More »Oil prices fell at the beginning of limited trading
Oil prices fell on Monday in the beginning of limited trading due to the Lunar New Year holiday in East Asia, but maintained most of the gains made last week on the back of the possibility of an economic recovery in China, the largest oil importer, this year. Brent crude …
Read More »Japan’s Nikkei rises, trailing Wall Street
Japan’s Nikkei index jumped more than 1 percent on Monday, tracking a rally on Wall Street last week led by chip-related stocks. The Nikkei ended trading up 1.33 percent, recording 26,906.04 points, after rising earlier to 26,938.28 for the first time in a month. Of the 225 stocks listed on …
Read More »Dow Jones may get temporary positive signals 23/1/2023
Oil, Crude, trading
Read More »CAD back to negativity again 23/1/2023
The official bearish trend regained control of the Canadian dollar’s movements once again after it preferred to pass upwards to the pivotal resistance level at 1.3470, which forced it to trade negatively again to retest the support level of 1.3350. Technically, our trading tends to be negative, relying on the …
Read More »GBP outperforming USD 23/1/2023
Oil, Crude, trading
Read More »Crude oil repeats bullish opportunities 23/1/2023
Mixed movements dominated the prices of US crude oil futures contracts, but trading tended to be positive to succeed in recording good gains, touching the level of $81.86 per barrel. Technically, by looking closely at the 4-hour chart, we find that oil prices continue to get a positive impulse from …
Read More »Gold steals the spotlight against USD 23/1/2023
Gold prices continued achieving strong gains at the expense of the US dollar, as we expected within a gradual rise to visit the official target published during all technical reports last week at the price of 1950, recording its highest level at $1937 per ounce. Technically, and with a closer …
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