Mixed trading dominated the prices of US crude oil futures contracts yesterday, but the pivotal support level published during the previous report, located at 71.40, was able to limit the bearish tendency to force oil to rebound upwards again, and the current movements are witnessing stability around $73.20 per barrel. …
Read More »Gold maintains a gradual climb, eyes on inflation data 10/5/2023
Gold prices achieved the first bullish target required during the previous technical report at 2037, recording its highest level during the early trading of the current session at $2038 per ounce. Technically, and by looking at the 4-hour chart, we find that gold continues to form an upward trend accompanied …
Read More »Euro is touching the target and trying to recover 10/5/2023
The EURUSD pair declined significantly during the previous trading session’s dealings within the scenario of retesting the support published in the last analysis, touching the required target at 1.0945 and recording its lowest level at 1.0945. Technically, today, we find the EUR/USD pair trying to take advantage of the strong …
Read More »Gold is rising as investors await US inflation data
Gold prices rose on Tuesday as investors awaited US inflation data in search of indications of the monetary policy path of the Federal Reserve (US Central Bank) in light of continued economic uncertainty. By 1021 GMT, spot gold rose 0.5 percent to $2,030.43 an ounce, and US gold futures rose …
Read More »Sterling is hovering at a one-year high as traders await the BoE’s decision.
The Bank of England is expected to raise interest rates by 25 basis points this week, according to traders. The market is also anticipating significant US inflation numbers on Wednesday, which will give additional insight into the world’s largest economy’s fight against inflation. On Tuesday, sterling fell against the US …
Read More »Gold is locked in a narrow range as investors await US inflation data
Gold prices moved in a narrow range on Tuesday ahead of US inflation data, which investors are looking for clues to the Federal Reserve’s policy path. Spot gold remained unchanged at $2,023.41 an ounce, and by 0232 GMT, US gold futures were down 0.2 percent, at $2,030.10. US consumer price …
Read More »European stocks declined with the decline in the Swedish SBB stock
European stocks fell on Tuesday, with Sweden’s SBB leading the losers after the company postponed its dividend, while investors remained wary ahead of important US economic data. The pan-European STOXX 600 index was down 0.2% by 0706 GMT, as investors awaited US consumer price data later this week for clues …
Read More »Japan stocks jump supported by strong corporate results
Japanese stocks rose on Tuesday, with the Nikkei index recording its highest closing level in 16 months, supported by a rise in steelmakers’ stocks on the back of strong corporate earnings. JFE Holdings jumped 14.5 percent, its biggest gain in 14 years, after Japan’s second-biggest steelmaker expected profits to rise …
Read More »Dollar is rising and the pound is near its highest level in a year
The dollar rose on Tuesday after a survey showed that credit conditions in the United States were less bleak than expected, while the pound sterling flirted with its highest levels in a year amid expectations that the Bank of England (central) will raise interest rates this week. Currencies were little …
Read More »Dow Jones maintains the same technical conditions 9/5/2023
Oil, Crude, trading
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