Gold rose from its lowest level in five months on Friday, as the dollar and bond yields fell, but the yellow metal is heading for another weekly decline, as encouraging data from the United States reinforced expectations that the Federal Reserve is not finished raising interest rates. Spot gold rose …
Read More »European stocks open lower as interest rate pressures and China’s economy mount
On Friday, August 18, European stocks opened lower and are on their way to record a weekly loss, as risk appetite was negatively affected by concerns about interest rates remaining high globally for a longer period, as well as concerns about the growth of the Chinese economy. And by 07:03 …
Read More »Dollar is heading for gains for the fifth week
The dollar is heading for gains for the fifth week against other major currencies, to record the longest series of gains in 15 months, supported by expectations that US interest rates will remain high for a longer period and by turning to safer assets as a result of concerns about …
Read More »Nasdaq continues to lose ground 18/8/2023
Oil, Crude, trading
Read More »Dow Jones continues to achieve downward targets 18/8/2023
Oil, Crude, trading
Read More »CAD testing support 18/8/2023
Limited negative trades dominated the movements of the Canadian dollar during the previous trading session to find the support level of the psychological barrier that managed to limit the bearish tendency so that the pair maintained the positive path. From the point of view of technical analysis today, the 50-day …
Read More »JPY between trend and correction 18/8/2023
japanese-yen
Read More »GBP to be monitored 18/8/2023
Oil, Crude, trading
Read More »Oil may resume the bearish correction 18/8/2023
The price of US crude oil futures witnessed an upward trend yesterday after several successive sessions of decline, benefiting from the support of the psychological barrier at 79.00 to provide some bullish bounce to retest the $81.00 level. Technically, looking closely at the 4-hour chart, we find the price stable …
Read More »Gold is gradually approaching the official target 18/8/2023
Gold prices reached the official target station during the previous technical report at 1885, recording its lowest level at $1885 per ounce. On the technical side, prices tried to take advantage of the support represented by the 1885 target to achieve some bullish rebound. However, it is still limited, and …
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