European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …
Read More »Oil fell more than two dollars, as protests over Corona in China fueled concerns about demand
Oil futures fell more than $2 a barrel on Monday, with U.S. West Texas Intermediate crude falling to an 11-month low as protests in China, the largest oil importer, over tough COVID-19 restrictions fueled concerns about demand. Brent crude fell $2.16, or 2.6 percent, to trade at $81.47 a barrel …
Read More »Nikkei Index Falls Amidst Covid Fears in China
Japan’s Nikkei fell for the second consecutive session on Monday as protests in China over tough restrictions to combat the coronavirus hurt investor sentiment, while technology stocks fell in line with their Wall Street peers. The Nikkei index ended the day’s trading down by 0.42 percent, at 28,162.83 points. It …
Read More »CAD breaks through the resistance 30/11/2022
The Canadian dollar reversed the expected bearish trend during the previous analysis, in which we relied on trading remaining below the psychological resistance level of 1.3500, recording its highest level at 1.3646. From the point of view of technical analysis, the stability of trading above the previously breached resistance of …
Read More »GBP trying to stabilize above support 28/11/2022
Oil, Crude, trading
Read More »Oil extends its losses 28/11/2022
US crude oil futures prices continue to achieve heavy losses within the expected downside path, surpassing the official target required to be achieved during the last analysis at 74.80, recording its lowest level at 73.85. Technically, the downside wave is still valid and practical, with the continuation of the negative …
Read More »Gold hovering around support, waiting for a stronger trend 28/11/2022
A limited bearish bias dominated gold’s movements last Friday, aiming to retest the support floor published during the previous analysis at 1745, trying to stabilize above it. Technically, we tend to be positive, but with caution, depending on the stability of daily trading above the 1745 support level at 23.60% …
Read More »Euro retesting support 28/11/2022
Quiet trading tended to be negative, dominating the movements of the euro-dollar pair at the end of last week’s trading during the Thanksgiving holiday, to witness the current movements of the euro-dollar stabilizing around the lowest level during the early trading of the current session 1.0350. Technically, by looking at …
Read More »Weekly Recap: 21-25 Nov.
Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …
Read More »Gold’s luster fades with the rise of the dollar, but it is about to make a modest weekly rise
Gold prices fell on Friday, with the dollar restoring its upward trajectory, but expectations of a less sharp interest rate hike from the US Central Bank put the yellow metal on the path to achieving a small weekly gain. And gold fell in spot transactions 0.2 percent to $ 1751.49 …
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