European stocks fell on Tuesday as investors weighed more corporate results and comments from European Central Bank policy makers on interest rate expectations. The European Stoxx 600 index fell 0.4 percent by 0718 GMT, affected by the decline in the mining and banking sectors, 1.8 percent and 1.5 percent, respectively, …
Read More »Japan’s Nikkei index touches an 8-month high
Japanese stocks rose slightly on Tuesday, with the Nikkei index touching an eight-month high, amid optimism about the results of a group of companies and the expansion of government subsidies for chip production. Momentum eased in the afternoon session, dragged down by steel producers amid indications of weaker demand from …
Read More »China’s gold production recovered to pre-pandemic levels and demand jumped
China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …
Read More »GBP touches the required target 25/4/2023
Oil, Crude, trading
Read More »Oil tests the resistance 25/4/2023
Mixed trading dominated the movements of US crude oil futures contracts, invalidating the bearish scenario published during the previous analysis to return to stability again above the level of 77.80, explaining that breaching the mentioned level can nullify the bearish scenario. As a result, oil prices rise to around 78.80, …
Read More »Gold is starting to lose momentum 25/4/2023
Gold’s movements witnessed attempts to rise during last Monday’s trading to delay the activation of the corrective decline mentioned in the previous technical report, in which we relied on the stability of trading below the 1992 resistance and in general, below 1997. Technically, and by looking at the 4-period chart, …
Read More »Euro is breaking through the resistance 25/4/2023
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, in addition to confining trading within an occasional path, explaining that stepping up to the resistance level of the psychological barrier 1.1000 leads the euro to visit 1.1060, to activate the pending buy order scenario, …
Read More »Strong Euro nears nine-year high versus Japanese yen
At the start of a week that includes a widely awaited Bank of Japan meeting and the final few data releases before the Federal Reserve and European Central Bank make rate decisions in early May, the euro edged up a bit and the Japanese yen weakened. The euro was trading …
Read More »German business sentiment improved slightly in April
Business sentiment in Germany rose slightly in April, a survey showed on Monday, supported by improved business expectations, adding to positive indicators as Europe’s largest economy hopes to avoid a recession in the winter months. The Ifo Institute stated that its business climate index read 93.6, after a revised reading …
Read More »Dollar is rising after its recent losses, with anticipation of interest rate decisions
The dollar rose on Monday to stabilize its price after the recent losses it suffered a week ago when investors await the Bank of Japan meeting and the issuance of the latest data before the decisions of the Federal Reserve and the European Central Bank on interest rates in early …
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