European stocks fell on Tuesday as investors became cautious ahead of a speech by Federal Reserve Chairman Jerome Powell after two US central bank monetary policymakers expected more interest rate hikes. The Stoxx Europe 600 index was down 0.7 percent by 0811 GMT, after hitting an eight-month high in the …
Read More »Nikkei closed at the highest level in two weeks supported by technology stocks
The Nikkei index of Japanese stocks closed at its highest level in two weeks on Tuesday, thanks to a jump in technology stocks, but caution ahead of the Bank of Japan meeting next week limited gains. The Nikkei index ended trading up 0.78 percent at 26,175.56 points, its highest level …
Read More »Dow Jones is facing negative pressure 10/1/2023
Oil, Crude, trading
Read More »CAD Canadian continues to decline gradually 10/1/2023
As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …
Read More »GBP: Looking for extra momentum 10/1/2023
Oil, Crude, trading
Read More »Oil back to settle below resistance 10/1/2023
US crude oil futures prices reversed the expected bearish trend mentioned in the previous analysis, in which we relied on trading stability at the time of writing the report below the resistance level of 75.60, explaining that if the level mentioned above is breached, oil prices may recover with the …
Read More »Gold needs to be watched 10/1/2023
Gold’s movements did not witness a significant change during the trading of the previous trading session, after several consecutive sessions of incline, to be able to touch the target to be achieved during the past week, 1880, which formed a strong supply point that it was unable to break until …
Read More »Euro is touching the official target of the bullish wave 10/1/2023
The euro-dollar pair witnessed a positive trading session within the expected bullish context. Accordingly, we relied on stability above the psychological barrier of 1.0600, reaching the official station targeted for the current bullish wave at 1.0740, recording its highest level at 1.0760. On the technical side today, we find there …
Read More »Market Drivers – European Session 9/1/2023
European stocks rose Monday, January 9, extending the year’s positive start to the year for a second week, as China reopened its borders and US and European data contributed to calming concerns about the strong tightening of monetary policy by central banks. The pan-European Stoxx 600 rose 0.3%. The index …
Read More »Biden declares a state of emergency in California due to storms
US President Joe Biden has adopted a declaration of a state of emergency in California due to storms that have killed at least 12 people over the past ten days and cut off power to hundreds of thousands of homes and businesses in the state. The White House said in …
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