European stocks opened higher on Friday after falling for two straight days as investors snapped up falling energy stocks, although hawkish comments from more Federal Reserve officials capped gains. The pan-European Stoxx 600 index was up 0.4% by 0813 GMT, with basic resources stocks rising 1.1%, after falling more than …
Read More »Dollar is on its way to achieve weekly gains
The dollar is heading for its best week in a month on Friday, as comments from Federal Reserve officials and stronger-than-expected retail sales data curbed the US currency’s slide after signs of easing inflation. It was also helped by Thursday’s 0.4 percent decline in the British pound after a British …
Read More »Annual inflation in Japan is at the highest level since 1991
Annual inflation in Japan rose in October to 3.7%, after it had recorded 3% in September, bringing it to the highest level since January 1991, in light of the rise in commodity prices and raw materials coinciding with the weakness of the yen. The biggest pressure came from food costs, …
Read More »Oil rises as the dollar declines, but the demand outlook casts a shadow
Oil prices rose Friday, November 18, with the decline of the dollar, but they are heading towards incurring weekly losses due to expectations that the pace of the sharp rise in US interest rates will not ease, as well as expectations of weak demand from China, the largest importer of …
Read More »Gold is rising, but it is still heading towards a weekly loss
Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …
Read More »Dow Jones: Selling pressure remains 18/11/2022
Oil, Crude, trading
Read More »CAD: to be watched closely 18/11/2022
The resistance levels published in the previous analysis at 1.3400 could limit the bullish tendency in the last session’s trading, which forced the pair to trade within the downside path again, recording its lowest level at 1.3305. Technically, negative pressure comes from the simple moving averages, accompanied by clear negative …
Read More »GBP building support 18/11/2022
Oil, Crude, trading
Read More »Oil: touches the target and confirms the break 18/11/2022
As we expected, US crude oil futures prices incurred significant losses during the last session’s trading within the negative outlook, surpassing the official target station at 82.10, recording its lowest price at $81.42 per barrel. Technically, oil confirmed breaking the support level of 82.00, and the current movements are witnessing …
Read More »Gold touches the bearish corrective target, may resume the decline 18/11/2022
Gold prices succeeded in realizing the idea of the expected bearish bias during the previous technical report, touching the first bearish target required to be achieved at 1755, recording its lowest level at $1754 per ounce. Technically, and with a closer look at the 4-hour chart, we notice the stability …
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