Gold prices rose on Thursday, as investors assessed the chances of the Federal Reserve slowing the pace of raising interest rates, while the rise of the dollar curbed the gains of the yellow metal. And by 0252 GMT, gold in instant transactions increased 0.1 percent to $ 1906.01 an ounce. …
Read More »Jacinda Ardern resigns as prime minister of New Zealand
New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …
Read More »European stocks are heading to end their series of gains due to slowdown fears and weak earnings
European stocks were heading on Thursday to halt a series of consecutive gains over six sessions, after lackluster US economic data stoked fears of a global economic slowdown, and investor sentiment was also affected by non-negative European corporate earnings. The pan-European Stoxx 600 index was down 0.6 percent by 0815 …
Read More »Nikkei index retreating, Yen’s rise is putting pressure on export companies
On Thursday, the Japanese Nikkei index recorded the largest decline in two weeks, retreating from its highest level in a month, with the fading effect of the Bank of Japan’s decision to maintain its stimulus policies, as well as the rise in the yen, which pressured the shares of export …
Read More »Dow Jones deepens its losses 19/1/2023
Oil, Crude, trading
Read More »CAD: starting an upward rebound 19/1/2023
The Canadian dollar was able to touch our awaited target during the previous analysis at 1.3350, recording yesterday’s low at 1.3350, to start a bullish bounce as a result of touching the support represented in the target. Technically, the pair formed a bullish rebound to the upside, and the current …
Read More »GBP is the best performer against the dollar 19/1/2023
Oil, Crude, trading
Read More »Oil is outside the ascending channel pivots 19/1/2023
Significant gains were achieved by US crude oil futures prices within the positive outlook, as we expected yesterday, touching the first target of 81.70, and recording a high of 82.35. Technically, oil prices collided with a strong resistance level of 82.40, which forced it to trade with strong negativity, so …
Read More »Gold needs a negative motive to confirm the corrective downside wave 19/1/2023
Gold failed to achieve the expected bearish target mentioned in the previous technical report, in which we relied on the stability of trading below the 1903 level, explaining that the return of trading stability above 1911 negates the proposed scenario. As a result, gold regained the main bullish path, waiting …
Read More »Euro is waiting for a new price movement 19/1/2023
The single European currency achieved our expected bullish target during the previous session’s trading, which was at 1.0870 and recorded its highest level at 1.0887. Technically, we notice that the level of 1.0880 formed strong resistance on the EUR/USD pair and forced it to decline marginally to the downside so …
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