Gold prices moved in a narrow range on Friday in thin trade as cautious traders await economic data due later in the day to assess the Federal Reserve’s stance on an interest rate hike. By 0238 GMT, gold was stable at $1,792.80 an ounce. US gold futures rose 0.4 percent …
Read More »Japan’s Nikkei index closed lower, posting its biggest weekly decline since June
Japan’s Nikkei closed lower on Friday, posting its biggest weekly drop since mid-June, and chip-related stocks led Friday’s declines, trailing their Wall Street counterparts on Thursday. Shipping stocks and other economically sensitive stocks also plunged amid fears that the Federal Reserve and other major central banks will continue to tighten …
Read More »Dow Jones is under selling pressure 23/12/2022
Oil, Crude, trading
Read More »CAD stable below resistance 12/12/2022
The Canadian dollar declined during the previous trading session after it broke the bullish channel’s support and is now hovering around its lowest level during the early trading of the current session, 1.3620. Technically, looking carefully at the 240-minute chart, we find negativity still dominating the stochastic indicator, stimulated by …
Read More »GBP: negative pressure remains 23/12/2022
Oil, Crude, trading
Read More »Oil is making remarkable gains 23/12/2022
Positive trading dominated the prices of US crude oil futures contracts yesterday, achieving remarkable gains, reaching $79.87 per barrel. Technically, by looking at the 4-hour chart, the price continued to receive a positive sign from the simple moving averages that support the daily bullish price curve, in conjunction with the …
Read More »Gold is facing strong resistance 23/12/2022
Gold prices witnessed a bearish trend during the previous trading session, after it succeeded in touching the official target of the bullish wave around 1824, which formed a strong supply level that forced the price to decline, recording its lowest level of $1792 per ounce. On the technical side, today, …
Read More »Euro repeats breakout opportunities 23/12/2022
The Eurodollar pair’s attempts maintain the bullish context, trying to breach the strong resistance level at 1.0660, after it succeeded in building on the support 1.0570/10.580. Technically, and by looking closely at the 240-minute chart, the simple moving averages are trying to pressure the price from above. On the other …
Read More »Gold is moving in a narrow range ahead of US economic data
Gold prices moved in a narrow range on Thursday as cautious investors awaited US economic data due later in the day, which could affect the pace of the Federal Reserve raising interest rates. And gold recorded in instant transactions $ 1814.03 an ounce by 1118 GMT. And US gold futures …
Read More »Yen supported by the policy adjustment of the BoJ and dollar is declining
The yen rose on Thursday, back towards a four-month peak against the dollar hit this week after a surprise shift by the Bank of Japan on bond yield controls spurred bullish bets for the Japanese currency. The yen rose by 0.4 percent to 131.99 per dollar. It hit a four-month …
Read More »