On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday. The dollar rose 0.28 percent against the yen at 143.58, after …
Read More »European shares rise after a big sell-off
European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …
Read More »Japan shares rise at the close after an intense sell-off
Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …
Read More »Dow Jones touches target and eyes on US retail 15/9/2022
Oil, Crude, trading
Read More »CAD continues to climb 15/9/2022
The technical outlook is unchanged, and the movements of the Canadian dollar did not change much, maintaining the positive stability we expected after it confirmed the breach of the 1.3120 resistance level. Technically, and with a careful look at the 4-hour chart, we find the simple moving average has returned …
Read More »GBP: Waiting for confirmation of breaking the support 15/9/2022
Oil, Crude, trading
Read More »Oil is making remarkable gains 15/9/2022
We adhered to intraday neutrality during the previous report for the second consecutive session due to the conflicting technical signals, to witness the movements of US crude oil in a positive trading session, as activating the buying positions requires a breach of 87.10, targeting 88.10 and 89.00 respectively, to record …
Read More »Gold: Selling pressure continues 15/9/2022
The technical outlook is unchanged, and there was no change in gold’s movements, maintaining the negative stability below the $1700 level per ounce, to start today’s session with a stable bearish tendency around its lowest level during the early trading of the current session at 1690. Technically, the simple moving …
Read More »Euro continues its gradual decline 15/9/2022
Limited positive attempts dominated the euro’s movements against the US dollar, and it failed to maintain these gains above the parity point 1.0000, to start declining again, maintaining the same technical conditions of the previous report. Technically, the simple moving averages are still pressing the price from above, in addition …
Read More »US Retail Sales Preview
The US Census Bureau will release the August Retail Sales report on Thursday, September 15 at 12:30 GMT, and as we get closer to the release time, here are the forecasts of economists and researchers of three major banks regarding the upcoming data. Commerzbank “The drop in gasoline prices is …
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