The euro and the pound sterling fell to a one-month low against the US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated the need to raise interest rates. The dollar index rose 0.2 percent to 107.69, after earlier …
Read More »Oil heads for a weekly loss amid recession fears
Oil prices fell on Friday, after two days of gains, and are on track to post a weekly loss on pressure from the strong dollar and fears of a global economic slowdown. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. US …
Read More »European stocks fall on recession fears
European shares fell on Friday, heading for a weekly loss on fears that monetary policy tightening, inflationary pressures and an energy crisis could push the global economy into recession. The pan-European Stoxx 600 index was down 0.3 percent by 0721 GMT. Travel stocks led the declines. Among the stocks that …
Read More »Gold falls to its lowest level in 3 weeks
Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …
Read More »Japanese stocks fall
Japanese stocks gave up their gains and closed flat on Friday with the decliners that led the rally recently, while investors awaited a seminar by the Federal Reserve next week. The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent …
Read More »Dow Jones is forced to temporarily decline 19/8/2022
Oil, Crude, trading
Read More »CAD maintains positive stability 19/8/2022
Positive trading dominated the movements of the Canadian dollar after maintaining positive stability above the strong support floor at 1.2870, touching the required profit-taking order at the target of 1.2960, recording the highest level at 1.2967. Technically, we tend in our trading to the positive, relying on the stability of …
Read More »GBP: surrender against Usd 19/8/2022
Oil, Crude, trading
Read More »Oil: Making noticeable gains, Looking for momentum 19/8/2022
US crude oil futures prices jumped to achieve noticeable gains within the previously expected track during the previous report, exceeding the required official target 90.00, recording its highest level during the morning session of 91.00. Technically, by looking at the 4-hour chart, we find the simple moving averages returned to …
Read More »Gold continues to achieve our bearish goals 19/8/2022
Gold prices continue to lose within the expected bearish trend during the previous analysis. As a result, the price touched the required bearish targets at 1758 and 1753, recording its lowest level at 1753 during the Asian session of today’s trading session. On the technical side, and with careful consideration …
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