European shares rose to surpass three-week highs on Monday as fresh stimulus measures in China boosted optimism that began last week, while investors looked forward to more economic data this week, including inflation in Germany. And the authorities in Shanghai, the Chinese commercial center, will cancel many conditions imposed on …
Read More »Gold prices rise in volatile trading with the decline of the dollar
Gold prices rose in choppy trading on Monday, boosted by a weaker dollar, although some investors’ shift to riskier assets in Asia limited those gains. And gold rose in spot transactions 0.2 percent to $ 1856.86 an ounce at 0152 GMT. US futures rose 0.1 percent to $1,859.40 an ounce. …
Read More »Nikkei closes at the highest level in a month amid optimism about growth in China
Japan’s Nikkei index closed at its highest level in more than a month on Monday, boosted by equipment and technology shares, after stimulus measures in Shanghai and the easing of Covid-19 restrictions calmed fears of a sharp slowdown in China, the world’s second-largest economy. The Nikkei index rose 2.19 percent …
Read More »GBP/JPY: maintains positive stability 30/5/2022
Positive trading is still controlling the movements of the pound sterling against its Japanese counterpart within the expected bullish track during last Friday’s trading, reaching its highest level during today’s session at 160.65. On the technical side today, the bullish trend is still valid and active, with the pair’s success …
Read More »CAD confirms the break 30/5/2022
The Canadian dollar declined significantly within the expected negative outlook during the last analysis, explaining that the confirmation of the pair breaking the 1.2770 support level leads the pair to achieve losses at our target of 1.2710, recording its lowest level at 1.2695 during the early trading of the current …
Read More »GBP continues to rise gradually 30/5/2022
Oil, Crude, trading
Read More »Gold breaks through the resistance and resumes the rise 30/5/2022
Quiet positive trades dominated gold’s movements during the previous session’s trading. After retesting the strong support level at 1840 price, it returned within the bullish path, now stable around the session’s highest level around 1857 resistance. Technically, we explained yesterday that the condition for continuing the rise is cohesion above …
Read More »The Euro starts positively and hovers around a pivotal resistance 30/5/2022
The euro started its first weekly trading with a noticeable rise within the expected bullish context during last Friday’s analysis. It managed to breach 1.0670 resistance level, to reach its highest level during the morning trading of the current session at 1.0762. Technically, the euro is now hovering around the …
Read More »Financial Markets’ Weekly Recap, 23 – 27 May
Wall Street closed sharply higher on Friday, as signs of inflation peaking and then data on consumer spending increased investor optimism that the Federal Reserve would be able to tighten monetary policy without pushing the economy into recession. All three major US stock indexes halted their longest streak of weekly …
Read More »Oil heads for weekly gains amid global supply concerns
Oil prices fell on Friday, but they are on track to achieve weekly gains, supported by expectations of reduced supplies due to increased gasoline consumption in the United States during the summer, as well as the possibility of a European Union ban on Russian oil imports. By 1104 GMT, Brent …
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