European shares continued their recovery on Tuesday, boosted by gains in chemical, mining and oil stocks, with buyers emerging after heavy selling last week on recession fears. The pan-European Stoxx 600 index rose 0.8%, gaining for the third consecutive session, after hitting its lowest level in more than a year …
Read More »Nikkei climbs after falling to its lowest level in three months
Japan’s Nikkei index rose strongly on Tuesday after falling to its lowest level in three months, as investors welcomed the rise in US stock indices and the buying interest in cyclical decliners. The Nikkei ended trading on Tuesday, up 1.84% to close at 26,246.31 points, after rising as much as …
Read More »Oil prices rise amid market fears of supply shortage
Oil prices rose on Tuesday, recouping more of last week’s losses, while investors focused on the short supply of crude and fuel rather than the recession that could limit demand in the future. Brent crude futures rose 81 cents, or 0.7 percent, to $114.94 a barrel by 0703 GMT, adding …
Read More »Dow Jones may witness a positive session 21/6/2022
Oil, Crude, trading
Read More »GBP/JPY: Opening the door for more gains 21/6/2022
Positive trading continues to control the movements of the pound sterling against the Japanese yen, reaching the level of 166.22, maintaining positive stability. Technically, we are inclined to the positive, but cautiously, relying on a pivot above the 164.70 support floor, along with the pair obtaining a positive stimulus from …
Read More »CAD: starts on the negative 21/6/2022
The movements of the Canadian dollar witnessed several consecutive sessions of ascending to find the pair collided with the resistance level of the psychological barrier 1.3000, which pressures the current intraday movements to the downside. From the technical analysis point of view today, and with a closer look at the …
Read More »GBP: retested support 21/6/2022
Oil, Crude, trading
Read More »Gold establishes a support floor 21/6/2022
Gold prices found a good support level around 1833 over several consecutive sessions, unable to break the mentioned level, trying to hold on to its ascending path, and it is now hovering around its highest level during the early morning trading of 1840. On the technical side, stochastic is trying …
Read More »The euro is trying to build on the support 21/6/2022
Quiet trading tilted to the positivity that dominated the movements of the euro against the US dollar amid the absence of US markets yesterday to find the pair trying to establish a support floor around 1.0470, which forced it to rebound to the upside. Technically, the current moves are witnessing …
Read More »Oil prices stabilize as the market balances recession fears and tight supplies
Oil prices stabilized on Monday, after struggling to recoup last week’s losses, as the market worked to balance tight supplies and fears of slowing global economic growth. Brent crude futures were down 38 cents, or 0.3 percent, at $112.74 a barrel. Brent prices fell 7.3% last week, the first weekly …
Read More »