Oil, Crude, trading

Oil, Crude, trading

The British pound against its Japanese counterpart touched the first bearish target published during the last analysis, at 160.30, recording its lowest price of 160.10. On the technical side today, by looking at the 60-minutes chart, we notice positive crossover signs that started appearing on the stochastic indicator and the …

The Canadian dollar achieved noticeable gains with the opening of the current trading sessions within the expected positive outlook, surpassing the second official target required to be touched during the previous technical report, 1.2980, recording its highest level at 1.3037 during the early trading of the current session. Technically, we …

Oil, Crude, trading

Gold prices declined noticeably within the expected bearish path during the previous analysis, touching the official target at 1850, recording the lowest price of 1851. Technically, and by looking at the 240-chart, we find limited positive attempts witnessed by the intraday movements due to hitting the support barrier represented by …

Attempts tended to the positive, witnessing the euro’s movements against the US dollar, building on the support level of the psychological barrier published in the previous analysis at 1.0500, to record a marginal rise to retest the 1.0590 level. On the technical side today, and with careful consideration on the …

The dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closings in China boosted the dollar’s safe-haven appeal. Against a basket of major currencies, the dollar index exceeded 104.19 for the first time since July 2002, continuing its rise by nine percent …

Japan’s Nikkei fell on Monday as US stock futures weakened and the prospect of an escalation of Russia’s offensive against Ukraine weighed on market sentiment. Fast Retailing, which operates Uniqlo stores, was among the biggest losers as China’s tightening of anti-Covid lockdowns worsened the country’s sales outlook. The Nikkei index …

European shares eased slightly in early trading on Monday, dragged down by a slump in the mining sector as investors worried about a sharp economic slowdown in China due to anti-Covid-19 restrictions while rising US bond yields kept technology stocks under pressure. The pan-European STOXX 600 index was down 0.1 …