The Japanese Nikkei index changed course and closed higher on Friday, as investors snapped shares in hopes of companies posting solid profits, despite selling in the broader Asian markets amid concerns about China strengthening its tough policy in the face of the Coronavirus. The Nikkei closed up 0.69 percent at …
Read More »European stocks are heading for the biggest weekly losses in two months
European shares fell on Friday, heading for their worst week in two months, after a sharp fall in Wall Street as investors feared a bigger interest rate hike would be needed to curb high inflation. The pan-European STOXX 600 index was down 0.6 percent by 0709 GMT, with the travel, …
Read More »German Dax breaks the support 6/5/2022
Oil, Crude, trading
Read More »Dow Jones returns to the official bearish trend 6/5/2022
Oil, Crude, trading
Read More »GBP/JPY: achieves the bearish target 6/5/2022
The pound against the Japanese yen noticeably declined within the bearish corrective context published during the previous analysis, touching the official target for the last analysis at 161.20, recording its lowest level at 160.47. Technically, today, we tend to the negativity, relying on the stability of trading below 162.30 and …
Read More »CAD Building on support and returns to recovery 6/5/2022
The Canadian dollar’s movements witnessed a bullish bounce during the previous trading session, clarifying the importance of the pivotal support floor located at 1.2710, which forced the pair to rally to the upside to visit 1.2860. From the angle of technical analysis today, and with careful consideration of the 4-hour …
Read More »GBP incurred strong losses 6-5-2022
Oil, Crude, trading
Read More »Gold hits pivotal resistance barrier 6/5/2022
Gold prices managed to achieve the first target required to be touched during the previous analysis, at 1910, recording its highest level at 1910. To remind, we indicated during the report issued yesterday that the price behavior of gold should be monitored around 1910 due to its importance to the …
Read More »The Euro is temporarily rising 6/5/2022
mixed trading Dominated the movements of the euro against the US dollar, approaching the realization of the idea of the temporary rise referred to during the previous analysis at a price of 1.0640, recording the highest level at 1.0640. From the angle of technical analysis today, and carefully looking at …
Read More »US: Weekly Initial Jobless Claims rise to 200K
There were 200,000 initial jobless claims in the US in the week ending on 30 April, according to the latest data released by the Department of Labour on Thursday. That was above expectations for a slight rise from 181,000 in the prior week to 182,000. That brought the four-week average number …
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