Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its …

Oil, Crude, trading

Oil, Crude, trading

Notable gains dominated the Canadian dollar’s movements with the opening of last week’s trading after it succeeded in bouncing on the 1.2700 support floor, heading towards touching the official station that needs to be touched in the previous technical report at 1.2830, recording its highest level at 1.2827. Technically, we …

Oil, Crude, trading

Gold prices declined significantly since the beginning of this week’s trading within the expected bearish path mentioned in the last technical report; trading below the pivotal support floor extends losses to visit 1907, recording its lowest level during the current week of 1891. On the technical side today, and by …

As was expected during the last report, the single European currency continued losses against the US dollar, exceeding the station required to be achieved at 1.0680, recording its lowest level at 1.0638. Technically and by carefully considering the 4-hour chart, we notice the continuation of the negative pressure of the …

The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …

Gold prices rose on Tuesday as investors sought safe assets amid concerns about global growth and rising inflation, but bets on sharp US interest rate hikes kept the yellow metal close to its four-week low hit in the previous session. Spot gold rose 0.3 percent to $1,903.70 an ounce by …