The Canadian dollar declined noticeably, canceling the expected positive outlook in the previous analysis, in which we relied on the stability of trading above the 1.2570 level. Accordingly, we indicated that any trading below 1.2570 will postpone the attempts to rise and put the pair under negative pressure to target …
Read More »The pound is building on psychological barrier support 21/4/2022
Oil, Crude, trading
Read More »Gold Trying to Rise 21/4/2022
Gold prices repeated their attempts to rise again, benefiting from stability above the 1940 support level, rebounding to the upside to retest the previously broken support level that turned into the 1959 resistance level. On the technical side, the 50-day simple moving average is still trying to pressure the price …
Read More »The euro attacks the resistance 21/4/2022
We adhered to intraday neutrality during the previous analysis, explaining that we prefer to monitor the price behavior of the pair around the 1.0770 support level, explaining that the pair’s success in building the level above, in addition to confirming the breach of 1.0840, leads the pair to recover, targeting …
Read More »The Japanese yen is at its lowest level in 20 years
The Japanese yen hit a new record low on Wednesday at a 20-year low after the Bank of Japan again intervened defending ultra-low interest rates in Japan, widening the spread with the United States as bond yields hit fresh new hard highs. The Bank of Japan again offered to buy …
Read More »Gold at its lowest level in two weeks, affected by US bond yields and the dollar
On Wednesday, gold prices fell to their lowest in nearly two weeks, weighed down by persistently higher US bond yields and the dollar. By 0741 GMT, spot gold fell 0.4 percent to $ 1941.40 an ounce, and US gold futures fell 0.7 percent to $ 1944.80. On Tuesday, the price …
Read More »US natural gas contracts jump 7%
The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …
Read More »Oil prices rebound after heavy losses, amid fears of a lack of supply
On Wednesday, oil prices made up for the heavy losses incurred in the previous session, with attention focused on the short supply from Russia and Libya, while data showed a decline in US inventories last week. Brent crude futures rose 66 cents, or 0.6 percent, to $ 107.91 a barrel …
Read More »Japanese stocks track Wall Street gains
Japanese stocks rose on Wednesday for a second straight session, as technology heavyweights tracked Wall Street’s overnight gains, while the yen’s recent decline helped boost automakers’ shares. The Nikkei index closed up 0.86 percent to 27,217.85 points, while the broader Topix index closed up 1.03 percent to 1,915.15 points. “US …
Read More »European shares rebound on profit boost
European shares rose on Wednesday after positive business results from food and beverage companies, but concerns about the war in Ukraine, slowing growth and rising revenue limited gains. The pan-European Stoxx 600 index rose 0.5 percent, with banking and food and beverage stocks gaining 1.3 percent each. Meanwhile, the mining …
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