Gold prices moved in a narrow trading range on Thursday, as caution dominated the markets due to the Russian-Ukrainian conflict and ahead of the release of US inflation data that may provide new indications on the monetary policy situation at the Federal Reserve (the US central bank). Spot gold fell …
Read More »German DAX sees strong selling 24/3/2022
In the previous session, the German DAX index experienced strong selling after it failed to maintain trading above 14,400 levels to record the lowest at 14,212. Technically, by looking at the 4-hour chart, we notice the negative pressure leading from the 50-day moving average, accompanied by the clear negative signs …
Read More »Dow Jones tests the strength of support 24/3/2022
Oil, Crude, trading
Read More »CAD touches the first target 24/3/2022
As was expected during the previous analysis, the Canadian dollar touched the first bearish target at 1.2560, recording the lowest price at 1.2542. Technically, the pair’s current moves are witnessing bullish rebound attempts, benefiting from the intraday stability above 1.2560, accompanied by clear positive signs on the 14-day momentum indicator …
Read More »British Pound retests support 24/3/2022
Oil, Crude, trading
Read More »Gold build on support 24/3/2022
We adhered to intraday neutrality during the technical report yesterday due to the conflicting technical signals, explaining that we are waiting to confirm the break of 1925 or 1942, so that gold prices will witness a bullish tendency after it succeeded in attacking the 1942 resistance approaching the first target …
Read More »The euro is moving in a negative direction 24/3/2022
Slow sideways movements tend to dominate EUR/USD negatively, and the intraday movements are still stable below the resistance level 1.1060/1.1050, unable to break it. Technically, despite the pair’s attempts to achieve some bullish bounce, we still believe that the bearish trend is the most likely, relying on the stability of …
Read More »Inflation Fears Control The Markets
Inflation fears pushed bond yields higher, with bonds posting record losses, as traders flocked to stocks. But futures contracts for US indices such as the Dow Jones, S&P 500, and Nasdaq, headed lower. Oil prices also remained volatile with pressure. Investors today seem to be thinking about the distribution of …
Read More »Oil rises in turbulent trading after Caspian Sea pipeline disruption
Oil prices rose in volatile trading on Wednesday due to disruptions in crude exports from Russia and Kazakhstan via the Caspian Sea pipeline. The price of Brent crude futures rose $3.13, or 2.7 percent, to record $118.61 a barrel. The price had fallen earlier to 114.45 dollars a barrel. The …
Read More »Gold Rises as Its Attractiveness Increases Due to the Ukrainian crisis and inflation fears
Gold prices rose on Wednesday as investors looked for a shield in the face of sharply rising inflation and the uncertainty that events in Ukraine are imposing on the markets, and falling US bond yields provided support for the yellow metal. And gold rose in spot transactions 0.6 percent to …
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