Positive moves dominated the German DAX index’s movements yesterday, building on solid support floor 14200, which we previously mentioned as one of the most important directional keys. On the technical side, the 50-day simple moving average has returned to hold the price from below, as we find the 14-day momentum …
Read More »Dow Jones continues to rebound upwards 25/3/2022
Oil, Crude, trading
Read More »CAD Continues to be negative 25/3/2022
Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …
Read More »British Pound retests support 25/3/2022
Oil, Crude, trading
Read More »Gold Touched The Target 25/3/2022
Gold prices maintained their gains as we expected to reach the official target at 1960, recording its highest level of 1966.00. Today’s technical vision indicates the possibility of resuming the rise, with the price confirming the breach of the 1943 resistance-into-support level and the positive signals coming from the 14-day …
Read More »The euro is trying to build on support 25/3/2022
The EUR/USD pair moved in the expected bearish path, but it did not show solid movements for two consecutive sessions, trying to build on 1.0960 support level. Technically, despite the pair’s attempts to achieve some bullish rebound, benefiting from the pivot on the 1.0960 support floor, we also find that …
Read More »US announces new sanctions on Russia’s Duma, oligarchs and defense sector
According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …
Read More »US: Weekly Initial Jobless Claims Fall to 187K
There were 187,000 initial jobless claims in the US in the week ending on 19 March, less than the 212,000 expected and below the week prior, when there were 215,000 claims (revised up from 214,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving …
Read More »European shares rise as concerns grow over Ukraine
European shares opened higher on Thursday, supported by gains in low-risk sectors, on fears of a worsening crisis in Ukraine as Western countries plan more sanctions on Russia. The pan-European Stoxx 600 index rose 0.2 percent, with utilities and consumer goods companies leading the way. Raw materials stocks fell 0.3 …
Read More »The dollar rises and the yen falls to its lowest level since 2015
The dollar rose on Thursday as oil prices stabilized and commodity-linked currencies gave up some of their gains, while the yen plunged to its lowest level since 2015. The turmoil prevailed in stock markets and struggled to achieve gains in Asian trading, as investors exercised more caution after hawkish comments …
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