Gold prices rose marginally on Wednesday, despite the strength of the US dollar and speculation that the Federal Reserve will raise interest rates soon, keeping the metal below $1800. Spot gold rose 0.3% to $1,794.96 an ounce by 02:39 GMT, after losing 1.4% on Tuesday to its lowest since November …
Read More »Market Drivers – Asian Session 24-11-2021
Japan’s Nikkei index fell at the end of trading on Wednesday, after shares of companies that are expected to achieve high growth suffered losses amid investors’ fears that the Federal Reserve may accelerate policy tightening to counter the rising inflation risks. The Nikkei index closed down 1.58 percent at 2,9302.66 …
Read More »Nikkei Closes Lower on Investors Fear
Japan’s Nikkei index fell at the end of trading on Wednesday, after shares of companies that are expected to achieve high growth suffered losses amid investors’ fears that the Federal Reserve may accelerate policy tightening to counter the rising inflation risks. On Monday, US President Joe Biden re-nominated Jerome Powell …
Read More »Dax Makes Repeated Attempts to Rise
The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860. Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for …
Read More »Dow Jones Building on Support
Oil, Crude, trading
Read More »GBP/JPY: Maintains Bullish Trend
The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22. On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear …
Read More »The Canadian Dollar Around Targets
The Canadian dollar could trade within the bullish correction tendency indicated during the past weeks, recording the highest level at 12745. However, the intraday movements are witnessing temporary adverse movements that hit the resistance level 1.2730 23.60% correction. Technically, and carefully looking at the 4-hour chart, we notice that the …
Read More »The British Pound is Heading Down
Oil, Crude, trading
Read More »Oil Trims its Losses
Oil, Crude, trading
Read More »Gold Extends Losses
Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …
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