The Asian session was quiet and markets are waiting for the Fed today. The dollar index was flat at 94.11, close to the 2021 peak of 94.563 hits last month. Against the euro, the dollar also settled at 1.1579, near the low of 1.1522 recorded in October, which was the …

The dollar hovered near recent peaks against the euro and the yen on Wednesday as investors awaited the Federal Reserve’s start to scale back pandemic-era stimulus and how Chairman Jerome Powell handled inflationary pressures. The dollar index settled little changed at 94.11, close to the 2021 peak of 94.563 recorded …

Gold fell Wednesday morning in Asia, focusing squarely on the latest US federal policy decision. Investors are preparing to assess the US central bank’s plans to combat rising inflation and allay concerns about the economic recovery from COVID-19. Gold futures were down 0.30% at $1,784.05 by 11:29 PM. The Fed …

The German DAX index surged during the previous session, surpassing the official target at 15,910, recording its highest level of 15,948. Technically, the daily trend is bullish due to the stability of intraday trading above the 15,830 support level, accompanied by the positive motive for the 50-day moving average and …

Oil, Crude, trading

The pound declined against the yen within the expected bearish path, touching the first target we mentioned at 154.70, recording the lowest price at 154.65. Technically, we are inclined to the negativity in our trading, depending on the bearish technical figure shown on the chart, in addition to the negative …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective context referred to during the previous analysis after it succeeded in building on the support floor of 1.2300, recording the highest price at 1.2414. Technically, we notice the return of the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The pivotal resistance at 1799 managed to put selling pressure on gold prices, heading towards touching the first awaited target at 1781, recording its lowest level at 1779. Technically, we notice the continuation of the clear negative pressures on the simple moving averages, and we find the 50-day moving average …