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The Euro is Below Support

The single European currency failed to confirm breaching the major resistance level published in the previous analysis, at 1.1680, over several consecutive sessions, which forced it to trade negatively again. Technically, and by looking at the 4-hour chart, we notice the trading stability below the psychological support level of 1.1600. …

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Gold Hovers Near $1800 an Ounce

Gold prices approached levels of $1800 an ounce Monday, October 25th, which is considered an important level for investors, influenced by the dollar’s decline, and investors were preoccupied with assessing the possible response of the US Federal Reserve to inflationary pressures after its Chairman said that inflation may continue for …

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Market Drivers – Asian Session 25-10-2021

The Nikkei fell 204 points, or 0.71 percent, to close at 28,600.41 points, and it had fallen during the session to below 28,500 points, its lowest level in ten days. The broader Topix index fell 0.34 percent to 1995.42 points. Gold futures rose 0.16% to $1,799.01. While the dollar, which …

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