Japan’s Nikkei index closed at a 14-month low on Thursday, dragged down by technology heavyweights after the Federal Reserve chief indicated his intention to steadily raise interest rates. The Nikkei fell 3.11 percent to close at 26,170 points, its lowest since November 24, 2020. The index, which fell for the …

The German DAX index witnessed a negative trading session after it found negative pressure to hit the resistance level 15,540, which forced it to retest 15,185. On the technical side, today, we tend to the negativity, considering that the RSI gained more bearish momentum due to stabilizing below the mid-line …

Oil, Crude, trading

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …

Oil, Crude, trading

Oil, Crude, trading

Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …

The single European currency succeeded in touching the goals mentioned in the previous report at 1.1220, recording its lowest level during the early trading of the current session at 1.1220. Technically, looking at the 4-hour chart, we notice the negative pressure of the simple moving averages that support the bearish …

The US Federal Reserve will announce its monetary policy decisions on Wednesday, January 26 at 19:00 GMT, and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 4 major banks. Wells Fargo “We highly doubt the FOMC will start the …