Negative trading dominated the movements of gold at the end of the last trading week after it retested the 1776 resistance level, which forced it to retreat to record significant losses around 1740. Technically, and by looking at the 240-minute chart, we notice the stability of the intraday trading below …
Read More »Euro Maintains The Bearish Trend
Sideways trading dominates the euro against the US dollar for several consecutive sessions, above the psychological support level of 1.1700 and below the resistance of 1.1750. On the technical side today, and by looking at the 4-hour chart, we notice the negative pressure coming from the 50-day simple moving average, …
Read More »Weekly Recap: 20-24 Sept
The Federal Reserve left rates unchanged after the end of the monthly meeting of the FOMC and stated that if progress in the economy continues as expected, we may see the start of reducing purchases sooner, as some members of the committee indicated that interest rates may rise soon after …
Read More »Live Stream: FOMC Chairman Jerome Powell Speaks at Fed Listens
https://youtu.be/kB3vK5-Dzlw
Read More »Citibank Predicts The Collapse of The Real Estate Sector in China
Experts at Citibank said Friday that the Chinese real estate market is expected to witness a strong downturn, regardless of what happens in the crisis of Evergrande, one of the largest real estate developers in China. Experts at Citibank added that the real estate sector will face downward pressure, despite …
Read More »The Evergrande Crisis Boosts Gold Amid USD Decline
Gold compensated some of its losses after declining 1% in the previous session, supported by the weakness of the dollar and the return of concerns about the fate of the Chinese company Evergrande to the fore, which strengthened the position of the yellow metal as a safe haven. And gold …
Read More »European Shares Fall as Concerns Grow Over Evergrande
European shares fell at the open, as concerns persisted over troubled Chinese real estate developer Evergrande, and China-exposed mining and retail stocks were among the biggest losers. The pan-European Stoxx 600 index fell 0.5%, after three days of gains. Mining, auto and retail stocks fell more than 1 percent. Investors …
Read More »Turkish Lira Near All-Time Lows After Interest Rate Cut
The Turkish lira approached an all-time low on Friday as foreign investors flocked out, but bargain hunting in the local market limited losses, a day after the central bank’s unexpected decision to cut interest rates while providing a little indication of how far it could fall. The lira, which has …
Read More »Japan Shares Jump With The Support of The Financial Sector
Japan’s shares jumped, in the last sessions of the week, supported by shares related to the economic cycle, due to hopes of achieving economic recovery, while investors expressed optimism that the repercussions of the debt crisis of China’s Evergrande Group would not affect the rest of the markets. The Nikkei …
Read More »Oil Continues to Rising For 4th Day in a Row on Supplies Concerns
Oil prices continued to rise for the fourth consecutive day due to global supply concerns following two hurricanes in the United States, but the first sale of government crude reserves in China temporarily limited this rise. Brent crude rose 12 cents, or 0.2 percent, to $ 77.37 a barrel, after …
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