The US dollar index, which measures its performance against a basket of six major currencies, declined 16 points during today’s trading, to record 95.87 points, and traded during the day in a range between 95.87 and 96.14 points, thus 0.93% lower than its levels five days ago. The dollar received …
Read More »The United States Intends to Postpone The Trade Agreement With Britain
The US Financial Times revealed on Wednesday that the United States intends to announce the postponement of the trade agreement with Britain, under which the tariffs on steel and aluminum coming from Britain, which had been imposed by former US President Donald Trump, would be removed. The American newspaper pointed …
Read More »European Shares Slip as Technology And Tourism Stocks Fall
European shares fell on Thursday, following in the footsteps of US stocks Wednesday night, due to uncertainty regarding the coronavirus pandemic and the prospect of an early interest rate hike. The pan-European STOXX 600 index was down 1.1 percent, after experiencing its best session in nearly six months on Wednesday. …
Read More »Market Drivers – Asian Session 2-12-2021
The market’s eyes are still fixed on the headlines of the coronavirus mutant, Omicron. Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down …
Read More »Gold Loses its Luster After Fed’s Statements
Gold prices fell on Thursday as investors expected the Federal Reserve (the US central bank) to scale back its bond-buying program faster to counter soaring inflation despite economic concerns over the spread of the new mutated Omicron. Gold fell in immediate transactions 0.3 percent to 1777.87 dollars an ounce (an …
Read More »Japanese Stocks Close Lower on Omicron Fears
Japanese stocks closed lower Thursday, December 2, weighed by concerns about the economic impact of the new mutated Omikorn outbreak of the coronavirus and the Federal Reserve’s shift in monetary policy. The Nikkei index closed down by 0.65%, recording 27753.37 points, falling by 1.04% earlier in the session. The broader …
Read More »GBP/JPY: Trying to Rise
Positive attempts for GBP/JPY within the bullish corrective path published in the previous analysis, within a gradual ascent towards the target 151.80, only to record the highest 151.45. Technically, and carefully considering the short time frames, we find the 50-day moving average trying to push the price to the upside, …
Read More »Canadian Continues to Advance
The Canadian dollar was able to touch the support level as we expected during the previous analysis, around the 1.2710 support level, to return to the bullish rebound stable intraday above the psychological barrier of 1.2800. From the technical analysis point of view today, the bullish trend is still valid …
Read More »The Pound is Trying to Consolidate
Oil, Crude, trading
Read More »Oil Resumes Its Decline
Oil, Crude, trading
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