European shares rebounded during trading on Tuesday, September 28, as a jump in government bond yields pressured high-growth technology stocks, in addition to the emergence of new indications of a slowdown in the Chinese economy that cast a shadow on investor sentiment. The European STOXX 600 index fell 0.4%, declining …
Read More »Gold Awaits The Fed Chairman’s Testimony
Gold rose in Tuesday morning trading in Asia. However, a stronger dollar and higher US Treasury yields capped the yellow metal’s gains, and investors are waiting for more clues from US Federal Reserve officials about when they will start reducing asset purchases and raising interest rates. Gold futures were also …
Read More »Chip And Shipping Companies Push Japan Shares Lower
Japanese stocks closed lower on Tuesday, September 28, as heavy losses in chip and shipping makers outweighed investors’ hopes of a steady economic growth momentum under new political leadership in the run-up to the ruling party’s election. The Nikkei index fell 0.19%, to close at 30,183.96 points, after falling as …
Read More »German Dax Looking For Signals
Mixed trading dominates the movements of the German DAX index, trying to repeat the chances of the bullish attack to the upside, recording its highest price of 15,698. On the technical side today, and by looking at the 60-minute chart, we notice the RSI’s attempts to gain bullish momentum, in …
Read More »Dow Jones Exceeds The Extended Target
Oil, Crude, trading
Read More »GBP/JPY: Continue to Make Gains
GBP/JPY jumped within the expected positive outlook, touching the first target at 152.30, recording its highest level during the morning session of today’s session of 152.46. On the technical side today, with the pair getting a positive stimulus from the 50-day moving average, which is accompanied by positive signs on …
Read More »CAD Touches Goal
The Canadian dollar returned to the strong resistance located at 1.2670, which forced it to trade negatively again, heading to touch the first target of 1.2600, to record its lowest level at 1.2600 during the early trading of the current session. Technically, with the clear negativity on the stochastic indicator, …
Read More »GBP: Looking For Direction
Oil, Crude, trading
Read More »Oil Exceeds Goals And Achieves Gains
Oil, Crude, trading
Read More »Gold is Facing Technical Conflict
The yellow metal prices succeeded in touching the first target at 1741, recording its lowest price of 1742. Technically, and with careful consideration on the 4-hour chart, we notice a conflict in the technical signals between the attempts to obtain the RSI to gain bullish momentum on the short time …
Read More »