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 …
Read More »European Stocks Rise, Supported by Commodity Prices
European shares rose on Monday, led by mining and energy stocks as commodity prices rose, while investors awaited a series of business results, as several giant companies are scheduled to announce their results this week. The pan-European Stoxx 600 index rose 0.02% by 0707 GMT after Asian indices rallied slightly. …
Read More »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 …
Read More »Nikkei closes lower due to weak earnings
Japanese stocks closed lower on Monday after disappointing earnings, and semiconductor-related stocks were among the biggest decliners, tracking declines in US technology shares on weak earnings and concerns about Fed tapering. The Nikkei fell 204 points, or 0.71 percent, to close at 28,600.41 points, and it had fallen during the …
Read More »German Dax Starts Negative
The German DAX index found a strong resistance level around 15590, which forced it to trade negatively from retesting the 15و470 support level and hovering around this level with the opening of the first weekly sessions. Technically, we notice the clear negative signs on Stochastic, which started to lose the …
Read More »Dow Jones is Facing Negative Pressure
Oil, Crude, trading
Read More »GBP/JPY: Touches The Target of The Bearish Correction
Negative trades dominated the GBP/JPY, within the bearish correction as expected, touching our target at 156.00, recording the lowest level at 155.93. Technically, we tend to be negative, relying on trading below 156.50 level, accompanied by the RSI gaining more bearish momentum over the short time frames. Therefore, we are …
Read More »The Canadian Re-tests The Resistance
The pivotal support level mentioned in the previous analysis managed to limit the bearish tendency seen in CAD during the past week, to cap the bullish bounce within the expected technical outlook, through which we targeted a retest of 1.2380, recording a high of 1.2390. Technically, and by looking at …
Read More »The Pound Touches Goal
Oil, Crude, trading
Read More »Oil Breaks Through Resistance
Oil, Crude, trading
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