Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections. The Nikkei index rose 2.04% to 29,128.11 points, …

Due to the conflicting technical signals, we remained neutral during the previous session to witness the current movements of the German DAX index with an upward bias. On the technical side, trading today settled above the support level 15,760/15,750, accompanied by the index getting an incentive from the 50-day moving …

Oil, Crude, trading

The bullish trend dominated the movements of the pound sterling against the Japanese yen within the positive outlook as we expected, touching the first target 151.80 and approaching by a few points from the second target 152.40, only to record the highest level of 152.30. Technically, the current moves are …

The Canadian dollar failed to maintain trading above the strong support level published in the previous report at 1.2580; we made it clear that breaking the mentioned level extends the pair’s losses and puts the price under negative pressure to touch the first descending target of 1.2550, recording the lowest …

Oil, Crude, trading

Oil, Crude, trading

Gold prices continue to move sideways for the fourth consecutive session, trying to maintain the bullish bias. Technically, and with careful consideration of the 4-hour chart, we find the 50-day moving average that supports the bullish curve in prices, in addition to the stability of trading in general above the …

Positive trading dominated the euro’s movements against the US dollar within the expected bullish context during the previous analysis, touching the official target to be achieved at 1.1880, recording the highest level at 1.1884. Technically, the stability of trading above the intraday level above 1.1840/1.1820 supports the continuation of the …

There were 340,000 initial claims for unemployment benefits in the US during the week ending August 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 354,000 (revised from 353,000) and came in slightly better than the market expectation …