Negative trading dominated the Canadian dollar’s movements during the previous trading session after it succeeded in stabilizing temporarily below the 1.2600 support level. From the technical analysis, the current moves are witnessing attempts to rise. However, the price is back to stability above the 1.2600 support level, accompanied by attempts …
Read More »The British Pound Retesting The Resistance
Oil, Crude, trading
Read More »Oil Touches The Extended Target
Oil, Crude, trading
Read More »Gold Hit The Resistance
Gold recorded rebound attacks to the upside during the previous trading session to retest the 1770 resistance level after recording its lowest level at 1747. Today’s technical vision indicates the possibility of resuming the bearish bias based on the negative pressure of the 50-day moving average, in addition to the …
Read More »The Euro Continues to Decline Against The Dollar
The resistance levels published during the previous analysis, at 1.1640, were able to cap the attempts to rise in the euro against the US dollar, which forced it to decline again. Technically, and by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the …
Read More »The Dow Jones Down More Than 100 Points in Pre-Opening Trading
US stock futures fell on Monday as investors prepared for the first full week of October trading, Dow futures fell 124 points or 0.4%, S&P 500 futures fell 0.4% and Nasdaq 100 futures lost 0.5%. Technology stocks including Nvidia and Zoom Video are down slightly in pre-market trading as investors …
Read More »US Bond Yields Stabilize Below Their High Levels
The yield on the benchmark 10-year Treasury was at 1.49% in the first full trading week of October, below a 3-month high of 1.56% last week, as traders continue to digest the prospects for an early Fed tightening despite ongoing inflationary pressure. Last week, Fed Chair Powell said at the …
Read More »Gold Falls as The Dollar’s Bleeding Stops
Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation. Spot gold fell 0.5% to …
Read More »Eurozone Investor Sentiment Drops to a Six-Month Low
A survey showed on Monday, October 4th, that investor sentiment in the eurozone fell for the third consecutive month in October and reached its lowest level since April amid a lackluster economic outlook. The Sentix index for the eurozone fell to 16.9 from 19.6 in September. A Reuters survey had …
Read More »Turkish Inflation Rises to The Highest Level Since March 2019 in September
Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%. On a monthly basis, the Turkish Statistical …
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