The Asian session was quiet and the Australian interest rate decision was the main driver of the session on Tuesday. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.10% during their November monetary policy …

Japanese stocks closed lower on Tuesday as investors were reluctant ahead of an important meeting of the US Federal Reserve, which may reveal more of its plans to scale back stimulus measures and raise interest rates. The Nikkei index fell 0.43 percent to 29,520.90 points, a day after it achieved …

The German DAX index witnessed positive trading within the expected bullish path, touching the first target at 15,780 and approaching the second target of 15,860, recording the highest of 15,840. Technically, we find the 50-day moving average that supports the rise, in addition to the positive signals coming from the …

Oil, Crude, trading

Negative trading dominated the pound’s movements against the Japanese yen within the expected bearish path, touching the target to be achieved around 155.00, recording its lowest level at 155.13. On the technical side today, we tend to be negative in our trading, relying on the stability below the previously broken …

The Canadian dollar maintained its limited gains that were achieved at the end of last week’s trading, after it succeeded in establishing a good support floor around the 1.2300 level, and is still hovering around its highest level during today’s early trading session 1.2390. Technically, we notice the return of …

Oil, Crude, trading

Oil, Crude, trading

Positive attempts for the yellow metal in the previous session, retesting the main resistance level at 1799, recording its highest level at 1795. Technically, and carefully looking at the 4-hour chart, we notice the 50-day moving average is still an obstacle for gold to achieve further rise. We also find …

Positive trading dominated the euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side today, the stability of the intraday trading is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports …