Gold prices rose on Wednesday, August 18, to approach a two-week high, as demand for the yellow metal, which is considered a safe haven, was boosted by growing concerns about the fast-spreading delta strain of Covid-19 and its economic impact. Spot gold rose 0.4% to $1,792.42 an ounce, after hitting …

Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

Negative trades dominated the movements of the German DAX, touching the first target of 15,810 and approaching by a few points from the second target 15,770, to post a low of 15,799. On the technical side, we tend to be negative, but cautiously, relying on the stability of the intraday …

Oil, Crude, trading

Negative trading dominated the movements of the pound sterling against the Japanese yen, to record its lowest level during yesterday’s session 150.35. On the technical side today, the current movements are witnessing a slight bullish slope due to the positive crossover signs that started appearing on the stochastic indicator. We …

The Canadian dollar provided positive trading, maintaining the positive stability, as we mentioned during the previous analysis, touching the official target of 1.2620, recording its highest level at 1.2650. Technically, the pair succeeded in establishing a good support floor around 1.2570, as we note that the 50-day moving average is …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target required to be achieved during the previous analysis, which is located at 1794, recording its highest level at 1795 and approaching the official target by a few points at 1799. On the technical side today, and with careful consideration on the 4-hour …

The single European currency declined significantly during the previous trading session, within the negative outlook, as we expected, touching the official target station at 1.1700. Technically, the pair succeeded in confirming the breach of the 1.1760 support level, which is now turned into a resistance level that supports the negativity …