Gold prices extended gains to hit a month high on Thursday, July 15th, after US Federal Reserve Chairman Jerome Powell calmed concerns about an early easing of monetary support, sending the dollar and US Treasury yields down. Spot gold was up 0.3% at $1,831.70 an ounce, after hitting its highest …
Read More »Goldman Sachs: Saudi-UAE Deal to be a Bullish Catalyst For Oil
Goldman Sachs expected that an agreement between Saudi Arabia and the UAE regarding oil supplies would be a catalyst for a rise in prices in the coming months, as the American investment bank kept its Brent price forecast in the summer at $80 a barrel. An OPEC + source told …
Read More »The Euro Recovers From The Low of 3 And a Half Months After Fed
The euro moved away from its lowest level in more than three and a half months against the dollar on Thursday, July 15th after cautious comments from the US Federal Reserve chief, which limited the recent rise in Treasury yields. US Federal Reserve Chairman Jerome Powell said in testimony before …
Read More »US Yields Maintain Negative Levels
The yield on the benchmark 10-year Treasury remained around 1.3% in mid-July, still at the weakest level since February, down from 1.45% hit earlier during the month as investors digest the Fed’s cautious comments. Fed Chair Powell said further significant progress toward full employment and price stability remains elusive. He …
Read More »DAX is Negative And Waiting For Pending Orders
The movements of the German DAX index witnessed a bearish tendency, recording its lowest level during the previous trading session 15698. On the technical side today, there is a conflict between the negativity of the simple moving averages, the positive RSI attempts, and the stability of the intraday trading above …
Read More »Dow Jones And Negative Pressure Continue
Oil, Crude, trading
Read More »GBP/JPY: Trading Negatively
The British pound fell against the Japanese yen significantly during the previous trading session, touching the first target located at 152.10, recording its lowest level at 151.83. On the technical side, we tend to the negativity, relying on the negative pressure of the simple moving average and the stability of …
Read More »The Canadian Keeps Gains
The Canadian dollar maintained its gains within the bullish corrective slope, as we expected, touching the first target mentioned in the previous analysis, which is located at 1.2550, recording the highest level at 1.2550. From the technical analysis point of view today, we tend to the positivity, relying on the …
Read More »Sterling Presses Support And Negativity Needs Confirmation
Oil, Crude, trading
Read More »Oil is Back to Negativity And May Witness a Bearish Corrective Slope
Oil, Crude, trading
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