Positive trading continued to control the movements of the Canadian dollar during the previous trading session, heading to visit the first official target to be achieved yesterday at the price of 1.3845, recording its highest level of 1.3845. Technically, we are leaning towards positivity, relying on trading stability above the …
Read More »JPY touches the desired target 27/10/2023
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Read More »GBP: Negativity Remains 27/10/2023
Oil, Crude, trading
Read More »Oil is trying to recover 27/10/2023
During the previous trading session, Mixed trading dominated US crude oil futures. The price recorded its lowest level around $82.70 per barrel after an attempt to consolidate above $85.35. Technically, when we look closer at the 240-minute time frame chart, we notice the 50-day simple moving average trying to push …
Read More »Euro may resume bearish bias 27/10/2023
A downward trend within the expected bearish path dominated the EURUSD pair’s movements. It approached the first target of 1.0500 and posted its lowest level at 1.0520. The technical aspect today indicates the possibility of resuming the bearish tendency, relying on the stability of intraday trading below the resistance level …
Read More »European stocks decline after weak results
European stocks fell on Thursday due to rising US Treasury yields and a series of weak earnings reports, before the European Central Bank announced its monetary policy decision later on Thursday. By 0707 GMT, the European STOXX 600 index fell 1.1 percent following Wall Street’s decline on Wednesday, with long-term …
Read More »Nasdaq suffers huge losses 26/10/2023
Oil, Crude, trading
Read More »Dow Jones: Negative pressure exists 26/10/2023
Oil, Crude, trading
Read More »CAD touches rising targets 26/10/2023
The Canadian dollar jumped and achieved significant gains yesterday, as we expected. It reached the official target station at 1.3815 and recorded its highest level at 1.3818. Technically, we are leaning towards the positive, relying on the pair’s success in establishing a good support ground around 1.3760. In addition, the …
Read More »JPY break through the psychological barrier resistance 26/10/2023
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