On Friday, the dollar briefly touched the 150 level against the closely watched yen, supported by a rise in US 10-year Treasury bond yields towards 5 percent after Federal Reserve Chairman Jerome Powell indicated that there was room to implement further interest rate hikes. The yield on ten-year US Treasury …
Read More »European stocks are heading for a sharp weekly loss due to Middle East tensions
European stocks fell on Friday and were on track for their biggest weekly loss in three months, as growing concerns about a broader conflict in the Middle East, rising government bond yields and disappointing corporate earnings reports pushed investors off risk. By 7:06 GMT, the European STOXX 600 index fell …
Read More »USD maintains its gains ahead of FED Chairman’s statements
The dollar maintained its gains against rival currencies on Thursday ahead of comments by Federal Reserve Chairman Jerome Powell as expectations grew that the bank would keep interest rates high for longer. The US currency pushed the yen to hover around its lowest levels in two weeks, which it recorded …
Read More »European stocks decline with risk aversion due to poor corporate results
European stocks fell about 1 percent on Thursday as risk aversion was exacerbated by poor results for companies, including food company Nestlé, as a result of tensions caused by the war in the Middle East and uncertainty over interest rates. By 0705 GMT, the European STOXX 600 index fell 0.8 …
Read More »Nasdaq is trying to stabilize above support 19/10/2023
Oil, Crude, trading
Read More »Dow Jones breaks support 19/10/2023
Oil, Crude, trading
Read More »CAD breaks through the resistance 19/10/2023
Positive trades dominated the Canadian dollar’s movements, reflecting the downward trend we expected. We relied on trading stability below 1.3700. As a reminder, we indicated that moving upwards and consolidating above 1.3700 would immediately stop the expected downward trend. The pair would recover to retest 1.3740, recording its highest level. …
Read More »JPY: Positivity needs confirmations 19/10/2023
japanese-yen
Read More »GBP may witness a negative session 19/10/2023
Oil, Crude, trading
Read More »Oil retesting support 19/10/2023
Mixed trading controls the performance of US crude oil futures contracts within the expected bullish path, touching the first target published in the previous technical report for 89.90, recording its highest level of $89.85 per barrel. Technically, prices were bearish after touching the resistance level represented by the target of …
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