The Canadian dollar found a solid support ground near 1.3570, which helped it maintain temporary positive stability to begin attacking the psychological barrier resistance level of 1.3600, and the intraday movements witnessed stability above it. From a technical standpoint today, we are leaning towards positivity, but with caution, in our …
Read More »USD/JPY: Return to the upward trend 5/9/2023
japanese-yen
Read More »GBP around correction level and negativity remains 5/9/2023
Oil, Crude, trading
Read More »Oil to be monitored 5/9/2023
US crude oil futures prices continue to form an upward attack within the expected bullish context at the end of last week’s trading, exceeding the required target of 85.30, recording its highest level of $86.10 per barrel. Technically, oil prices continue to receive a positive stimulus from the simple moving …
Read More »Euro continues to creep negative 5/9/2023
Quiet negative trading dominated the movements of the EUR/USD pair amid the holiday in the American markets at the beginning of this week’s trading, with the euro maintaining negative stability against the US dollar, recording its lowest level at 1.0771. Technically, by looking at the 4-hour time frame chart, we …
Read More »European stocks rose on optimism about the Chinese economy
European stocks rose on Monday, boosted by positive sentiment in Asian markets, amid investor optimism that a series of stimulus measures announced by China will help its slowing economy, and Novo Nordisk shares reached a new record high. The European STOXX 600 index rose 0.6 percent by 0720 GMT, after …
Read More »European stocks stabilized
European stocks stabilized on Friday, with the support provided by energy and mining companies offsetting the impact of pressures from the weak performance of German copper producer Aurobis after a profit warning, and Volkswagen after a downgrade in the stock’s recommendation. By 0711 GMT, the European STOXX 600 index settled …
Read More »Nasdaq maintains positive stability 1/9/2023
Oil, Crude, trading
Read More »Dow Jones declines ahead of US jobs data 1/9/2023
Oil, Crude, trading
Read More »CAD continues the decline 1/9/2023
The Canadian dollar achieved the first bearish target required to be touched during the previous technical report at 1.500, recording its lowest level at 1.3490. Technically, by looking at the 4-hour chart, we find the simple moving averages continuing to exert negative pressure on the pair, in addition to trading …
Read More »