Oil, Crude, trading
Read More »Oil is trying to build on support 18/7/2023
Mixed trading dominated the movements of the US crude oil futures contracts yesterday, moving in both upward and downward directions, recording the lowest level at 73.89 while the highest around $76.00 per barrel. Today’s technical outlook, and with a closer look at the 240-minute chart, we find that the price …
Read More »Euro beats USD 18/7/2023
The euro-dollar pair continues to achieve gains within the gradual rise, as we expected, and currently hovering near its highest level during the morning trading of today’s session, at 1.1255. On the technical side, the pair was able to build on the support of the psychological barrier 1.1200, accompanied by …
Read More »European stocks fall after Underwhelming Chinese growth data
After the announcement of dismal Chinese GDP figures, European stock markets declined on Monday as the second quarter results season got underway. At 07:30 GMT, the FTSE 100 in the United Kingdom traded down 0.1%, the CAC 40 in France dropped 0.7%, and the DAX index in Germany traded down …
Read More »European stocks open lower, but are heading for their best weekly performance in more than 3 months
European stocks fell on Friday but remain on course for their biggest weekly percentage jump in more than three months, driven by hopes the Federal Reserve will stop raising interest rates soon as inflation subsides. The pan-European Stoxx 600 index was down 0.2 percent by 0702 GMT. However, it rose …
Read More »Nasdaq is resting on support 14/7/2023
Oil, Crude, trading
Read More »Dow Jones retests support 14/7/2023
Oil, Crude, trading
Read More »CAD continues to drop 14/7/2023
Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the first target at 1.3090, recording its lowest level at 1.3092. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …
Read More »GBP competes strongly with the dollar 14/7/2023
Oil, Crude, trading
Read More »Oil continues to rise 14/7/2023
US crude oil futures prices jumped to record noticeable gains within the expected bullish context, touching the second target of the previous report at 77.00, recording a high of $77.30 per barrel. The technical outlook remains unchanged; we tend to be positive depending on the price’s consolidation in general above …
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