European stocks opened sharply lower on Wednesday as concerns over a potential economic slowdown in the United States sent ripples through global markets. Investors also turned their focus to upcoming economic data from the euro zone, adding to the bearish sentiment. Market Overview By 07:10 GMT, the pan-European STOXX 600 …
Read More »Dow Jones breaks support 4/9/2024
Oil, Crude, trading
Read More »USD/JPY trying to hold above support 4/9/2024
japanese-yen
Read More »GBP holds below resistance 4/9/2024
Oil, Crude, trading
Read More »Oil suffers huge losses 4/9/2024
U.S. crude oil futures experienced significant losses, surpassing the downside targets set in the previous trading session at 72.20, and recording a low of 69.75 during today’s Asian session. Technically, the 4-hour chart indicates that the bearish technical structure remains intact and effective, further reinforced by the ongoing negative pressure …
Read More »Euro awaits confirmation of support break 4/9/2024
Calm, slightly negative trading characterized the movements of the euro against the U.S. dollar, remaining within the anticipated bearish trend. As noted yesterday, further decline depends on a break below the 1.1040 level. From a technical perspective, the 4-hour chart shows that the pair has found solid support around 1.1040. …
Read More »European Stocks Struggle for Direction as German Markets Hit Record Highs Ahead of Key U.S. Data
European stocks showed mixed performance on Tuesday as investors treaded cautiously ahead of a slew of economic data, including the crucial U.S. jobs report due on Friday. While the pan-European STOXX 600 index remained flat, German stocks reached an all-time high, buoyed by easing inflation and positive sentiment surrounding interest …
Read More »Dow Jones closes above support 3/9/2024
Oil, Crude, trading
Read More »USD/JPY is based on support 3/9/2024
japanese-yen
Read More »GBP presses support 3/9/2024
Oil, Crude, trading
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