US crude oil futures prices witnessed a positive trading session within the bullish context published during the previous analysis, touching the first target, 72.60 and approaching by a few points at the second target, 73.80, to settle for recording the highest, 73.66. Technically, by looking at the 240-minute chart, we …
Read More »Euro is pressing support 9/5/2023
Quiet trading tended to be negative, dominating the movements of the euro-dollar pair during and throughout the trading of this week, after it found selling pressure near the resistance level of 1.1070, to start today’s session on a bearish slope. From the point of view of technical analysis today, and …
Read More »Japan stocks closed lower amid a strong yen and concerns in the US banking sector
Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …
Read More »Dow Jones and positivity need confirmation 8/5/2023
Oil, Crude, trading
Read More »CAD is waiting for a further decline 8/5/2023
The Canadian dollar declined significantly to incur significant losses, surpassing the bearish target published in the previous report at 1.3510. It is now settling around its lowest level during today’s morning session 1.3370. Technically, and with a closer look at the chart, we find that the simple moving averages returned …
Read More »GBP keeps climbing gradually 8/5/2023
Oil, Crude, trading
Read More »Oil makes up for its losses 8/5/2023
As we expected during the previous technical report, US crude oil futures prices recovered, touching the required target at 71.20, recording a high of $71.77 per barrel. Technically, we find that oil prices have returned to stability above the support floor of the psychological barrier of 70.00, in addition to …
Read More »Euro is trying to recover 8/5/2023
Mixed trading dominated the movements of the euro-dollar pair, within a downward sloping path, affected by the US data that appeared last Friday, recording its lowest level at 1.0970. From a technical point of view, today, we find the pair’s intraday trading has returned to stability above 1.1000, accompanied by …
Read More »European shares open at the highest level in two weeks
European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …
Read More »European stocks are falling with anticipation of the ECB’s interest rate decision
European stocks fell on Thursday after investors received mixed signals from the Federal Reserve regarding monetary tightening, with the European Central Bank awaiting an interest rate decision later in the day. The pan-European Stoxx 600 index fell 0.8 percent, led by auto stocks, which fell 2.3 percent. The oil and …
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