Japanese stocks rose on Tuesday, with the Nikkei index recording its highest closing level in 16 months, supported by a rise in steelmakers’ stocks on the back of strong corporate earnings. JFE Holdings jumped 14.5 percent, its biggest gain in 14 years, after Japan’s second-biggest steelmaker expected profits to rise …
Read More »Dow Jones maintains the same technical conditions 9/5/2023
Oil, Crude, trading
Read More »CAD: negative pressure exists 9/5/2023
Significant negative trades dominated the movements of the Canadian dollar during the first trading sessions of this week within the expected negative outlook, touching the bearish target that should be achieved at 1.3310, recording the lowest at 1.3313. Technically, the support levels posted at 1.3315 limited the bearish bias and …
Read More »GBP continues its climb 9/5/2023
Oil, Crude, trading
Read More »Oil is trying to make more gains 9/5/2023
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
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