Japan’s Nikkei index hit a six-and-a-half-month high on Thursday, extending its winning streak for the fifth consecutive session, with risk appetite improving on expectations that the Federal Reserve will slow down its monetary tightening policies and the lack of imminent changes in the Bank of Japan’s monetary stimulus policy. The …
Read More »Dow Jones: negativity remains 9/3/2023
Oil, Crude, trading
Read More »CAD continues to work inside the bullish channel 9/3/2023
Positive trades dominated the movements of the Canadian dollar, as we expected, with a gradual rise to the upside, approaching a difference of a few points from the target to be achieved yesterday at 1.3830, recording its highest level at 1.3817. Technically, the bullish context is still the most probable, …
Read More »GBP loses momentum and maintains the bearish path 9/3/2023
Oil, Crude, trading
Read More »Oil touches the first bearish target 9/3/2023
US crude oil futures prices achieved the negative outlook as we expected, touching the first target mentioned in the previous technical report, located at 76.20, recording its lowest level at 76.15. Technically, oil’s current movements are witnessing stability below the 76.00 barrier, as we find the simple moving averages form …
Read More »Euro is hovering around the 50.0% Fibonacci retracement 9/3/2023
The movements of the eurodollar pair witnessed a calm trading session yesterday, after it recorded significant declines against the US dollar after the semi-annual testimony of the Federal Reserve Chairman before the Senate. Technically, today, the euro is settling below the minor resistance level 1.0575, in addition to the pair’s …
Read More »European stocks drop as Powell signals a larger interest rate hike
European stocks fell on Wednesday after Federal Reserve Chairman Jerome Powell said there was a possibility of more sharp interest rate increases, while sportswear company Adidas fell after announcing plans to cut its annual dividend. The pan-European Stoxx 600 index fell 0.3 percent by 0805 GMT, hitting its lowest level …
Read More »Dow Jones is under selling pressure 8/3/2023
Oil, Crude, trading
Read More »CAD breaks resistance and positivity remains 8/3/2023
The Canadian dollar returned to achieving gains after it ended the bearish slope and succeeded in building on the strong support floor of 1.3630, explaining that the price’s consolidation above 1.3630 completely invalidates the activation of the bearish scenario. The pair recovers, waiting for 1.3670 and 1.3700, respectively, to record …
Read More »GBP incurred great losses 8/3/2023
Oil, Crude, trading
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