The futures prices of US crude oil witnessed a trading session in the green areas, heading to record the first weekly gain in almost a month, touching $73.93 per barrel. Today’s technical side indicates the possibility of continuing the rise, relying on the bullish technical formation shown on the 4-hour …
Read More »Euro is stable below resistance 24/5/2023
Narrow sideways trading tended to be negative, dominating the movements of the EUR/USD pair during the previous trading session after it failed to stabilize for a long time, according to the resistance of the psychological barrier 1.0800. Technically, with a closer look at the 240-minute chart, we find the Euro …
Read More »European stocks fell, with Julius Baer falling
European stocks fell on Tuesday, dragged down by Swiss wealth manager Julius Baer after weak results, while investors await data on business activity in the euro zone for clues about the path of interest rates. The pan-European Stoxx 600 index was down 0.3% by 0715 GMT, with the travel and …
Read More »Stability of European stocks amid concerns about the US debt ceiling
European stocks were little changed at the open on Monday, while concerns over an agreement on the US debt ceiling and the outlook for US and European monetary policies weighed on sentiment. The pan-European Stoxx 600 index settled after touching its highest level in more than a year on Friday. …
Read More »The Nikkei index closed higher for the eighth day
The Japanese Nikkei index closed higher on Monday, extending its gains for the eighth consecutive session, at a time when investors continue to buy local stocks with discounted prices, amid optimism about companies’ efforts to enhance investor returns. The Nikkei index reversed course, jumping 0.9 percent to 31,086.82 points, its …
Read More »Dow Jones is waiting for a clearer direction 22/5/2023
Oil, Crude, trading
Read More »CAD is waiting for pending orders to be activated 22/5/2023
Marginal rise dominated the Canadian dollar’s movements within, but limited attempts to rise after the pair fail to stabilize for a long time above the resistance level of the psychological barrier 1.3500. Technically, and when looking closely at the 4-hour chart, we find that there is a conflict in the …
Read More »GBP starts negative 22/5/2023
Oil, Crude, trading
Read More »Oil is under negative pressure 22/5/2023
Mixed movements dominated the prices of US crude oil futures contracts at the end of last week’s trading, to start with negativity again after recording its highest price, $73.55 per barrel. Technically, we tend to be negative in our trading, relying on the stability of intraday trading below the resistance …
Read More »Euro is trying to take advantage of the support 22/5/2023
The euro-dollar pair ended its weekly trading last Friday with a limited rise, taking advantage of the US dollar’s decline and the pair’s consolidation above the support level of 1.0760. On the technical side today, the current movements of the Euro-dollar are witnessing stability around the top of 1.0830. With …
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