Japanese authorities and companies said that heavy snow in many parts of Japan on Friday caused the cancellation of 100 flights, closed dozens of roads and disrupted railway services. Domestic airlines including ANA, Japan Airlines and others canceled a total of 100 flights due to the snow until noon, according …
Read More »Japanese stocks closed higher, supported by strong earnings and expectations
Japanese stocks closed higher on Friday, boosted by strong corporate earnings and the expectations of domestic companies, with Tokyo Electron leading the gains after raising its annual profit forecast. The Nikkei index rose 0.31 percent to close at 27,670.98 points, after rising 0.8 percent earlier in the session. The index …
Read More »European stocks are at the highest level in 9 months
European stocks touched a nine-month high on Thursday, supported by earnings data from companies including Germany’s Siemens and Britain’s AstraZeneca, which helped ease concerns raised by Federal Reserve officials after they stressed the need for more interest rate hikes. The Stoxx 600 index of European shares rose 0.8 percent by …
Read More »Japan’s Nikkei closed lower, following Wall Street
Japan’s Nikkei closed lower on Thursday, retreating from its highest level in nearly two months, as the benchmark tracked the weak performance on Wall Street after investors had long been wary of higher US interest rates. The earnings season witnessed a mixture of winners and losers among the major companies. …
Read More »Dow Jones facing strong resistance 9/2/2023
Oil, Crude, trading
Read More »CAD trading cautious, waiting for a stronger signal 9/2/2023
The Canadian dollar successfully retested the strong support at 1.3350, which helped it achieve a bullish bounce, to hover now around its highest level during the morning trading of the current session at 1.3435. Technically, the simple moving averages support the possibility of a bullish bias, supported by the clear …
Read More »GBP to be monitored 9/2/2023
Oil, Crude, trading
Read More »Oil extends its gains 9/2/2023
US crude oil futures prices achieved our first target during the previous trading session, which is at 78.40, to record its highest level at $78.53 per barrel. Technically, oil is still maintaining its bullish context after establishing a good support base of around 78.00, accompanied by the positive impulse of …
Read More »Euro continues to pressure support 9/2/2023
Sideways trading tended to be negative, as the movements of EUR/USD were confined between the support of the psychological barrier of 1.0700 and the resistance level of 1.0800/1.0780. Technically, we tend to be negative in our trading, relying on the continuation of the pair obtaining negative pressure from the simple …
Read More »European stocks hit the highest level in 9 months
European stocks hit their highest level in more than nine months on Wednesday, as investors got positive cues from Federal Reserve Chairman Jerome Powell’s comments on Tuesday, while the upbeat outlook of Linda and Akzo Noble led to higher materials stocks. Crude and chemicals. The pan-European STOXX 600 index was …
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