Mixed trading dominated the prices of US crude oil futures contracts at the beginning of this week’s trading, recording a low of $64.40 per barrel. Oil prices are trying to provide some recovery, benefiting from the intraday stability above 65.60. However, upon closer look at the chart, we find that …
Read More »Euro is trying to break through the resistance 21/3/2023
Quiet movements dominated the euro-dollar pair with a gradual rise to the upside, recording its highest level during the previous session’s dealings, near the pivotal resistance of 1.0740. From the angle of technical analysis and by looking at the 240-minute chart, we notice that the 50-day simple moving average continues …
Read More »European stocks fell, with banking shares falling after the acquisition of Credit Suisse
European stocks fell on Monday, with Credit Suisse shares losing more than 60 percent after UBS agreed to buy its struggling rival in a $3 billion deal, undervaluing Credit Suisse well and raising fears of a banking crisis. wide range. The STOXX 600 European shares fell 0.8 percent by 0807 …
Read More »Nikkei index closed at a two-month low
Japan’s Nikkei index closed at its lowest level in two months on Monday, as fears of a recession and a possible crisis in the global banking sector led to the sale of risky assets despite a deal reached over the weekend to save the Swiss Bank Credit Suisse. The Nikkei …
Read More »Asian stocks drop as bank crisis fears offset liquidity support
Most Asian stocks fell on Monday as emergency liquidity measures and bank consolidations in U.S. and Europe did little to stem fears of a potential banking crisis, with markets now awaiting more cues on monetary policy from a Federal Reserve meeting this week. Bank-heavy indexes once again saw steep losses, …
Read More »European stocks rose after the decline of investor concerns about the banking sector
European stocks continued to recover for the second consecutive session on Friday, as measures taken by the United States and Europe to support banks calmed fears of an imminent collapse, but the European index was on track to record a decline for the second week in a row. The Stoxx …
Read More »European stocks rose as investor fears subsided after Credit Suisse received a financial aid
European stocks rose Thursday, March 16th, as troubled Credit Suisse rose after receiving financial aid from the Swiss National Bank (SNB), easing some fears of a global banking crisis, although caution prevailed ahead of the European Central Bank’s interest rate decision. The Stoxx 600 index rose 0.9%, by 08:15 GMT. …
Read More »Japanese Nikkei index trims its losses after Credit Suisse’s measures to enhance liquidity
Japan’s Nikkei index pared its losses on Thursday after hitting a near two-month low in a volatile session, after Swiss bank Credit Suisse announced plans to boost its cash position. This week witnessed sharp volatility in Japanese banks, which caused the Nikkei index to drop below 27,000 points for the …
Read More »Nikkei ends 3-day losing streak as banking stocks rise
Japanese banking stocks closed higher on Wednesday, helping the Nikkei index end a three-day losing streak, as markets regained some calm after investor fears of spillovers from the Silicon Valley bank collapse subsided. The Tokyo Stock Exchange’s banking index rose 3.3 percent, led by shares of Suruga and Shimane Banks, …
Read More »CAD: negative pressure is in place 15/3/2023
The Canadian dollar is facing negative pressure since the beginning of this week’s trading, as the movements of the previous trading session witnessed a bearish trend, recording its lowest level at 1.3650. Technically, we notice the beginning of the negative pressure at the support level of 1.3680, accompanied by the …
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