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Oil, Crude, trading
Read More »GBP breached the descending channel resistance 7/3/2023
Oil extends its gains 7/3/2023
US crude oil futures prices jumped to achieve significant gains with the early trading of the current session, recording a high of $80.90 per barrel. Technically, by looking at the 240-minute chart, we find that the 14-day momentum indicator continues to defend the bullish trend, stimulated by the price’s stability …
Read More »Euro attacks the psychological barrier 7/3/2023
The Eurodollar pair started its first weekly trading with a bullish bias, after breaching the resistance level of 1.0660 to start attacking the psychological barrier of 1.0700. Technically, the simple moving averages provide a positive incentive that enhances the chances of a further rise and is stimulated by the positive …
Read More »European stocks open higher, jumping shares of Telecom Italia
European stocks started trading higher on Monday, and Telecom Italia shares jumped to the top of the European Stoxx 600 index, while mining stocks fell after China set a modest target for annual growth. The Stoxx 600 index was up 0.2% by 0807 GMT, after posting its best weekly performance …
Read More »Japan’s Nikkei index closed higher after hitting a 3-month high
Japan’s Nikkei average rose more than 1 percent on Monday to a three-month high, retracing gains on Wall Street in the previous session, after Federal Reserve officials eased concerns about monetary tightening. Interest-sensitive technology stocks were the top gainers in Japan, as was Wall Street after Richmond Federal Reserve Bank …
Read More »European stocks rose in early trading, thanks to the technology sector
European stocks opened higher on Friday, supported by the rise in interest-sensitive technology stocks, as investors flocked to riskier assets after comments from a Federal Reserve official that the US central bank may temporarily stop tightening monetary policy. The Stoxx Europe 600 index rose 0.5 percent in early trading, with …
Read More »The Nikkei index closed at its highest level in about 3 months
Japan’s Nikkei share average closed at its highest level in nearly three months on Friday after US stocks ended higher overnight. The Nikkei index rose 1.56 percent to close at 27,927.47 points, its highest since December 15 and its biggest daily gain since January 18. The index rose 1.73 percent …
Read More »Dow Jones building on support 3/3/2023
Oil, Crude, trading
Read More »CAD shows some negative features 3/3/2023
The Canadian dollar showed some bearish bias yesterday, affected by the rise in oil prices, and the pair is now hovering around the support level of 1.3575, trying to stabilize above it temporarily. Technically, the Canadian dollar is settling above the 50-day simple moving average, trying to push the price …
Read More »GBP is the biggest loser against USD 3/3/2023
Oil, Crude, trading
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