Negative trading dominated the movements of the Dow Jones industrial index on Wall Street, after it failed to maintain positive stability above 33,030, explaining that the infiltration below 33,030 puts the index under strong negative pressure to target 32,840, recording its lowest level at 32,806. Technically, the simple moving averages …
Read More »GBP: touches targets, negativity persists 6/1/2023
Oil, Crude, trading
Read More »Oil is trying to recover its losses 6/1/2023
Mixed trading tended to limited positivity, dominating the prices of US crude oil futures contracts, trying to compensate for part of its losses, recording a high of 74.88. Technically, upon closer look at the chart, the simple moving averages continue to exert negative pressure on the price from above. Still, …
Read More »Euro is still waiting for a stronger trend 6/1/2023
We remained neutral during the previous report, for the second session in a row, due to a contradiction between the technical signals, as the movements of the Euro-dollar pair witnessed a downward trend, recording its lowest level at 1.0520. On the technical side, we previously indicated that the support level …
Read More »European shares fell after FOMC minutes dispelled policy change hopes
European stocks fell on Thursday ahead of the release of inflation data in the eurozone and after the release of the minutes of the Federal Reserve meeting in December, which showed the US central bank’s commitment to curbing inflation. The pan-European STOXX was down 0.3% by 0810 GMT, after rising …
Read More »The aggressive US central bank speech fails to support USD
The dollar struggled to rally on Thursday even though policymakers at the US Federal Reserve reaffirmed their commitment to fighting inflation, while the Australian dollar jumped after China eased restrictions on coal imports from Australia. The minutes of the Federal Reserve’s December monetary policy meeting, released last night, showed that …
Read More »Nikkei closed higher but monetary policy concerns limited gains
Japan’s Nikkei index recovered on Thursday from its lowest level in three months as shares of chip-related companies rose, tracking their US counterparts, but expectations of the world’s major central banks continuing to pursue monetary tightening limited gains. The Nikkei ended the session up by 0.4 percent, recording 25,820.80 points, …
Read More »Dow Jones is trying to maintain positive stability 5/1/2023
Oil, Crude, trading
Read More »CAD returns to the downside path 5/1/2023
The Canadian dollar failed to surpass the pivotal resistance level published in the previous report at 1.3.680, explaining that it represents the key to protecting the bearish trend, which forced it to trade with noticeable negativity to break the support level of the psychological barrier of 1.3600, heading to visit …
Read More »GBP: Facing strong resistance 5/1/2023
Oil, Crude, trading
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