US crude oil futures prices jumped to achieve noticeable gains within the expected upward path during the previous report, surpassing the required retest target of 76.60, recording a high of $77.55 per barrel. Technically, we continue to suggest the bullish daily direction, relying on the positive impulse coming from the …
Read More »Euro needs to break support to confirm negativity 8/2/2023
Negative trades dominated the pair’s movements within the negative technical outlook, as we expected during the previous technical report, heading towards the first target to be achieved at 1.0660, recording its lowest level at 1.0665. On the technical side, the pair tried to compensate for the losses during the Federal …
Read More »A third wave of strikes in France continues to put pressure on Macron
Public transport, schools and oil refineries were disrupted in France on Tuesday as trade unions led a third wave of a nationwide strike against President Emmanuel Macron’s plans to extend the working years for French people before retiring. Strike movements in many sectors and street protests on Tuesday come hours …
Read More »European settled and BP lead the energy sector to rise
European stocks witnessed stability during trading on Tuesday, at a time when the prospects for the continuation of the cycle of raising interest rates around the world continue to undermine sentiment, while the oil giant BP led the energy sector to rise. The Stoxx 600 index of European stocks settled …
Read More »Japan’s Nikkei closed lower ahead of Fed Chairman’s speech
Japan’s Nikkei trimmed its gains to close lower on Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s speech, but a slew of corporate earnings left the market directionless. The Nikkei index fell 0.03 percent to close at 27,685.47 points, and cut the fourth consecutive winning session, after trading remained …
Read More »Dow Jones hits the required targets 7/2/2023
Oil, Crude, trading
Read More »CAD continues to climb gradually 7/2/2023
The positive performance of the Canadian dollar during the first trading of this week within the expected bullish path during the previous technical report, touching the first target at 1.3475, to record its highest level at 1.3475. Technically, the continuation of the simple moving averages provides a positive motive that …
Read More »GBP is losing momentum 7/2/2023
Oil, Crude, trading
Read More »Oil is trying to compensate for the losses 7/2/2023
US crude oil futures prices reversed the expected bearish trend published during the previous analysis after prices managed to build on the support of the psychological barrier of 73.00. Technically, the 50-day simple moving average still constitutes an obstacle in front of the price. But, on the other hand, we …
Read More »Euro touching target and hovering around a correction 7/2/2023
Negative trades dominated the movements of the euro-dollar during the first trading sessions of this week, within the expected negative outlook during the previous analysis, touching the official target station 1.0740, recording its lowest level at 1.0709. On the technical side today, by looking at the 240-minute chart, we find …
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