The euro-dollar pair ended last week’s trading on a noticeable increase, and started today’s session’s trading as well, achieving significant gains within the expected general bullish path, to begin attacking the psychological barrier 1.0900, gradually approaching the target required to be achieved during the previous technical report at 1.0940, recording …
Read More »European stocks rise on optimism about reopening in China
European stocks rose on Friday as bullish investors weighed the potential impact of the week-long Lunar New Year holiday after China lifted restrictions imposed to curb the spread of COVID-19, but fears of a global economic slowdown continued to dampen sentiment. The pan-European Stoxx 600 index was up 0.2 percent …
Read More »Japanese Nikkei index closed higher
Japan’s Nikkei erased early losses to close higher on Friday, as sentiment was boosted by a rise in US futures after Wall Street’s losses Thursday night, as well as a decline in the yen. The Nikkei ended the session up 0.56% to 26,553.53 points, after it had fallen 0.3% earlier …
Read More »European stocks are heading to end their series of gains due to slowdown fears and weak earnings
European stocks were heading on Thursday to halt a series of consecutive gains over six sessions, after lackluster US economic data stoked fears of a global economic slowdown, and investor sentiment was also affected by non-negative European corporate earnings. The pan-European Stoxx 600 index was down 0.6 percent by 0815 …
Read More »Nikkei index retreating, Yen’s rise is putting pressure on export companies
On Thursday, the Japanese Nikkei index recorded the largest decline in two weeks, retreating from its highest level in a month, with the fading effect of the Bank of Japan’s decision to maintain its stimulus policies, as well as the rise in the yen, which pressured the shares of export …
Read More »Dow Jones deepens its losses 19/1/2023
Oil, Crude, trading
Read More »CAD: starting an upward rebound 19/1/2023
The Canadian dollar was able to touch our awaited target during the previous analysis at 1.3350, recording yesterday’s low at 1.3350, to start a bullish bounce as a result of touching the support represented in the target. Technically, the pair formed a bullish rebound to the upside, and the current …
Read More »GBP is the best performer against the dollar 19/1/2023
Oil, Crude, trading
Read More »Oil is outside the ascending channel pivots 19/1/2023
Significant gains were achieved by US crude oil futures prices within the positive outlook, as we expected yesterday, touching the first target of 81.70, and recording a high of 82.35. Technically, oil prices collided with a strong resistance level of 82.40, which forced it to trade with strong negativity, so …
Read More »Euro is waiting for a new price movement 19/1/2023
The single European currency achieved our expected bullish target during the previous session’s trading, which was at 1.0870 and recorded its highest level at 1.0887. Technically, we notice that the level of 1.0880 formed strong resistance on the EUR/USD pair and forced it to decline marginally to the downside so …
Read More »