The resistance levels published in the previous analysis at 1.3400 could limit the bullish tendency in the last session’s trading, which forced the pair to trade within the downside path again, recording its lowest level at 1.3305. Technically, negative pressure comes from the simple moving averages, accompanied by clear negative …
Read More »GBP building support 18/11/2022
Oil, Crude, trading
Read More »Oil: touches the target and confirms the break 18/11/2022
As we expected, US crude oil futures prices incurred significant losses during the last session’s trading within the negative outlook, surpassing the official target station at 82.10, recording its lowest price at $81.42 per barrel. Technically, oil confirmed breaking the support level of 82.00, and the current movements are witnessing …
Read More »Euro is consolidating against Dollar 18/11/2022
For the second session in a row, the movements of the Euro-dollar pair did not witness a significant change within a limited bearish tendency that dominated the pair’s movements yesterday, to retest the support level of the psychological barrier 1.0300, maintaining the positive stability above. On the technical side, on …
Read More »Dollar is stable amid mixed indicators from US economy and GBP is rising
The dollar was little changed on Thursday as investors digested mixed US economic data, while the British pound rose ahead of the government’s budget plans. The greenback has fallen in the past few weeks as inflation data and comments from Federal Reserve officials suggested the bank could soon slow the …
Read More »German stocks lead Europe higher after Siemens data
German stocks led European indices higher at the open on Thursday, supported by data from Siemens, which recorded an optimistic rise in quarterly profits, while investors await the UK budget, which is expected to restore confidence in the British economy. The German DAX rose 0.9%, while the pan-continental Stoxx 600 …
Read More »Nikkei closed lower on chip stocks
Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …
Read More »Dow Jones is facing negative pressure 17/11/2022
Oil, Crude, trading
Read More »CAD retests support 17/11/2022
After the Consumer Price Index data release, the Canadian dollar reversed the expected bearish trend during the previous report to rebound to the upside, recording its highest level during yesterday’s trading at 1.3362. Technically, and by looking at the 4-hour chart, we find that the stochastic started entering the overbought …
Read More »GBP trying to consolidate 17/11/2022
Oil, Crude, trading
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