Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …
Read More »Dow Jones retesting support 14/11/2022
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Read More »CAD continues its gradual decline 14/11/2022
The Canadian dollar resumed the bearish trend as we expected during the technical report issued last Friday, touching the second target that is required to be achieved at 1.3230, recording its lowest level at 1.3234. From the angle of technical analysis today, and carefully looking at the 4-hour chart, we …
Read More »GBP maintains bullish trend 14/11/2022
Oil, Crude, trading
Read More »Oil: to be monitored 14/11/2022
US crude oil futures prices witnessed a bullish tendency at the end of last Friday’s trading to temporarily reverse the bearish trend, recording its highest level around $90.00 per barrel. Technically, oil prices are currently hovering around the 50-day simple moving average that is trying to push the price to …
Read More »Euro is back in competition 14/11/2022
The euro achieved strong gains against the US dollar at the end of last week’s trading, within the expected positive outlook, surpassing the required official target at 1.0290, recording the highest level at 1.0366. On the technical side, the simple moving averages still support the daily bullish curve in prices, …
Read More »Dollar is heading for the biggest losses since 2015
Investors are dumping the dollar as weaker-than-expected US consumer price data boosted hopes the Federal Reserve will ease monetary policy tightening in smaller-than-expected increases in its fight against inflation. The range of the dollar’s movements against several currencies on Thursday was significant. By 1730 GMT, the US currency was down …
Read More »European shares open higher, supported by commodity and luxury companies
European shares opened higher on Friday, as news of China’s easing of strict Covid rules boosted stocks related to primary and luxury goods, which were also supported by better-than-expected sales data and margins from Richemont. The Stoxx 600 index rose 0.4 percent by 0812 GMT, and Swiss luxury goods Richemont …
Read More »Japan’s Nikkei index hits two-month high
Japan’s Nikkei index ended Friday’s trading at a two-month high, boosted by a rally in Tokyo Electron and other growth-related shares, as markets tracked Wall Street after signs of lower inflation bolstered hopes the US central bank would slow the pace of interest rate hikes. The Nikkei jumped 2.98 percent …
Read More »Dow Jones extends its gains 11/11/2022
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