Oil, Crude, trading
Read More »Oil: Need monitoring 24/10/2022
A downward trend dominated the movements of US crude oil futures prices after it gave up its recent gains that it achieved during last Thursday’s trading session to record as low as $83.17 per barrel. The technical outlook today tends to the negative, relying on the stability of daily trading …
Read More »Euro Looking for extra momentum 24/10/2022
A noticeable surge for the EUR/USD pair at the end of last week’s trading within the expected bullish context in the previous analysis, approaching by a few points at the first required target at the price of 0.9900, recording its highest level at 0.9890. On the technical side today, we …
Read More »European stocks fall as inflation and slowdown fears dominate the markets
European shares fell on Friday, amid fears that major central banks will stick to raising interest rates to curb prices, while investors assessed mixed earnings reports that did little to allay fears of an economic slowdown. A slew of inflation reports and data pointing to the strength of the US …
Read More »The Nikkei index closes below the level of 27 thousand points, and chip stocks limit losses
The Japanese Nikkei index ended Friday’s trading below the main 27 thousand points level, affected by declines recorded by Wall Street Thursday night, amid fears that the announcement of the Federal Reserve (the US central bank) of a sharp interest rate hike could cause a recession. But the losses were …
Read More »European shares fall as profits slump in chip maker Nokia
European shares fell on Thursday, as investors worried about persistent inflation and tightened central bank measures, while slumping profits for chip maker B.E. Semiconductor and telecommunications company Nokia raised fears of an economic slowdown. Nokia shares fell 4.1 percent after the Finnish telecom equipment company’s quarterly operating profit fell short …
Read More »yen fell to its lowest level since 1990 at 150 against dollar
The Japanese yen fell below 150 against the US dollar, levels since August 1990. It is scheduled to start scheduled for scheduled to start from two days. Policymakers have ruled out adopting a new policy to question the return of the policy. And on Thursday, Japan’s 10-year government debt yield …
Read More »GBP falls under the weight of inflation, USD clings to its 32-year peak against JPY
Sterling fell on Wednesday after a bigger-than-expected rise in consumer price inflation in Britain and fears of a deeper recession in the country fueled expectations that the Bank of England’s November interest rate hike would be less severe. The dollar consolidated at a 32-year high against the yen and rose …
Read More »European shares rise with a boost from the results of ASML Semiconductor
European shares rose on Wednesday as strong financial results for ASML Semiconductor gave a boost to the technology sector and boosted hopes that earnings season will be auspicious. However, the rise was limited due to the still continuing fears of rising inflation and interest rate hikes. ASML shares rose 5.5 …
Read More »Japan’s Nikkei closes higher, supported by strong earnings data for US companies
Japanese stocks closed higher on Wednesday, tracking gains made by Wall Street after US companies reported strong financial results. The Nikkei index rose 0.37 percent and remained significantly higher than a basic sentiment level of 27,000 points throughout the day, without any indications of the volatile trading witnessed in the …
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