Tag Archives: dollar

European shares opened lower on Wednesday, led by heavy selling in Asian markets as the escalating energy crisis in the region and the continued rise in global bond yields fueled fears of a recession. The European Stoxx 600 index fell 0.8 percent by 0707 GMT, to continue its decline for …

Japan’s Nikkei index ended trading on Wednesday near its lowest level in three months, as mounting fears of a global recession weighed on Wall Street on Tuesday evening and a media report that Apple Inc. abandoned plans to produce more iPhone phones, dented sentiment. The Nikkei fell 1.5 percent to …

Oil, Crude, trading

Movements tended to the downside temporarily within the tendency to retest the support, as we explained yesterday, to approach the retest target at 1.3620, recording the lowest at 1.3640 to start the bullish rebound as we expected. Technically, the pair’s success in building a base on the 1.3640 support with …

Oil, Crude, trading

US crude oil futures prices temporarily reversed the expected bearish trend, in which we relied on price stability below 78.00 areas. We indicated that the attempt to cohesion and stability above 78.00 leads the price to recover temporarily, targeting 79.50, to record oil prices as high as 79.45, compensating for …

The single European currency continues to crawl negatively against the US dollar within the bearish directional movement and within the expected bearish context yesterday, touching the first target to be achieved at 0.9550, recording its lowest level during the morning trading of the current session at 0.9542. Technically, today, and …

The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

Japan’s Nikkei closed higher on Tuesday, led by blue-chip Fast Retailing, as investors scrambled to buy shares battered by a global sell-off, with the US Federal Reserve repeating its stance of maintaining its hawkish policy of raising interest rates. The Nikkei index closed up 0.53 percent at 2,6571.87 points, rebounding …

Oil, Crude, trading