The dollar settled near a two-month low against the euro on Wednesday as investors awaited the results of the US midterm elections and inflation data due this week that will guide speculation on the path of a future US interest rate hike. Cryptocurrencies are also high on investor interest, stabilizing …
Read More »European shares drop, eyes on US midterm election results
European shares fell on Wednesday, though gains by Germany’s Printage limited losses, while investors awaited the results of the US midterm elections to see the course of US policy. The pan-European Stoxx 600 index was down 0.2 percent by 0813 GMT. Shares in Printage Chemical Distribution rose 1.6 percent after …
Read More »Nikkei retreats from two-month high, dragged down by energy shares
The Nikkei index closed lower on Wednesday after approaching a two-month high in the previous session, and Nintendo shares fell on lower profits as investors cautiously awaited US inflation data to speculate on the path of a future US interest rate hike. The Nikkei’s losses increased in the evening session, …
Read More »European stocks open lower, and mining companies are the main losers
European shares opened lower on Tuesday, with miners leading the decline amid fears of slowing demand in China and investors being cautious ahead of the US midterm elections that will determine who will have control of Congress. The Stoxx 600 index was down 0.4 percent by 0808 GMT. The European …
Read More »Dow Jones exceeds goals and eyes on Congress 8/11/2022
Oil, Crude, trading
Read More »CAD under negative pressure 8/11/2022
The Canadian dollar declined noticeably yesterday within the expected bearish context, only to reach its lowest level during the last session’s trading around 1.3465. Technically, we are inclined in our trading to the negativity, relying on the continuation of the effect of the bearish technical structure shown on the 4-hour …
Read More »GBP tries to maintain gains 8/11/2022
Oil, Crude, trading
Read More »Oil may retest support 8/11/2022
As we expected, US crude oil futures prices jumped at the beginning of this week’s trading within the positive outlook, touching the official target of the previous technical report at 93.60, recording the highest level at 93.74. Technically, the stochastic has started to provide negative crossover signals, and this comes …
Read More »Euro continues its gradual rise against the dollar 8/11/2022
The euro traded with noticeable positivity against the US dollar in the opening of the first trading sessions of this week within the bullish context, as we expected during the previous analysis, touching the second target at the price of 1.0030, recording its highest level at 1.0034. Technically, and looking …
Read More »The dollar fell against the euro and sterling amid appetite for riskier assets
The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …
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