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Oil, Crude, trading
Read More »GBP continues to suffer losses 23/9/2022
Oil tends to fall 23/9/2022
Negative trading has regained control over the price movements of US crude oil futures after it failed to stabilize for a long time above the 85.00 barriers, recording its lowest level at 82.45. Technically, by looking at the chart, we find the simple moving averages continuing the negative pressure on …
Read More »Euro Hits resistance and negative pressure remain 23/9/2022
The resistance levels published during the previous analysis, at 0.9900, managed to limit the temporary rise witnessed by the EUR/USD pair yesterday, to return to trading negatively within the expected bearish path. On the technical side, and carefully looking at the 240-minute chart, we find a bearish technical structure that …
Read More »The yen rises after Japan intervened to support the currency for the first time since 1998
The Japanese yen rose sharply Thursday, September 22, after authorities intervened in the foreign exchange market for the first time since 1998 to prop up the tumbling currency. The dollar fell to 140.31 yen, and fell in the last trading 1.2% to 142.37 in highly volatile transactions. The yen also …
Read More »European shares open lower after US interest rate hike
European shares started lower on Thursday, with technology shares leading the decline, after the US Federal Reserve announced another big increase in interest rates and signaled further increases in its battle to contain rising inflation. The Stoxx 600 index fell 1.5 percent by 0707 GMT, and the German DAX lost …
Read More »Dow Jones continues to lose and breaking 30,000 will add to the downside wave 22/9/2022
Oil, Crude, trading
Read More »CAD continues to break the tops 22/9/2022
The Canadian dollar continues its sharp successive rise within the expected bullish context, surpassing the first target required to be achieved at 1.3425, recording its highest level at 1.3532 during the early trading of the current session. From the technical analysis point of view, the pair succeeded in breaching the …
Read More »GBP surrenders against USD, all eyes on BoE 22/9/2022
Oil, Crude, trading
Read More »Oil: Negative pressure Remains 22/9/2022
As we expected, US crude oil futures prices achieved a strong decline yesterday within the bearish directional movement, touching the first official target of the previous report at 82.65, recording the lowest price at 82.44. Technically, the regularity of movement within the descending price channel supports the continuation of the …
Read More »Euro continues to suffer losses 22/9/2022
A strong bearish trend dominated the euro’s movements against its US counterpart within the expected negative outlook during the previous analysis, touching all the required bearish targets to reach the last target of 0.9835, recording its lowest level at 0.9807 during the morning session of the current session. On the …
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