Negative trading dominated the US crude oil futures prices within the expected bearish path at the end of last week’s trading. It was heading towards the official target of 84.40, recording its lowest level of $84.30 per barrel. Technically, by looking at the 4-hour chart, we notice that Stochastic is …
Read More »Euro is witnessing sideways trading, waiting for a signal 19/9/2022
Limited sideways trading tended to the negativity dominating the movements of the euro against the US dollar, and the current moves are witnessing the stability of the pair’s exchange rate below the parity point of 1.0000, which constitutes a pivotal level for the current trading levels. Technically, by looking at …
Read More »European shares open lower as recession fears intensify
European shares fell on Friday as recession fears and expectations of a big interest rate hike during the Federal Reserve’s (US Central Bank) meeting next week weighed on sentiment. The pan-European Stoxx 600 index fell one percent moments after the opening bell, bringing its declines this week to more than …
Read More »Japanese shares fall, down 2%, affected by recession fears
Japanese stocks fell at the close on Friday and recorded a weekly decline, as fears of a global economic slowdown continued in light of raising interest rates, which led to the decline of Wall Street during Thursday night. The Nikkei index fell 1.11 percent to close at 2,7567.65 points, after …
Read More »Dow Jones incurs strong losses and the negative pressure continues 16/9/2022
Oil, Crude, trading
Read More »CAD continues to rise 16/9/2022
The Canadian dollar achieved the first target required to be touched during the previous analysis, at 1.3245, recording its highest level during the morning session of the current session at 1.3255. Technically, the Canadian dollar continues to achieve gains based on the positive motive coming from the simple moving averages …
Read More »GBP: presses support and continue its gradual decline 16/9/2022
Oil, Crude, trading
Read More »Oil fails to break through the resistance 16/9/2022
Divergent movements dominated the prices of US crude oil futures yesterday, after it failed to confirm the breach of the pivotal supply area published during the previous analysis at 89.10, explaining that it is an important and basic condition for the continuation of the rise, which forced it to move …
Read More »Euro is waiting for the directional signal 16/9/2022
Limited sideways trading dominated the EUR/USD pair’s movements during the previous trading session, to find that the movements were restricted between 0.9960 and 1.0000. From the technical analysis angle, and by looking at the 4-hour chart, we find positive crossover signs that started appearing on the stochastic indicator, in addition …
Read More »European shares rise after a big sell-off
European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …
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