Japan’s Nikkei gave up most of the morning’s gains during the overnight session, to close below the 27,000-point level on Monday, as investors worried about the outlook for the Chinese economy. The index ended trading up 0.31 percent at 26,974.90 points. Out of 225 stocks on the index, 133 rose …
Read More »Dow Jones trying to bottom 24/10/2022
Oil, Crude, trading
Read More »CAD trying to build on support 24/10/2022
Negative trading returned to control the Canadian dollar after hitting the resistance level of 1.3850, which forced the pair to trade negatively again, touching the level of 1.3610. Technically, and carefully considering the 4-hour chart, we find the pair trying to build a base on the 1.3680 support level and, …
Read More »GBP may fall 24/10/2022
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 …
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