Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …
Read More »European shares rise at the open, supported by the rise in banking shares
European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …
Read More »Nikkei closes at its highest level in more than two weeks
Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …
Read More »Dow Jones tries to maintain gains 12/9/2022
Oil, Crude, trading
Read More »CAD continues its gradual decline 12/9/2022
The Canadian dollar was able to achieve the expected bearish minor correction during the last trading sessions of the week ending last Friday, touching the required target at 1.2980 and recording its lowest level at 1.2980. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and …
Read More »GBP continues to advance against USD 12/9/2022
Oil, Crude, trading
Read More »Oil hits resistance 12/9/2022
US crude oil futures prices were able to compensate for part of their losses, to achieve remarkable increases at the end of last week’s trading, within the expected bullish path, surpassing the official target that is required to be achieved at the price of 85.80, recording the highest level of …
Read More »Euro continues its corrective rise against dollar 12/9/2022
Positive movements dominated the Euro against the US dollar, beginning to form a corrective ascending wave, heading to touch the required target during the previous analysis at 1.0130, recording its highest level at 1.0124 during the early trading of the current session. On the technical side, the simple moving averages …
Read More »Wells Fargo: Dollar to remain strong through the end of 2022
Wells Fargo’s Analysts believe that the strength of the US dollar will continue through the end of 2022. They point out that despite a more aggressive pace of tightening from foreign central banks, they doubt international policymakers will be able to keep pace with the tightening cycle laid out by …
Read More »Nikkei ends week higher in monetary tightening environment
Japanese stocks rose on Friday, extending gains from the previous day, even as investors digested the hawkish rhetoric of policymakers that strongly supported expectations of big interest rate hikes to curb inflation. The Nikkei index closed up 0.53 percent to 28,214.75 points. The benchmark index started trading up 0.5 percent …
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