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Oil, Crude, trading
Read More »GBP repeats the chances of a cautious rise
Oil prices go down 17/10/2022
US crude oil futures prices declined, nullifying the expected bullish context during the last analysis, in which we depended on the stability of daily trading above 86.65. Technically, and by looking at the 240-minute chart, we find the stability of the intraday trading below 87.00 that supports the decline, in …
Read More »Euro awaits pending orders 17/10/2022
The single European currency reached the first required target last Friday at 0.9810, which formed a strong resistance level, causing the euro to fail to stabilize over the psychological barrier of 0.9800. From the angle of technical analysis today, the pair is now hovering above the support floor level of …
Read More »Japan shares rise to the highest level in 7 months
Japanese stocks rebounded on Friday, boosted by the strong performance of Fast Retailing as investors appeared to ignore US inflation data that fueled bets for a US Federal Reserve interest rate hike next month. The Nikkei average rose 3.25 percent to 27,090.76 points, its biggest daily percentage gain since March …
Read More »Dow Jones repeats the chances of rising 14/10/2022
Oil, Crude, trading
Read More »CAD hits the resistance 14/10/2022
The Canadian dollar declined quickly yesterday after hitting the resistance level of 1.3980, which forced it to trade negatively, and it is now hovering around the psychological support floor of 1.3700. Technically, we tend to the negativity, relying on the negative crossover of the simple moving averages that pressure the …
Read More »GBP building on the negative performance of USD
Oil, Crude, trading
Read More »Oil resumes its rise 14/10/2022
US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …
Read More »Euro is trying positively against USD 14/10/2022
Positive trades dominated the euro’s movements against the US dollar during yesterday’s trading, trying to build on the 0.9740 support floor. Technically, and carefully looking at the 240-minute chart, we find the pair is moving above the 50-day simple moving average, accompanied by the beginning of positive signs appearing on …
Read More »Pound rose in volatile trading, and yen fell near the 1998 level
The British pound rose on Thursday in volatile trade as investors awaited the imminent deadline set by the Bank of England to end its emergency bond purchase program. The fragile yen approached a new 24-year low as markets worried before US inflation data was released later on Thursday, looking for …
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