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 …
Read More »European shares continue to decline and attention turns to US inflation data
European shares fell on Thursday, dragged down by technology and real estate stocks, while investors focused on US inflation data to be released later on Thursday for indications of the direction of the Federal Reserve’s rate hike. By 0714 GMT, the pan-European Stoxx 600 index fell 0.6 percent, to record …
Read More »Nikkei falls as market focuses on US inflation data
Japanese stocks fell on Thursday, as investors awaited important US inflation data that could influence central banks’ statements around the world regarding interest rate hikes. The Nikkei index started the session higher, but gave up its early gains and fell 0.6 percent to close at 26,237.85 points. The broader Topix …
Read More »European shares fall due to mixed business results
European shares fell on Wednesday after a batch of mixed business results highlighted the impact of tight monetary policy and rising inflation on corporate earnings. The pan-European STOXX 600 index fell 0.2 percent by 0706 GMT, the sixth consecutive session of losses, with the real estate and banking sectors leading …
Read More »Dollar is rising and yen is approaching a level that previously called for intervention
The dollar climbed back to September’s highest levels in years on Tuesday, as investors worried about rising interest rates and geopolitical tensions, while the Japanese yen fell close to the level that called for intervention last month. Strong US labor market data and expectations of continued inflation expected to be …
Read More »Japanese stocks fell to the lowest level in two weeks due to the sale of technology shares
Japanese stocks posted their worst daily performance on Tuesday in more than two weeks as index-heavy tech stocks fell after a sell-off in global markets. Still, travel-related stocks rose when Japan reopened its borders to regular tourism. The Nikkei index fell 2.64 percent after returning to trading from the weekend, …
Read More »Dow Jones fails to bottom 11/10/2022
Oil, Crude, trading
Read More »CAD breaks through resistance, positivity remains 11/10/2022
Remarkable rises dominate the movements of the Canadian dollar at the beginning of this week’s trading, taking advantage of the strong support floor at 1.3750. Technically, the positive motive from the 50-day simple moving average supports the continuation of the rise and is motivated by positive momentum signals on the …
Read More »GBP pressing support, confirmation of break extends losses
Oil, Crude, trading
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