The euro fell to its lowest level in 20 years on Tuesday as Europe’s concerns about energy supplies and economic growth worsened, while the dollar rose against major currencies, supported by inflows in the currency, which is considered a safe haven. The euro reached 0.9909 dollars, the lowest level since …
Read More »European shares continue their losses, affected by high energy prices and fears of recession
European shares extended losses on Tuesday as investors awaited an important batch of economic data to gauge the strength of companies in a hyperinflationary environment while rising energy prices and a weak economic outlook prevailed. The pan-European Stoxx 600 index fell for a third straight session and fell 0.2 percent, …
Read More »Nikkei falls for the fourth consecutive session amid fears of an interest rate hike
Japan’s Nikkei fell for a fourth straight session Tuesday, August 23, tracking Wall Street, which posted losses overnight, ahead of the Federal Reserve’s symposium later this week, while airline and retail shares jumped on news of a possible loosening of border controls to control China. COVID-19. The Nikkei fell 1.19% …
Read More »Dow Jones achieves bearish targets, pressure is in place 23/8/2022
Oil, Crude, trading
Read More »Canadian dollar retests support 23/8/2022
The Canadian dollar touched the first mentioned ascending target during the previous session, at 1.3050, recording its highest level at 1.3060. Technically, the pair hit the strong resistance level represented by the target of 1.3050 to witness the current movements a bearish slope accompanied by the clear negative signs on …
Read More »GBP Sterling continues to suffer from strong dollar 23/8/2022
Oil, Crude, trading
Read More »Oil rests on support again 23/8/2022
Mixed trading tilted to the positive dominated the US crude oil futures prices yesterday, to witness the current movements return to the bullish track and hovering around its highest level during the early trading of the current session 91.00. Technically, the positive motive for the 50-day simple moving average supports …
Read More »The euro continues to lose against the US dollar 23/8/2022
The euro continues to bleed losses against the US dollar, as we expected during the technical report issued yesterday, heading to touch the target price station at 0.9940, recording its lowest level during the morning session of today’s session 0.9925. Technically, the pair is trading around pivotal areas that must …
Read More »Euro’s Parity Revisited As Dollar Surges
The Euro is under pressure as Russia to halt gas supplies, while the Chinese Yuan dips to nearly 2-year low as PBOC eases policy again. The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing …
Read More »Japanese stocks fall, tracking Wall Street losses
Japanese stocks closed lower on Monday as technology heavyweights led the decline after Wall Street slumped amid rising bond yields at the end of last week. The Nikkei index fell 0.47 percent to 28,794.50 points, recouping some of its losses in early trading on the impact of China’s cut interest …
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