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Oil, Crude, trading
Read More »GBP extends losses 2/9/2022
Oil touches the descending targets and may witness a temporary recovery 2/9/2022
US crude oil futures prices could continue achieving the bearish targets as we expected, bypassing the official price target station of 86.50 to record the lowest level at 85.97. On the technical side, the current movements are witnessing a bullish trend, as a result of the price gaining positive momentum …
Read More »Euro is facing selling pressure; continuation of the decline needs confirmation 2/9/2022
After several consecutive sessions in which we committed ourselves to neutrality due to conflicting technical signals and trading within a narrow sideways range between 0.9980 and 1.0050, and after several attempts by the euro to consolidate against the dollar, yesterday’s trading witnessed a bearish tendency. We pointed out that breaking …
Read More »The yen hits its lowest level against the dollar in 24 years
The dollar rose broadly on Thursday, September 1st, especially against the yen, as investors geared up to get higher interest rates in the US, while not expecting Japanese rates to move. The dollar hit a 24-year high of 139.69 against the yen in early Asian trade, up 0.5% from yesterday’s …
Read More »European shares hit 7-week low as interest rate hike fears grow
European shares started September sharply lower, as concerns about sharp increases in interest rates and record inflation rates in the region pushed the STOCK 600 index to its lowest level in seven weeks Thursday 1 September. The European index fell for the fifth consecutive day, falling 0.8% by 0715 GMT. …
Read More »Japan’s Nikkei hits one-month closing low as chipmakers falter
Japan’s Nikkei hit its lowest closing level in a month on Thursday, weighed down by losses in chip-related stocks after Nvidia was hit overnight by a US order to halt sales of the top artificial intelligence chip maker to China. The Nikkei fell 1.53 percent to close at 27,661.47 points, …
Read More »Dow Jones deepens losses 1/9/2022
Oil, Crude, trading
Read More »CAD Continues to achieve the emerging goals 1/9/2022
A bullish trend dominates the movements of the Canadian dollar within the expected positive outlook this week after the pair established a solid support floor of around 1.2860, achieving the required target yesterday at 1.3130 and heading to touch the second target of 1.3185. Technically, the pair started its daily …
Read More »GBP is the biggest loser against USD 1/9/2022
Oil, Crude, trading
Read More »Oil may extend its losses 1/9/2022
Significant losses witnessed the movements of US crude oil futures prices after it failed to maintain trading above the main support level of 93.50 to start a strong downward trend as we expected yesterday, surpassing the required target of 89.50 to record its lowest level at 88.23. Technically, prices settled …
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