US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …
Read More »CAD starts on a positive note 16/8/2022
The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …
Read More »GBP sees a technical structure that supports the decline 16/8/2022
Oil, Crude, trading
Read More »Euro confirms breaking the support 16/8/2022
The euro started its first weekly trading with a noticeable decline against the US dollar after it found a pivotal resistance level of 1.0350 that forced it to decline, confirming the breach of 1.0275, and then 1.0200, recording its lowest level yesterday at 1.0147. Technically and carefully looking at the …
Read More »European stocks rise, weak Chinese data raises concerns
European shares rose on Monday, boosted by fresh gains in healthcare shares. At the same time, signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and important consumer products that are usually seen as immune to economic cycles. The pan-European Stoxx 600 index rose 0.3 …
Read More »Nikkei hits 7-month high on Wall Street optimism and strong earnings
Japan’s Nikkei index jumped on Monday to its highest level in more than seven months, buoyed by Wall Street’s gains at the end of last week, as strong corporate earnings increased risk appetite and prompted investors to snap up falling stocks. The Nikkei rose 1.14 percent to 28,871.78 points, extending …
Read More »Nikkei closes at 7-month high on hopes of slowing US rate hike
Japan’s Nikkei index closed at a seven-month high on Friday, led by SoftBank Group and other technology heavyweights, as signs of slowing inflation in the United States raised hopes of a less sharp interest rate hike by the Federal Reserve and boosted appetite. on the risk. The Nikkei average jumped …
Read More »Dow Jones maintains its gains 12/8/2022
Oil, Crude, trading
Read More »CAD touches the descending goal and confirms the break 12/8/2022
The Canadian dollar succeeded in achieving the negative outlook as we expected during the previous analysis, touching the first target to be touched at 1.2720, recording the lowest level at 1.2725. Technically, and with the pair’s success in breaking the support line as shown on the 4-hour chart, the pair’s …
Read More »GBP facing negative pressure, eyes on GDP 12/8/2022
Oil, Crude, trading
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