US crude oil futures experienced significant losses, aligning with the anticipated downward trend, reaching the official targets at 77.60 and 76.85, and recording a low of $76.43 per barrel. From a technical perspective, the simple moving averages continue to support the bearish wave, bolstered by the Relative Strength Index (RSI), …
Read More »EUR continues to fall against the USD 24/7/2024
The euro declined against the US dollar as anticipated in our previous technical report, reaching the initial target of 1.0840, with the lowest trading level during the morning session at 1.0840. From a technical perspective, the 240-minute chart shows negative crossover signals from the simple moving averages, suggesting the likelihood …
Read More »European Shares Steady as Tech Gains Offset Miner Losses Amid Earnings and ECB Outlook
European stocks opened flat on Tuesday, with gains in the technology sector balancing out losses in metal miners. This balanced start follows the market’s best performance in over a month on Monday. Driving the technology sector’s upward momentum were strong earnings reports from software giant SAP and computer peripherals manufacturer …
Read More »Dow Jones: Bearish Momentum Builds 23/7/2024
Oil, Crude, trading
Read More »USD/JPY: Bearish Momentum Builds 23/7/2024
japanese-yen
Read More »GBP/USD: Narrow Range Trading with Bearish Bias 23/7/2024
Oil, Crude, trading
Read More »WTI: Bearish Momentum Builds, Further Downside Anticipated 23/7/2024
US crude oil futures prices experienced a significant decline in the previous trading session, reaching a low of $77.60 per barrel. Technical Outlook: The technical outlook has shifted to a bearish bias. The simple moving averages (SMAs) are now supporting the current downward wave, and the Relative Strength Index (RSI) …
Read More »EUR/USD: Range-Bound with Potential for Bearish Correction 23/7/2024
The EUR/USD pair is experiencing subdued trading at the start of this week, remaining below the key psychological resistance level of 1.0900. Technical Outlook: On the 240-minute chart, the Stochastic oscillator is gradually losing upward momentum, indicating a potential shift in sentiment. Additionally, the price is consolidating below the pivotal …
Read More »European Stocks Slump on Commodity and Tech Weakness, Mixed Earnings Add to Uncertainty
European shares faced a challenging day on Friday, extending their weekly losses as a combination of factors weighed on investor sentiment. The pan-European STOXX 600 index experienced a significant decline of 0.6%, reaching a two-week low, amid a widespread sell-off across various sectors. The travel and leisure sector suffered the …
Read More »European Shares Rise on Energy Gains, ECB Decision Looms
European shares experienced a modest rebound on Thursday, driven by gains in the energy sector, which offset declines in technology stocks. However, investor attention remained firmly fixed on the European Central Bank’s (ECB) impending interest rate decision. The pan-European STOXX 600 index edged 0.3% higher, breaking a three-day losing streak. …
Read More »