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 »Dow Jones: Bullish Momentum Remains Strong, Further Upside Potential 18/7/2024
Oil, Crude, trading
Read More »USD/JPY: Bearish Momentum Builds After Failure to Breach Resistance 18/7/2024
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Read More »GBP/USD: Strong Bullish Momentum, Upside Potential Ahead 18/7/2024
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Read More »WTI: Bullish Momentum Resumes, Eyes on Further Upside 18/7/2024
WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …
Read More »EUR/USD: Strong Bullish Momentum, Upside Potential Ahead 18/7/2024
The EUR/USD pair has continued its upward trajectory, reaching our previously identified target of 1.0950 and peaking at 1.0948, confirming the positive outlook outlined in the previous technical report. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is trading within an ascending price channel, …
Read More »European Stocks Dip on ASML’s Dim Outlook and US Trade Restriction Concerns
European shares opened lower for the third consecutive day on Wednesday, primarily dragged down by Dutch semiconductor firm ASML’s disappointing forecast and apprehensions over potential stricter trade rules from the United States. Key Points: STOXX 600 Declines: The pan-European STOXX 600 index experienced a 0.3% drop, with the technology sub-index …
Read More »Dow Jones: Potential for Brief Correction Amidst Bullish Trend 16/7/2024
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Read More »USD/JPY: Mixed Signals, Upside Potential with Caution 16/7/2024
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