European stock markets exhibited subdued trading on Tuesday, with losses in technology shares counterbalancing gains in consumer staple stocks, setting the stage for a mixed performance. The pan-European STOXX 600 index saw a marginal decline of 0.1% by 8:24 GMT, with a notable 0.6% downturn in technology shares. Economic Data …
Read More »CAD is gradually rising 19/3/2024
The Canadian dollar’s movements during the previous trading session followed an upward trend, with the currency breaking through the resistance level at the psychological barrier of 1.3500 and reaching a peak of 1.3543. Today’s technical analysis suggests a positive outlook, with a preference for stability above 1.3500 and support from …
Read More »USD/JPY jumps higher 19/3/2024
japanese-yen
Read More »GBP continues to fall 19/3/2024
Oil, Crude, trading
Read More »Oil making notable gains 19/3/2024
Yesterday, US crude oil futures prices surged as anticipated in the previous technical report, reaching a peak at $82.46 per barrel. From a technical standpoint, our trading bias remains positive, supported by the consistent movement within the upward price channel. Additionally, the presence of the simple moving averages and the …
Read More »Euro starts with negativity 19/3/2024
The EUR/USD pair faced strong selling pressure near the 1.0960 resistance level, leading to negative trades and a return to stability below the psychological barrier of 1.0900. From a technical perspective today, examining the 4-hour time frame chart reveals a bearish technical formation supporting the potential for further decline, along …
Read More »Dollar Poised for Weekly Gains Amid Central Bank Anticipation
The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …
Read More »European Shares Show Muted Activity Yet Head for Weekly Gains
European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …
Read More »CAD making notable gains 15/3/2024
An upward trend dominated the movements of the Canadian dollar during the previous trading session after it was able to penetrate the resistance level of the psychological barrier 1.3500, recording its highest level at 1.3543. From the technical analysis angle today, we are leaning toward positivity, relying on stability above …
Read More »USD/JPY is trying positively 15/3/2024
japanese-yen
Read More »