The EUR/USD pair managed to secure some gains during the preceding trading session, reaching the initial target of 1.0970, representing the 61.80% Fibonacci correction and achieving its highest level at 1.0963. From a technical standpoint today, examining the 4-hour time frame chart reveals that the 1.0960 level, corresponding to the …
Read More »Hawkish FOMC minutes stir some US Dollar momentum
The DXY Index rose to 103.65, up by 0.20%. FOMC members considered that the progress on inflation is “limited”. The US yields are still down on the day, limiting the US Dollar’s advance.In Tuesday’s session, the US Dollar Index traded with 0.20% gains around the 103.65 area as investors seemed …
Read More »Limited movements in European stocks amid losses in the financial sector
European stocks recorded limited movement on Tuesday amid a decline in the financial sector that offset gains in mining stocks, while investors continue to search for evidence to support expectations that major central banks have finished raising interest rates. The European STOXX 600 index rose 0.1 percent by 0810 GMT. …
Read More »Nasdaq makes big gains 21/11/2023
Oil, Crude, trading
Read More »Dow Jones Jumps on Wall Street 21/11/2023
Oil, Crude, trading
Read More »CAD maintains negative stability 21/11/2023
The technical outlook for the pair remains largely unchanged, with movements showing continued negative stability following strong resistance levels around 1.3770. In terms of technical analysis today, a closer examination of the 4-hour timeframe chart reveals the emergence of a resistance level around 1.3770 formed by the simple moving average, …
Read More »USD/JPY continue to fall 21/11/2023
japanese-yen
Read More »GBP continues to rally against USD 21/11/2023
Oil, Crude, trading
Read More »Oil retests support 21/11/2023
US crude oil futures prices experienced substantial gains during the initial trading sessions of the week, approaching the official target of 78.30 and reaching its highest level at $78.42 per barrel. From a technical perspective, prices encountered a robust resistance level around 78.40, prompting a consolidation below the psychological barrier …
Read More »Euro extends its gains 21/11/2023
The euro exhibited a positive surge against the US dollar, in line with our expectations, reaching the official target station outlined in the previous technical report at the price of 1.0970. The currency pair recorded its highest level during the early trading of today’s session at 1.0964. From a technical …
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