Trading tended to be positive, dominating the movements of the euro-dollar pair within the expected bullish context at the end of last week’s trading, approaching the resistance level of the psychological barrier 1.0600, which formed a strong resistance level that forced the pair to retest 1.0515. Technically, the pair is …
Read More »Stability of Dollar before the release of US producer price data
The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …
Read More »European stocks rise, supported by rise in the industrial and financial sectors
European stocks rose on Friday, as industrial and financial stocks rose on optimism related to China’s easing of anti-Covid-19 restrictions, while Credit Suisse jumped after news of a capital increase. The pan-European STOXX 600 rose 0.2 percent by 0810 GMT, and appeared to be heading for an increase after losing …
Read More »Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China
Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions. The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily …
Read More »Euro touched target and hit resistance 9/12/2022
The Eurodollar pair moved positively during the previous trading session after it succeeded in activating the pending purchase order mentioned yesterday at 1.0510, explaining that this can enhance the chances of a rise towards the first target 1.0555, recording its highest level at 1.0586. The technical side today indicates the …
Read More »European stocks are falling under pressure from telecom and utilities stocks
European stocks fell on Thursday, pressured by falling utilities and telecom stocks amid growing fears of an imminent recession. The Stoxx 600 index was down 0.1 percent by 0815 GMT. The index fell for the fourth consecutive session on Wednesday amid growing fears of slowing economic growth ahead of a …
Read More »Nikkei ends transactions near the lowest level in a month affected by economic concerns
The Japanese Nikkei index ended Thursday’s transactions near the lowest level in a month, affected by a weak closing of Wall Street amid economic concerns, as well as the results of companies’ business. The Nikkei fell 0.4 percent to close at 27,574.43 points, its lowest closing level since November 10. …
Read More »Euro hovering around resistance, confirmation of breach supports upside 8/12/2022
We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …
Read More »European stocks fell for the fourth day amid fears of a recession
European stocks fell on Wednesday, December 7, affected by investor anxiety, amid growing fears of a recession, although the strong push of the healthcare sector limited losses. The pan-European Stoxx 600 index fell 0.2%, extending its losses for the fourth consecutive day, after it began to recover from its fall …
Read More »Japan’s Nikkei index is at a 4-week low
Japan’s Nikkei average touched a four-week low on Wednesday, tracking a sell-off in technology stocks on Wall Street overnight, but gains in auto stocks helped limit losses. The Nikkei closed down 0.72% at 27,686.40, after dropping earlier to 27,646.78 for the first time since November 10. Tokyo Electron, which specializes …
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