Daily reviews

News for today, October 22nd:

On Friday, Asian tech stocks rallied together with their U.S. peers, while Chinese property stocks rallied after indebted China Evergrande Group unexpectedly paid interest on dollar bonds. According to a Reuters source, on Thursday China Evergrande Group transferred $ 83.5 million in coupon payments to …

The dollar against the yen pair achieved a strong breach of the 114.10 level, and declined to head towards a possible visit to support the ascending channel around 113.40, so that the bearish bias is likely in the upcoming sessions, regular within the bearish intraday channel that appears on the …

Gold price did not show any strong movement yesterday, to continue fluctuating around 1785.00, therefore, there is no change in the bullish trend scenario that depends on stability above 1770.00, supported by the positive signs provided by the stochastic indicator now, reminding you that our expected targets start at 1797.00 …

The dollar against the yen pair faced temporary negative pressure yesterday, to test the pivotal support 114.10 and maintain its stability above it, as it starts providing positive trades now, noting that the stochastic indicator provides a positive crossover signal on the four-hour time frame, waiting to stimulate the price …

Gold price continues to rise gradually to approach our awaited target at 1797.00, and obtains continuous support from the EMA50, noting that breaching this level will extend the bullish wave to reach 1825.15 as a next positive station.

The current negativity of the stochastic indicator may cause some temporary sideways …

News for today, October 21st:

In early European trading on Thursday, the dollar consolidated at lower levels after a resurgence of fears over a real estate crisis in China that interrupted high-yielding currencies.

Asian stocks tumbled on Thursday as the optimistic sentiment that drove the Dow Jones and Bitcoin to …

The dollar against the yen pair was able to breach the resistance of the bullish triangular flag to push upwards and achieve the expected target at 114.70, and we suggest the continuation of the bullish bias to reach the 115.00 barrier as a next station, noting that breaching this level …

Gold price consolidated above the 1770.00 level, and begins to provide positive trades at the opening of the day, accompanied by the stochastic indicator reaching the oversold areas, to provide a positive stimulus that we wait for the price to visit the 1797.00 level initially.

Therefore, the positive scenario will …

News for today, October 20th:

Oil futures rallied yesterday and were close to multi-year peaks, as the global power crisis continues and cold temperatures in China rekindle concerns on whether the world's largest energy consumer will be able to meet domestic heating needs. Electricity shortages that are driving the prices …

Gold price starts today’s trading with an upward bias to breach the 1770.00 level and settle above it, which leads the price to achieve expected intraday gains in the upcoming sessions, targeting testing the 1797.00 level initially.

Therefore, we expect to witness more rise today, taking into consideration that breaking …