Daily reviews

News of the day, Friday, July 1

European stock futures are lower today as investors are worried about the global economic outlook. The DAX futures are 0.9% lower, the CAC 40 futures dropped 0.7%, and the FTSE 100 futures fell 0.5%.

The U.S. dollar is higher today near the highs …

Gold continues its bearish movement, as it managed to break the support level at 1800.00, approaching the main target at the value of 1790.00 and thus continues. We have the bearish scenario, which is likely to extend to the level of 1783.00 in the medium term.

The price is affected …

The pound against the dollar continues to move below the resistance level of 1.2200, where it formed a bullish bounce and tested the resistance before completing the descending path, which is actually confirmed by the price breaching the support level 1.2110.

The bearish movement has a negative effect on the …

The EURUSD pair rebounded to the upside in an attempt to correct the bearish path and reached the resistance level 1.0475, to return to the bearish movement, affected by the negativity of the stochastic indicator, which forms a bearish crossover in the overbought area. Trading remains below the resistance level …

The dollar against the Japanese yen pair continues its bearish movement after forming a double top pattern that pushed the price lower and breaching the 50 average level, which was a support level for the price. It is currently approaching the next support 134.35.

Therefore, the bearish scenario will continue, …

News of the day, Thursday, June 30

Oil prices decreased today amid global supply worries. Brent crude futures were down 0.4%, and WTI crude futures fell 0.5%.

Stocks slid today because of massive inflation concerns. The Euro STOXX dropped 1.53%, the DAX slid 2.34%, the CAC 40 fell 2.1%, and …

Gold prices stabilized below the support level of 1827.20, thus the price confirms the downside path after testing the resistance 1830.00 at the trend line and the moving average 50.

After that, it rebounded lower towards the next support level 1810.90, and the bearish movement is likely to extend towards …

The pound against the dollar continues its bearish movement, as it confirmed the breach of the 1.2200 support level and is approaching the next support 1.2100.

We are likely to see some correction to the upside as a result of the positive signal that comes from the stochastic indicator, and …

The EUR/USD pair was able to break the support level 1.0475, thus starting the descending path towards the support level 1.0400, which is likely to continue the bearish scenario provided that trading remains below the support level 1.0475.

The price is currently forming a rebound upward movement, as a result …

News of the day, Wednesday, June 29

Wall Street closed sharply lower yesterday amid recession fears. The S&P and Nasdaq lost about 2% and 3% respectively, with Apple, Microsoft, and Amazon losing the most.

Oil prices fell today after three days of a rally with Brent crude down 0.8%, and …