crude oil analysis Oil prices find it difficult to stay at high levels, oil behaving strangely– we saw strange behavior – every time crude oil show strong move down it came back to higher numbers since may, but this month it’s not the case ! Crude oil reached all-time high since 2014 to almost 77$ and then went down sharp…
Turkish lira analysis after Turkish lira having already lost nearly 40 percent of its value this year against the dollar, we saw a big recover and Turkish lira traded below 6 again – today rate standing on 5.53 Turkish lira per 1 USD – The Turkish lira firmed as far as 5.53 against the USD, its best level since AugustTurkey caved in…
Stock Markets Technical analysis update Has the crash reached financial markets and a new era is ahead of us? US Stocks rose yesterday after the release of strong quarterly results helped the market recover from last week’s sell-off. Dow Jones surged more than 500 points, S&P 500 gained up more than 2 percent, Nasdaq advanced almost 3 percent. major large-cap…
Stock Markets Technical analysis Has the crash reached financial markets and a new era is ahead of us? Global stock markets staged a mild rebound on Friday, one day after big losses sparked by heightened economic concerns, notably over rising US interest rates that have drawn attacks from President Donald Trump on his fed central bank.Dow Jones, S&P 500 and…
Stock Markets Technical analysis us stock exchanges closed last day as sharp declines as the leading technology index, Nasdaq, plummeted 4.1%, the worst day since June 2016. The Dow Jones Industrial Average fell 3.1%, the sharpest since February and the S & P 500 fell by 3.3%, the sharpest decline since February, and the VIX index, which measures market volatility…
Stock Markets Technical analysis SP 500 NASDAQ and DOW JONES drop down hard after settled new record, are we going to get a false breakout or its only a healthy correction for the last move –The markets set new highs after the big correction at the beginning of the year, where are they headed from here? Looking at the NASDAQ index you…
GBP USD TECHNICAL ANALYSIS The Pound cross down 1.3020 level but recover and continues to keep prices above the 1.30 level, last week the sterling went down till 1.2920 price level and closed the week gaining above 1.30on 1.3117 ,Reuters posted a piece regarding comments from an unnamed EU diplomat saying that the EU and Britain are very close to…
Turkish lira analysis TURKEY inflation rates soared to nearly 25 percent, latest data and political issue (American pastor that’s been detained in Turkey on terrorism charges could be released next month.The trial will take place on 12 October – The odds are now much more of a 50/50 probability event that has been the case ahead of previous hearings) only deepen the growing currency crisis…
GBP USD TECHNICAL ANALYSIS The Pound continues to keep prices above the 1.30 level but will it continue?Today we have the US interest rate announcement – an important figure in itself that will affect the entire Forex market and probably the pound,other than that the main driver of Sterling’s recovery is a more promising outlook for Brexit negotiations: even though…