Breaking News

Evening update for currencies & commodities 16/8/2017

News Date: 16/8/2017 05:45:29
 

The EURUSD pair keeps its consolidation above the important support 1.1704, to keep the bullish trend valid for today, carried by the ascending channel mentioned this morning, waiting to surpass 1.1783 to confirm the continuation of rising towards 1.1910, while the price needs to settle above 1.1704 and 1.1675 levels to guarantee the continuation of the expected bullish trend.

Sterling rises on its way to return to the main bullish trend, waiting to surpass 1.2930 then 1.3000 levels to confirm getting rid of the correctional bearish pressure and continue the bullish trend on the short term basis, noting that breaking 1.2850 will put the price under more negative pressure to head towards 1.2749 as a next target.

The USDJPY pair begins to test the important resistance at 111.00, waiting to surpass this level to confirm the continuation of the bullish trend towards our next target at 112.00, reminding you that settling above 109.90 is important to continue the expected rise.

Gold prices witness stability since morning and still around 1270.00, and the bullish trend remains dominant conditioned by settling above 1255.77, noting that our waited positive targets begin at 1295.46 then 1320.00.

Crude oil still stable below the previously broken support of the ascending channel, to keep the bearish trend expected for today, as its targets begin at 47.22 and extend to 46.23, while its continuation requires settling below 48.44.

Sponsored by: CloudsIndex.com

Latest news

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%. And in light of OPEC
10-2022 05 04:16:02

The US dollar fell to its lowest level in two weeks at the beginning of trading on Tuesday, due to the high risk sentiment, while the sterling pound maintained its recent gains after the British gove
10-2022 04 07:12:28

Japanese stocks opened today’s trading on a positive note, dragging its indices to the upside, especially chips and energy stocks. So, the Nikkei index rose by 1.07% to reach 26,215.79 points,
10-2022 03 03:36:24

Wall Street closed yesterday evening sharply lower, because of some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's c
09-2022 30 03:07:57

The futures contracts for oil witnessed an increase, as it rose by 0.16%. According to the New York Mercantile Exchange, the futures contracts for crude oil were traded in November at 82.02 dollars p
09-2022 29 02:42:06

More News

Logs

Advertisements