Markets swing between optimism about commercial negotiations and inflation

2 days ago

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Markets swing between optimism about commercial negotiations and inflation

An economic report said: The global markets swing between signs of a breakthrough in the American-Chinese commercial negotiations, and continuous pressures from inflation data, which prompts the indicators of stocks, oil, gold and the dollar to different paths. Finance, Energy and Minerals. Porse is less than 2% than its highest level ever, after he recovered with more than 21% of its lowest levels in April during the wave of fluctuations resulting from customs duties. /> The market also supported data that showed a slight recovery in the confidence of small companies, in light of the declining fears of customs duties and the increasing optimism about the Trump Law on the Greater Tax and spending law. The indicator moves in a clear upscale trend on the daily chart, where the candle movement is respected for the rising trend line. The index faces technical resistance close to the level of 6,055 points, which represents the upper boundary of the emerging canal. Hacking this level may enhance the upward morale and pave the way to return to the historical summit at 6,147 points. Speaking by 0.04%, while he recorded an additional increase of 0.09% during the Asian session on Wednesday. The indicator, and a candle appeared "Duji Al -Yasaf" (Dragonfly Doji) – A candle with a small body and a long lower lower reflect reflects a refusal to decline and technical support – which maintained the stability of the index above the level of 99, pending the issuance of American inflation data that is expected to raise the pace of fluctuation in the market. This reflects the fluctuation of trend in the short term, especially with the circulation of the RSI index (RSI) below the level of 50.

and the immediate resistance remains at 99.39 points that represent a major obstacle to the continuation of the rise, followed by the following resistance at 99.66 points (the May 30 Summit). Calming commercial tensions between Washington and Beijing, in light of reaching an initial understanding framework, the reduction of Chinese restrictions on the export of rare minerals, in exchange for reducing American restrictions on advanced chips exports to China. During the next stage. This decline comes in light of fears of the weak Chinese demand and the high production of the OPEC+Group. The markets are also awaiting the issuance of the American oil stocks report from Energy Information Administration (EIA) at 6:30 pm Gulf time, which is expected to draw the features of the demand for the near -term. Yesterday’s session and declined from it. Breaking this level may pay prices to test the level of $ 64.58, which is a previous penetration level. While the current resistance is located at $ 65.40, followed by $ 66.24, and its penetration would enhance the upscale momentum. This cohesion reflects the continuation of the uncertainty associated with customs fees. Real for economics. />
In today’s session, gold increased by 0.41% to 3,336 dollars, trading higher than the moving average for 21 days at 3,304 dollars. On the four -hour graph, the price moves within a parallel rising channel. "Sanchry Financial"Breaking the level of $ 3,343 may indicate a short -term bullish momentum with a possible targeting of a level of $ 3,371, while in the event of decline, the price may return to the channel support test at $ 3,323.