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Oil, Crude, trading

The Canadian dollar achieved some modest positivity during the previous trading session, with a view of retesting the 1.3460 resistance level to settle for recording the highest at 1.3445. Technically, and by looking at the 4-hour chart, we notice the stability of the RSI around neutrality areas, in addition to …

Oil, Crude, trading

Positive trades dominated the prices of US crude oil futures contracts, invalidating the official bearish scenario as we expected after it managed to build on stability above the support level of 74.30 and after succeeding in breaching the resistance of 75.60, explaining that the rise above 75.60 can thwart the …

We adhered to intraday neutrality during the previous decision due to a conflict between the technical signals. However, we made it clear that breaching the 1880 resistance level could consolidate gold gains to visit our first target for the previous report at 1887, so that gold prices recorded their highest …

Positive, calm trades dominated the movements of the EUR/USD pair within the expected bullish path and a gradual rise to the top, touching the first target to be achieved yesterday at 1.0780, recording its highest level at 1.0778. Technically, we find the current movements of the pair trying to settle …

The US Dollar Index has displayed negative performance for the second consecutive day around seven-month low. Dovish comments from Fed officials as well as mixed US data are among factors that do renew hopes for slowing down the pace of rate hiking and this tendency could hamper the DXY. Risk-on …

The annual CPI is expected to decline to 6.5% from 7.1% in November and see the Core CPI, which excludes volatile food and energy prices, edging lower to 5.7% from 6%. On a monthly basis, the CPI is forecast to stay unchanged while the Core CPI is expected to rise …

The EUR/USD pair rallied benefiting from the weaker US dollar and ECB hawkish commentary. The US central bank Chair Jerome Powell’s speech on Tuesday did not provide any guidance concerning the future of the US monetary policy ahead of the awaited Thursday’s US CPI report with estimates at 0% MoM …

Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce earlier on Wednesday. At the time of writing the precious metal is trading at $1876.80 per ounce.Investors normally flock to assets that offer regular returns, such as government bonds, when interest rates are …