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Oil, Crude, trading

US crude oil futures prices declined after several consecutive sessions of ascending to find a strong resistance level near 83.80. This forced it to trade negatively again, gradually approaching the bearish target published during the previous report 82.00, recording its lowest level at 82.27. Technically, and upon closer look at …

As we expected, gold prices continue to decline, touching the official target station during last week’s trading at 1913, recording its lowest level at $1912 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation of the negative intersection of the simple moving averages, …

Negative trades dominated the movements of the euro-dollar pair within the expected general bearish path, in which we relied on the stability of intraday trading below the 1.1000 level, and in general, below the main resistance of 1.1030, recording its lowest level during the morning trading of the current session …

After a quiet trading week’s beginning on Monday, storms came one after another though Tuesday was ted to be quiet in terms of economic data; the first storm impacted commodities, because in response to data that suggested a potential global economic slowdown, risk appetite deteriorated on Tuesday, and the EUR/USD …

The US Dollar Index kept advancing and rallied for a fourth week in a row. It reached its highest point for the week, close to the 103.00 level, since June. The stock markets didn’t shift much as caution predominated. While continuing its seven-week rising trend, crude oil briefly retraced after …

For the sixth day in a row, the USD/JPY pair has been trading in the green near the 145.00 level. Due to stronger-than-expected US PPI data from July and investor expectations for the Bank of Japan (BoJ) to adopt a more dovish attitude, the dollar is appreciating and the Yen …

Gold price registered losses for the third straight week, with concerns over China’s economic stability continuing to weigh on the precious metal’s price. Gold failed to build on last Friday’s gains and started the week on a bearish note. Gold is trading at $1912.90 per ounce at the time of …

Wall Street is mixed as investors analyze inflation and consumer sentiment reports for potential clues about the Fed’s interest rate move. The S&P 500 added 0.4% in the early going, but the benchmark index is still on pace for its second losing week in a row. Most Wall Street traders …

USD/CAD has lost ground due to hot PPI data from the US, which rose to 2.4% YoY in July. Higher oil prices have helped the Canadian dollar trade strong against most rival currencies. The US dollar is trading mildly stronger due to the hot Producer Price Index (PPI) from July …