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Oil, Crude, trading

Marginal rise dominated the Canadian dollar’s movements within, but limited attempts to rise after the pair fail to stabilize for a long time above the resistance level of the psychological barrier 1.3500. Technically, and when looking closely at the 4-hour chart, we find that there is a conflict in the …

Oil, Crude, trading

Mixed movements dominated the prices of US crude oil futures contracts at the end of last week’s trading, to start with negativity again after recording its highest price, $73.55 per barrel. Technically, we tend to be negative in our trading, relying on the stability of intraday trading below the resistance …

Gold prices ended last week’s trading sessions with a noticeable increase, after several successive sessions of the aforementioned corrective decline, to record its lowest level at $1954 per ounce, to start an upward rebound as a result of the US dollar’s decline after Jerome Powell’s statements regarding interest rates. Technically, …

The euro-dollar pair ended its weekly trading last Friday with a limited rise, taking advantage of the US dollar’s decline and the pair’s consolidation above the support level of 1.0760. On the technical side today, the current movements of the Euro-dollar are witnessing stability around the top of 1.0830. With …

After last week’s stalemate, US president Biden on Sunday said he believes he has the authority to use the 14th Amendment to unilaterally address the debt ceiling, but acknowledged potential legal challenges could still lead to default. He said he is looking at the 14th Amendment as to whether or …

Gold climbs 0.89%, trading at $1975.05 per ounce at the time of writing, as the US dollar’s strength subsides, investors are now eyeing the $1980 resistance level.Fed Chair Jerome Powell’s comments and US Treasury Sec. Janet Yellen’s remarks on Friday were sufficient to shake the market, resulting in a significant …

After Republicans boycotted talks with President Biden over raising the debt ceiling, the price of oil reversed gains and fell on Friday. The US Dollar falls as demand for safe-haven assets declines as concerns over the debt ceiling ease; oil is primarily priced in USD. After House Speaker McCarthy left …

The recent banking crisis, which resulted in stricter lending regulations, has lessened pressure to raise interest rates, according to US Fed Chair Jerome Powell on Friday. “Our policy rate may not need to rise as much as it would have otherwise,” Powell continued. In relation to market expectations, Powell stated …