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Japan’s Nikkei closed higher on Tuesday, led by blue-chip Fast Retailing, as investors scrambled to buy shares battered by a global sell-off, with the US Federal Reserve repeating its stance of maintaining its hawkish policy of raising interest rates. The Nikkei index closed up 0.53 percent at 2,6571.87 points, rebounding …

Oil prices rose more than 1 percent on Tuesday, after plunging to a nine-month low the previous day, amid signs that the OPEC+ alliance may begin to cut production to avoid a further price collapse. US NYMEX crude rose to levels near $78 a barrel during these moments of trading …

Oil, Crude, trading

A strong rise for the Canadian dollar within its highest levels in several years, attacking the 1.3800 level, recording the highest 1.3810, after establishing good support around 1.3620. Technically, and by looking at the 4-hour chart, we notice the overbought signs that started to appear on the stochastic indicator and …

Oil, Crude, trading

US crude oil futures prices declined, recording $76.30 per barrel within the strong selling wave that the markets were exposed to at the end of last week’s trading. Technically, trading stability below 78.00 supports the possibility of a drop, in addition to the negative crossover of the simple moving averages …

Gold prices continue to achieve losses against the aggressive rise of the US dollar, recording its lowest level during the first trading of this week, $ 1621 per ounce. Today’s technical aspect indicates the possibility of resuming the bearish directional movement, adopting the criteria of dealing with descending price channels, …

The general bearish directional movement still dominates the movements of Euro against USD within weak bullish attempts that targeted a retest of 0.9700, and it returns to trading negatively again. On the technical side, with a closer look at the 240-minute chart, we find that the negative crossover of the …

The US dollar was able to maintain its uptrend momentum and soared at the beginning of the week, pushing major pairs into fresh multi-year lows. The GBP/USD pair nosedived to record 1.0317 low and now trades around 1.0690, still down on the day. The Bank of England was expected to …

EUR/USD has hovered around 0.9610 as the market players’ focus shifts to US Durable Goods Orders data. Costly durable goods and accelerating interest rates have trimmed expectations for US economic data.ECB Lagarde’s speech provide clues for likely monetary policy action ahead. The EUR/USD pair is displaying back-and-forth moves in a …