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US crude oil futures prices could continue achieving the bearish targets as we expected, bypassing the official price target station of 86.50 to record the lowest level at 85.97. On the technical side, the current movements are witnessing a bullish trend, as a result of the price gaining positive momentum …

Substantial losses dominated gold prices during the previous trading session, within the expected negative outlook, touching the first target that is required to be achieved at 1695, and it is approaching by a few points from the second target 1686, to be satisfied with recording $1688 per ounce. Technically, by …

After several consecutive sessions in which we committed ourselves to neutrality due to conflicting technical signals and trading within a narrow sideways range between 0.9980 and 1.0050, and after several attempts by the euro to consolidate against the dollar, yesterday’s trading witnessed a bearish tendency. We pointed out that breaking …

September brought some additional recession-related concerns to almost all financial markets, however; the American dollar surged, helped by positive US data and the negative market sentiment.The EUR/USD pair trades around 0.9950, while GBP/USD plunged to 1.1497, now trading around 1.1540. Commodity-linked currencies finished the day mixed, as AUD/USD is down …

Proposals Iran sent a constructive response to US proposals concerning efforts to revive the 2015 nuclear pact with global powers according to Iranian Foreign Ministry spokesperson Nasser Kanaani.“The text that was sent by Iran has a constructive approach aimed at finalizing the negotiations”, Kanaani said on early Friday.Iran’s response was …

At the time of writing, gold trades around $1695.60. in order to defend its stance, Gold attempted to build a fort near $1,690 on Thursday after a steep retreating move. Gold seeks a chance to rebound; such a pullback could push gold above the psychological resistance of $1,700.00.The downtrend will …

This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

Bitcoin fell below $20,000 for a sixth successive trading session, the longest streak under the same closely-watch level since the crypto market was quacked by crisis in July. The largest cryptocurrency by market value declined as much as 3.1% to $19,577 on Thursday. Most other digital coins were also lower, …

Crude oil is facing fresh lows on the day as commodities are served a new blow by news on China’s covid levels and probable lockdown risks.Global growth concerns and the Iran deal talks are affecting oil’s price action. prices are continuing downside on Thursday as a combination of the lockdowns …

Eurozone bond yields sharply surged on Thursday and the Italian 10-year yield breached 4% for the first time since June, but this happened only briefly. Traders continue betting on a jumbo interest rate hike in next week’s ECB monetary policy meeting.Eurozone money markets on Thursday were discussing the 85% chance …