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Oil prices rose on Thursday, recouping earlier losses fueled by fears of a recession in the US and increased Russian oil exports offsetting the impact of OPEC production cuts. By 0039 GMT, Brent crude was trading at $78.04 a barrel, up 35 cents, or 0.45 percent. US West Texas Intermediate …

Oil, Crude, trading

The bullish trend still dominates the Canadian dollar’s movements, with a gradual rise to the upside within the expected bullish context. However, it reached its highest level, around 1.3650 resistance, which succeeded in limiting the bullish bias. Technically, the bullish trend is still the most preferred, relying on trading stability …

Oil, Crude, trading

The US crude oil futures prices incurred heavy losses, exceeding the target to be achieved at the price of 76.10, recording its lowest level of $74.10 per barrel. Technically, with the regularity of work within the descending channel as shown on the 240-minute chart, and with the negative intersection of …

Gold prices reversed the bearish corrective trend, as we expected during the previous technical report, in which we relied on the negativity of technical indicators, in addition to the stability of trading below the 2006 resistance level at the time of the report’s release, recording its highest level at $2009 …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating buying positions depends on the pair breaching the 1.1000 resistance level, which leads the pair to recover, touching the pending buy order targets at 1.1080, recording its highest price at 1.1095. The …

The ANZ Business Outlook survey is due during the Asian session in New Zealand, and it will be followed by Australia’s Import and Export Price Index. Prior to central bank meetings, markets are awaiting crucial economic data from the US and Eurozone. On Thursday, Wall Street declined once more due …

Oil ignored the official reports issued regarding a sharp decline in US inventories of oil and oil products, to continue the decline for the second consecutive session on Wednesday. Crude bulls focused on the sharp rise in recession fears besieging the US economy in the recent period, as the US …

The Summary of Deliberations from the April 12 meeting of the Bank of Canada, at which the interest rate was left steady, revealed that they debated raising rates. According to the projections of the BoC Governing Council, the document notes that inflation was dropping. Officials concurred that expecting rate reductions …