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Gold prices fell on Monday after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly, sending dollar and Treasury yields higher. And the price of gold in spot transactions 0.1 percent to 1771.74 dollars an ounce (an ounce) at 0454 GMT, …

Oil, Crude, trading

Positive trading dominated the movements of the pound sterling against the Japanese yen within the bullish context, as we expected touching the first target to be achieved 162.60 and approached by a few points from the second target of 163.60, recording its highest level at 163.47. On the technical side …

The Canadian dollar showed some bullish bias during the last trading sessions of last week, after several consecutive sessions during which it did not show any movements, to retest the 1.2885 resistance level. Technically, we find the pair succeeded in stabilizing above 1.2885, the previously breached resistance, which is now …

Oil, Crude, trading

The negative performance of gold prices at the end of last week’s trading resulted from the US dollar gaining positive momentum after the US jobs data exceeded expectations, reaching its lowest level at 1765, recording the highest near 1794. Today’s technical vision indicates the possibility of resuming the decline, based …

The single European currency ended its weekly trading with a decline with the rise of the US dollar, which received support from the positive US employment data, as the EUR/USD pair recorded as low as 1.0140. Technically, by carefully looking at the 240-minute chart, we notice the price stability below …

The robust set of job market data seemed to have cleared much concern over the US recession and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. However, despite that, stock markets were …

Gold price maintained defensive stance late during the New York session after an early US employment report showed that the Fed is right about pushing back on recession chatter. Gold is trading at $1773.33, down by almost 1%.Before Wall Street opened, the US Bureau of Labour Statistics revealed that the …

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the demand for crude oil. WTI rose to $90.69 per barrel on Friday at 11:22 a.m. ET, up $1.20 (+2.43%) on the day. Crude …