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The loonie’s movement has changed little and is still hovering below the pivotal resistance level 1.2880 that it has been unable to breach. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average for the bearish bias, which is exerting negative pressure on the …

Oil, Crude, trading

Gold prices continued to rise gradually to the upside, as we expected, heading to touch the official target station yesterday at 1794, recording its highest level at 1794. Technically, and by looking at the 240-minute chart, we find the 50-day simple moving average that enhances the chances of rising, in …

A positive trading session witnessed the movements of the euro against the US dollar within the expected bullish bias during the previous analysis, touching the retest target that is required to be achieved over the short time intervals at 1.0210, recording the highest level at 1.0253. Technically, we find the …

The dollar fell against most of its major rival currencies, ending the trading day near its latest lows. This constitutes a sign of additional declines ahead in the near term.AUD/USD advanced and hovers around 0.6970, helped by gold, as the bright metal reached fresh one-month highs in the $1,790 price …

WTI crude oil holds lower ground near six-month bottom after declining for the last four days. Fears of economic slowdown, central bank aggression outweigh geopolitical woes linked to China, Russia. US jobs report for July as well as developments surrounding China will be important for fresh impulse. WTI crude oil …

The USD/CHF pair is wavering in an 11-pip range as investors await the important NFP data in the US. Estimated 200k for the NFP could even drag the asset lower. The Dollar Index failed to capitalize on a wave of hawkish commentary from several Fed policymakers.The USD/CHF pair is displaying …

Gold breached the coveted $1,800 per ounce on Thursday on accelerated geopolitical tensions between China and the United States. But Friday’s employment report could disrupt gold’s momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, gold trades …

Warner Bros. Discovery posted weaker than expected second quarter earnings Thursday amid a firestorm of speculation about a restructuring at the company that would cull costs.The media giant, which owns HBO, CNN, Warner Bros., HGTV and TLC, reported its earnings for the first time since it merged earlier this year, …

President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Thursday that the Fed should raise interest rates to above 4% in order to bring inflation back down to target.The US dollar was lower vs. most major currencies on Thursday, down some 0.5% at the time of writing …