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Oil, Crude, trading

Negative trades continue to control the movements of the Canadian dollar due to the collision with the pivotal resistance level at 1.3680, which forced the pair to move negatively towards the last expected target at 1.3570, recording its lowest level at 1.3550. Technically, our trading tends to be negative, relying …

Oil, Crude, trading

Gold prices started the morning trading of the current session on an upward slope, recording its highest level at $1806 per ounce, building on the bullish rebound as a result of the intraday stability above 1795. Technically, we find the 50-day simple moving average has returned to hold the price …

The Eurodollar pair opened its weekly trading on an upward slope, as we expected, heading to visit the first target to be achieved during the last report at 1.0660, recording its highest level during the Asian session for today’s session at 1.0660. On the technical side today, and by looking …

Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

OPEC Secretary-General Haitham Al-Ghais has congratulated the Libyan people on the 71st anniversary of the national Independence Day. Al-Ghais stated that OPEC has benefited from Libya’s contribution during the past years, since the signing of the cooperation agreement in 2016, as well as by combating the Corona virus 2020. He …

The latest announcement by the Bank of Japan (BOJ) to modify its so-called Yield Curve Control framework immediately created a state of chaos in the currency markets.The announcement by the BoJ at one of the most illiquid times of the day. It also occurred during one of the most illiquid …

Japanese stocks closed higher on Monday, supported by the rise of Wall Street in the last session, and the stocks of technology and energy companies topped the gainers, while the market was affected by the decline in stocks of banks and insurance companies. The Nikkei index rose 0.65 percent to …

Russian Deputy Prime Minister Alexander Novak told the official Tass news agency that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe pipeline. “The European market is still important with the continued gas shortage, and we have every opportunity to resume supplies,” TASS quoted Novak as saying …