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The Canadian dollar achieved noticeable gains with the opening of the current trading sessions within the expected positive outlook, surpassing the second official target required to be touched during the previous technical report, 1.2980, recording its highest level at 1.3037 during the early trading of the current session. Technically, we …

Oil, Crude, trading

Gold prices declined noticeably within the expected bearish path during the previous analysis, touching the official target at 1850, recording the lowest price of 1851. Technically, and by looking at the 240-chart, we find limited positive attempts witnessed by the intraday movements due to hitting the support barrier represented by …

Attempts tended to the positive, witnessing the euro’s movements against the US dollar, building on the support level of the psychological barrier published in the previous analysis at 1.0500, to record a marginal rise to retest the 1.0590 level. On the technical side today, and with careful consideration on the …

Risk aversion dominated financial markets at the beginning of the trading week. Global stocks edged lower, while government bond yields soared during European trading hours, giving up some ground ahead of Wall Street’s close.The negative market sentiment came from the usual suspects. High inflation levels, increasing coronavirus cases, and tensions …

EU Commission chief von der Leyen’s plan to travel to see Hungary’s Orban yielded no breakthrough. The president of the European Commission has wanted Hungary to agree to stop importing Russian oil, but eventually failed to reach agreement with Hungary on Monday to secure the country’s backing for an oil …

The Gold Price Index has witnessed a minor bounce after slipping near the previous week’s low at $1,850.47. A minor receptive buying has been observed but value buying can drive the precious metal higher. The bright metal has displayed a sheer downside on Monday amid broader strength in the US …

A week that saw a continued deterioration in the global growth outlook driven by extended China lockdowns, a stronger dollar and increasingly aggressive rate hike signals from members of the US Fed. The week highlighted how traders positioned themselves ahead of last Wednesday’s FOMC meeting. During the week US ten-year …

The USD/CAD pair is ending on North America session in the green territory by 0.8% following a final thrust to the upside in the US dollar. This development has taken the Canadian dollar to its lowest level since November 2020 amid rising concerns about the global economy and fears of …

Consumers grew a little bit more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows. Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from the record high …