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The Canadian dollar returned to the bearish path once again, after hitting the resistance level of the psychological barrier 1.3500, which forced it to trade negatively again, to witness the current movements stabilizing around its lowest level during the session 1.3385. Technically, and by looking at the 4-hour chart, we …

Oil, Crude, trading

US crude oil prices achieved good gains by the end of the trading week ending last Friday, within the expected technical context during the previous report, surpassing the official target that should be touched at 81.60, recording its highest level at 82.20. Technically, we tend to be optimistic but cautious, …

Gold prices achieved remarkable gains within the expected upward path during the previous technical analysis, surpassing the official target of 1777, recording its highest level of $1808 per ounce during the early trading of the current session. Technically, and by looking closely at the 240-minute chart, we notice that gold …

The euro-dollar pair jumped to the top, achieving strong gains. However, as a reminder, we indicated during the last technical report that the resumption of the rise depends mainly on confirming the pair’s breach of the resistance level of the psychological barrier 1.0400, to target 1.0520, recording its highest level …

The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …

The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …

The US dollar has maintained its weak performance on Friday despite the positive Nonfarm Payrolls data. The USD/CHF pair hit a daily high following the key data.The USD/CHF is trimming some of its earlier losses and prior gains in the US volatile trading session, spurred by a buoyant US Nonfarm …

Friday witnessed losses of both ProShares Ultra Bloomberg Natural Gas and the US Natural Gas Fund by almost 13% and 6.6%, respectively, during midday trading. Two of the largest energy-focused ETFs, the Energy Select Sector SPDR Fund and the  iShares U.S. Oil & Gas Exploration & Production ETF , both …

The Bank of England sold GBP 1.412 billion of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday.Friday’s sale was the third this week, as the BoE looks forward to unwinding …