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Oil prices fell more than 7 percent on Monday, as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub, Shanghai, said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell $8.17, or 6.8 percent, to $112.48 …

The German DAX index jumped, achieving noticeable gains, as we expected, touching our awaited target of 14,555 to record its highest level, 14,644. On the technical side, today, we tend to the positivity, relying on the stability of trading above the support level of 14,360 and the positive stimulus coming …

Oil, Crude, trading

As we expected, a bullish corrective bias dominated the Canadian dollar’s movements yesterday, touching the corrective target at 1.2590, recording the highest price at 1.2592. Technically, we notice that the pair succeeded in building a base of 1.2480 support, located around the 50.0% Fibonacci correction, accompanied by the clear positive …

Oil, Crude, trading

Gold prices declined noticeably within the expected bearish path, touching the main target at 1925, recording its lowest level in 1917, after finding a solid level around 1960. On the technical side, today, with the return of the simple moving averages, pressure on the price from above, supporting the bearish …

The single European currency provided positive trades during the previous trading session. It approached the 1.0920 support level, recording the lowest price at 1.0940, forcing it to form a limited bullish bounce to retest the psychological resistance level 1.1000. Technically, by looking at the 4-hour chart, we notice that the …

The gold price is down on the day, losing around 1.9% as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. The market mood was sour, helping the American dollar to end the day …

The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …

The USD/CAD pair has attracted significant offers at 1.2593, which seems a failed attempt to come out of the woods as the asset has remained vulnerable in the past few trading sessions.On the weekly scale, USD/CAD has been slipped below the ascending triangle formation. Usually, breaking below the ascending triangle …