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Negative trading dominated the movements of the Canadian dollar as we expected, touching the required goal for the bearish technical structure mentioned in the previous analysis at 1.2465, recording its lowest price at 1.2453. Technically, the current moves are witnessing attempts to rebound to the upside as it closed yesterday’s …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook remains unchanged, to find that the prices of the yellow metal are trading positively, maintaining the gains that were achieved during this week’s trading, reaching the highest of 1828. Technically, and by looking at the 4-hour chart, we notice the price’s intraday stability above the support level …

The single European currency continued to achieve gains against the US dollar within the expected upward trend during the last analysis, heading towards touching the goal of 1.1480, recording the highest level at 1.1481. Technically, the pair is now hovering around the highest level during the session, accompanied by the …

The market has stabilized, with the US dollar consolidating losses on Thursday. Risk appetite retreated, preventing the dollar index from falling further. Intraday gains of the American currency helped correct oversold conditions reached one day following Wednesday’s selloff.The Federal Reserve’s hawkish language was much assessed and digested in ahead of …

Gold futures edged lower on Thursday, with prices on track to post their first loss in five sessions, after a rise in the US producer price index reading for December came in below market expectations.It could be argued that the bullish case for gold is its reputation as an inflation …

Federal Reserve’s Christopher Waller said three hikes in 2022 are still a good baseline but he said if inflation stays high there could be four or even five hikes.Additional QuotesCould also allow the balance sheet to run off earlier.Doesn’t favour 50bps Fed hike in March.Could start shrinking Fed balance sheet …

Crude oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive US interest rate hikes.Losses were cushioned by expectations of a strong economic recovery that will boost demand in a tightly supplied market. US West Texas Intermediate crude futures settled down …

Taiwan Semiconductor shares surged on Thursday, as the semiconductor manufacturer said fourth-quarter earnings topped Wall Street estimates and it would boost spending for 2022 well above last year’s levels.Taiwan Semiconductor shares closed at $139.19, gaining more than 5% and just off their 52-week high of $145. More than 51 million …