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Gold prices rose on Tuesday, January 11th, supported by a decline in the dollar and US Treasury yields, as investors awaited the release of inflation data for December, this week, which may support a decision by the Federal Reserve to raise interest rates sooner than expected. And the price of …

GBP/JPY made positive attempts, building on a support level of 155.60, recording a high of 157.40. Technically, we tend to the positivity, relying on the stability of the intraday trading above 156.00 support level accompanied by the positivity features that start to appear on the stochastic indicator and getting rid …

The Canadian dollar’s movements witnessed limited positive attempts during the last trading session to hit the resistance level of the psychological barrier 1.2700, unable to breach it until now. Technically, and carefully looking at the 4-hour chart, we notice the beginning of a bearish technical formation that puts the price …

Oil, Crude, trading

Oil, Crude, trading

Gold prices started today’s trading session with a noticeable rise after it announced the reliance on the solid support floor located around 1782. The price is now hovering around the highest level during early trading in 1807. On the technical side, we find gold prices succeeded in breaching the pivotal …

The positive attempts of the euro against the US dollar continue for the second consecutive session, trying to move away from the psychological support level of 1.1300 and, most importantly, 1.1280. Technically, looking at the 4-hour chart, we notice positive crossover signs that started appearing on the stochastic indicator. By …

The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …

Oil prices weakened Monday as supply problems in Kazakhstan and Libya eased, while concerns grew about the rapid rise of Omicron cases in China, the second largest economy in the world. West Texas Intermediate, the benchmark for US crude, settled down by 67 cents, or 0.9%, at $78.24 per barrel. …

Federal Reserve Jerome Powell will appear before the Senate for his official reappointment hearing on Tuesday. In prepared remarks he will state that the “economy is expanding at its fastest pace in many years, labor market is strong”. On Monday, Powell’s prepared remarks for reappointment confirmation hearing were released. Powell …