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Oil, Crude, trading

GBP/JPY traded with clear negativity, as we mentioned during yesterday’s technical report, targeting 149.80, and the pair recorded its lowest level at 149.72. Technically, and with careful consideration of the short time frames, we find the 50-day moving average trying to push the price to the upside, accompanied by the …

The Canadian dollar’s movements witnessed a positive trading session within the expected bullish context, touching the official station required for the current ascending wave 1.2840. Technically, the current moves are witnessing a bearish tendency as a result of hitting 1.2840, in addition to the stochastic entering the overbought areas intraday. …

Oil, Crude, trading

Oil, Crude, trading

Mixed trades dominated gold prices during the previous trading session. As we mentioned, one of the primary keys for the trend is the resistance level of 1808, which forced the price to rebound to the downside and 1768 on the downside, which is trying to maintain positive stability. The technical …

We stayed on the fence during the previous technical report due to the conflicting technical signals, explaining that reactivating the buying positions requires breaking the 1.1330 resistance level, which is a catalyst that helps consolidate gains to retest 1.1375/1.1370, recording the highest 1.1380. On the technical side today, the current …

Uncertainty Behind Volatile US Session Risk-aversion is increasingly becoming a key word in the market context. The US dollar firstly fell but changed course during US trading hours to reach weekly highs against most major rival currencies.Concerns around the coronavirus pandemic rotated during the first half of the day, with …

Gold futures are currently traded lower by -2.20 at 1774.95 per ounce during on Tuesday after giving back some earlier gains because the precious metal got impacted by comments from U.S. Fed’s Powell sent buyers to selloff. According to the current market sentiment, Powell was able to send hawkish waves …

US showdown is looming again as Congress returns to the thorny issue facing urgent deadlines to avoid debt ceiling limit default. Failure to reach agreement on funding bills or debt ceiling would profoundly impact the country and Biden’s Administration, while failure to agree on a final form of the USD …