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The Canadian dollar retests the support published during the previous analysis at 1.2910, recording its lowest level at 1.2893 before returning to the bullish path. Technically and carefully looking at the 4-hour chart, we notice the rapid bullish bounce that occurred with the stability of trading above 1.2910 accompanied by …

Oil, Crude, trading

Gold prices consolidated their losses against the US dollar within the expected bearish path, touching the required official station at 1800, recording its lowest level at the end of last week’s trading at 1799. On the technical side, today, we tend to the negativity in our trading, relying on the …

The single European currency maintains negative stability against the US dollar, hitting its lowest level during last week’s trading at around 1.0350. Technically, by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the simple moving averages, which still constitute a hindrance to the …

Oil prices fell on Monday, giving up earlier gains as investors booked profits after prices rose in the previous session, but concerns loomed oversupply in global markets as the European Union prepared to impose a ban on imports from Russia. Brent crude futures fell 64 cents, or 0.6 percent, to …

The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …

On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

Wall Street surged on Friday to close higher after a week’s wild market rotations. The surging US equities received a push from relief signs denoting that peaking inflation vied with concerns that policy tightening by the Fed could slope the US economy into unwanted recession.Equity gains were led by a …

The Bank of England will possibly need to hike interest rates more sharply than financial markets expect in order to get tame soaring inflation according to a former policymaker.The BoE’s Monetary Policy Committee raised its key interest rate four times since December to 1%, it is so the highest aggregate …

Loretta Mester is a voting member of the Federal Open Market Committee this year. Mester said, on Friday, that the Fed needs to practice pressure ahead with aggressive rate hikes, and that by early fall, this year, the US central bank perhaps could be able to eventually decide whether its …