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Oil, Crude, trading

Positive trades dominated the movements of GBP/JPY, benefiting from maintaining trading above the 151.10 support level. Technically, we notice the stability of the intraday movements above the support level of 151.10, as we find the stochastic indicator started sending positive crossover signals on the 4-hour time frame, in addition to …

The technical outlook is unchanged, and the Canadian dollar did not witness any change, maintaining the temporary negative stability below the 1.2720 resistance level. Technically, by looking at the 240-minute chart, we notice the price stability below 1.2720, the previously broken support and transformed into a resistance level represented by …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated the movements of gold at the end of the last trading week after it retested the 1776 resistance level, which forced it to retreat to record significant losses around 1740. Technically, and by looking at the 240-minute chart, we notice the stability of the intraday trading below …

Sideways trading dominates the euro against the US dollar for several consecutive sessions, above the psychological support level of 1.1700 and below the resistance of 1.1750. On the technical side today, and by looking at the 4-hour chart, we notice the negative pressure coming from the 50-day simple moving average, …

The Federal Reserve left rates unchanged after the end of the monthly meeting of the FOMC and stated that if progress in the economy continues as expected, we may see the start of reducing purchases sooner, as some members of the committee indicated that interest rates may rise soon after …

China took its strongest action so far against cryptocurrencies; and according to the PBOC, Bitcoin, ether and tether are not legal and should not and cannot be used as currency in the market because they’re issued by non-monetary authorities and use encryption technology.But the government didn’t ban possession of cryptocurrencies, …

The gold market will have to encounter a real test next week, as holding the $1,700 per ounce level. This will be critical for the precious metal, which has stayed largely above that level since the beginning of 2021 till date.Even with China’s Evergrande fears worrying the markets, gold failed …