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Oil, Crude, trading

GBP/JPY succeeded in touching the first target published in the previous analysis, at  151.70, recording a high of 151.95. Technically, the 50-day moving average still supports the daily bullish trend, in addition to the pair’s base on the support floor of 151.10/151.00. Therefore, we will maintain our positive outlook, targeting …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining positive stability. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to stabilizing trading above 1.2580. This increases the possibility that we will witness …

Oil, Crude, trading

Oil, Crude, trading

Gold prices are witnessing sideways trading in a narrow range that tends to be positive, gradually approaching the pivotal resistance level of 1823, which was previously referred to as the key to continuing the bullish trend, recording a high of 1820. Technically, by looking at the 4-hour chart, we find …

The single European currency continued to achieve gains for the third consecutive session without achieving the scenario of retesting the support published in the previous analysis to approach the required official target of 1.1880, recording its highest level at 1.1857. Technically, we believe that the continuation of the rise is …

Oil prices showed a mixed performance on Wednesday after the OPEC+ alliance decided to maintain the gradual production increases, easing previous output cuts. The global benchmark, Brent crude, closed lower for the second day despite expectations for a rising demand this year, with fears over disruptions due to Hurricane Ida. …

Gold prices closed modestly lower on Wednesday for the second time in three sessions, despite a mostly negative performance by the U.S. Dollar (USD). An improvement in risk appetite and rising stocks limited the demand for the yellow metal as a safe haven investment after a slew of mixed economic …

Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …