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The technical outlook is unchanged and the movements of the US dollar against the Canadian dollar did not change significantly, maintaining the same technical conditions of the previous session. Technically, there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility …

Oil, Crude, trading

Oil, Crude, trading

The movements of the yellow metal witnessed a negative trading session yesterday, and as a reminder, we indicated that we are waiting to confirm the breach of the 1810 level, and this increases the negativity to target 1803 so that gold approaches the required target, recording 1805 Technically, and carefully …

Within the expected bearish context, the single European currency declined significantly against the US dollar. Therefore, we relied on confirming the breach of 1.1370, explaining that this opens the way to visit the first target, 1.1320, to record the euro as low as 1.1315. Technically, today, and by looking at …

“Boris Johnson is set to announce the lifting of ‘Plan B’ COVID restrictions on Wednesday as a plot to oust him by Tory MPs first elected in 2019 emerged.The news also mentioned UK Prime minister Johnson to have appeared forlorn in a television interview while apologizing for misjudgments ‘that I …

The US dollar has been the most prominent winner, and performed up against all major rival currencies. US Treasury yields soared to fresh highs with the yield on the 10-year note reaching 1.856% and that on the 2-year note surpassing 1%, and consequently impacting gold prices. At $1,813.56, gold is …

Several economists believe the cost of borrowing will increase several times this year. UK inflation is expected to rise to a 30-year high when December’s data are released on Wednesday as upward cost pressures are felt across the economy. Economists polled by Reuters forecast inflation to hit 5.2 per cent, …

There is growing concern over a surge in ads promoting crypto assets, which are unregulated in the UK, and the potential for naive investors to lose money.The British government has unveiled plans to crack down on misleading cryptocurrency ads by making them subject to the same regulations as marketing for …

USD/CAD has had a passive session on Tuesday, with the pair dropping back to trading just above its 200-day moving average at the 1.2500 level after briefly surpassing the 1.2550 mark midway through US trade. Surging crude oil prices that saw front-month WTI futures hit multi-year highs near the $86.00 …