The technical outlook is unchanged, and the movements of the US dollar against the Canadian dollar have not changed significantly within sideways trading from the bottom above 1.2030 and from the top below 1.2130. Technically, we find the pair succeeded in building a base on the solid support floor 1.2030, …
Read More »GBP/USD: Mixed Technical Signals
Oil, Crude, trading
Read More »Oil Continues to Achieve Our Rising Goals
Oil, Crude, trading
Read More »Gold is Waiting For a New Move SignalS And Pending orders
Gold prices approached touching the first target required and mentioned in the previous analysis located at 1917, to settle for recording its highest level at 1912, finding it difficult to surpass the aforementioned level, which forced it to move within a bearish path. On the technical side today, and by …
Read More »Euro Waiting For Pending Orders
The euro against the US dollar ended the previous trading session without a noticeable change within a sideways bias tilted to the negativity. Technically, and with a closer look at the 4-hour time chart, we find the SMA 50 continues to pressure the price from the top, supporting the occurrence …
Read More »Fed’s Reverse Repurchase Facility Surges to New All-Time High
Cash flows into the New York Federal Reserve’s reverse repurchase (RRP) facility hit a new record high at $485 billion on Thursday, according to recent reports. The development is increasing the pressure on key interest rates that could decline into the negative territory below zero. The previous all-time high was …
Read More »EIA Expects Higher Demand and Fuel Price Hike
The United States Energy Information Administration (EIA) has projected that energy prices will continue to rise on increased demand, according to its latest outlook report. The EIA now expects the global demand for fuel will reach 97.7 million barrels per day, rising by 5.4 million barrels per day compared to …
Read More »Oil Maintains Gains for Fifth Session to Reach Highest Level Since 2018
Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery. Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims. Brent crude futures for July delivery rose …
Read More »Gold Sees First Loss in Four Sessions
Gold prices declined on Thursday after three consecutive rises, losing the $1,900 level, as the U.S. Dollar (USD) strengthened with the Treasury yields rising. The yellow metal futures for June delivery lost $5.5, or 0.3%, to close at $1,895.70 per ounce. Gold futures for August delivery also dropped $5.30, or …
Read More »Kansas Fed Manufacturing Index Declines
The Tenth District manufacturing activity maintained growth during May, expanding at a strong pace, with positive expectations for future activity, according to the Federal Reserve Bank of Kansas. However, the monthly composite index declined to 26 this month, from 31 in April. Factory activity expanded on an annual basis, maintaining …
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